Change from Barter to a Currency A Currency enables each Seller to reserve his Power of Purchase Currencies are formed piecemeal Origin of Credit as a Paying Power Receipts for Bullion used instead of Bullion Bullion Receipts operate after the Bullion has been lent Bank Loans an addition to the Aggregate of Money This third Element of Money very variable London Private Banks form one Bank Mr. Newmarch's Estimate of Discounts Bankers an essential Part of our Money System Bank Credit fluctuates from Confidence and Distrust Confidence depends on Regularity of Commerce Regularity depends on correct Anticipation of Supply and Consumptive Bank Deposits could not all be paid Bank Credit to some extent as permanent as Gold Original and Factitious Money Bank Credit at any moment definite in amount The first Saving in a Currency was Money Capital A Saving in a Currency differs from a Saving made in Commodities Money Capital passes into Money Income Money the Basis of industrial Calculations The Aggregate of Income the "Return Power" to Capital A general Glut habitual in England Tendency to speculative Excitements progressive Banking Facilities after a Crisis Money Capital lost reappears in new Hands A definite Relation between Capital and Income Money Income from Foreign Trade . Capital applied to Production or Distribution Return to old Capital diminished Effect of new Incomes upon Aggregate of Income Verification of the Law of Revolution Money Capital squandered returns into new Hands The Revolution of Capital and Income may be quickened or retarded Increased Money Income antecedent to Depreciation Income and Transactions limit Currency. Increase in Aggregate of Income must precede Depreciation Three Ways of receiving new Gold . New Gold as Capital for Investment Rule for the Management of the Bank The Bank not a private Concern Note on the Proposal to fix a Minimum Rate of Discount for the Bank of First Rise of Agricultural Incomes New Capital drawn to Manufactures Prospect of long-continued Changes 89 |
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