[Lombard Street: A Description of the Money Market by Walter Bagehot]@TWC D-Link book
Lombard Street: A Description of the Money Market

CHAPTER III
17/36

In the issue of notes the banker, the person to be most benefited, can do something.

He can pay away his own 'promises' in loans, in wages, or in payment of debts.

But in the getting of deposits he is passive.

His issues depend on himself; his deposits on the favour of others.

And to the public the change is far easier too.


<<Back  Index  Next>>

D-Link book Top

TWC mobile books