Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
The Writings of William Paterson Founder of the Bank of Englthe Writings of William Paterson Founder of the Bank of England and

The Writings of William Paterson Founder of the Bank of Englthe Writings of William Paterson Founder of the Bank of England and

Paterson, William

Paperback

General World History

Currently unavailable to order

ISBN10: 1151295345
ISBN13: 9781151295347
Publisher: General Books
Pages: 242
Weight: 0.79
Height: 0.54 Width: 9.01 Depth: 5.98
Language: English
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1858 edition. Excerpt: ...increase and success of the industry of this kingdom, than the effectual supporting and promoting its foreign trade, which hath now been neglected for near, if not quite, an age, it is certainly not only necessary and reasonable that the company be honourably and frankly refunded, and that the nation do likewise add a considerable stock towards the support and strengthening this fund for foreign trade, but, considering the present circumstances and dispositions of men and things, it would be a wise and politic constitution of this fund, for the nation even to be at the risk of the principal money of that part of the stock belonging to particular men, so as only the interest of forbearance should be at that of the proprietors thereof; that so by this means, those who are not willing, or are or may become unable, might not be so oppressed and harassed as hitherto, which hath not only been a grievous oppression to the parties concerned, but a mischievous clog and dead weight on the company in all their proceedings. But perhaps to this it may be objected, that, if liberty were given, every one would be for fetching out his stock, and so leaving the country to be alone concerned. But to this it may be answered, That were this fund left so precarious that every one might transfer their stock, and have it back again at their pleasure, at a current rate, there might be some ground for this objection, since in such a case there would be high demands of stock, when the company should be successful, or they and the council of trade wanted not money, whilst upon every emergency, and when the countenance and assistance of private men should be most wanted, it would be least found. But, as this is proposed, the effect would be quite otherwise, since, when once...

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