quadgram

This is a table of type quadgram and their frequencies. Use it to search & browse the list to learn more about your study carrel.

quadgram frequency
of the united states145
in the united states92
the american reserve bank85
the bank of england74
for the purpose of68
in the form of58
the board of control50
on the other hand47
of the board of45
at the same time44
the board of directors43
national land credit bank42
on the part of37
the national land credit36
the united states government36
of the bank of34
the united states notes34
at the end of33
the war is over32
of the american reserve32
that is to say29
it seems to me29
board of directors of29
at the rate of28
the end of the28
in the way of27
when the war is27
of directors of the26
in the course of26
in the case of26
per cent of the26
with regard to the26
cost of the war25
the rest of the24
the rate of interest24
in accordance with the24
to the extent of24
the amount of the24
the value of the23
the part of the23
of the state of22
in the matter of22
the president of the22
the banks of the22
the cost of the22
as a matter of22
from time to time21
financial and banking system21
secretary of the treasury21
the standard of value21
in so far as21
the united states treasury21
to the amount of21
in the hands of20
american reserve bank shall20
the members of the20
in the shape of20
people on the island20
of the clearing house19
of the national land19
the people on the19
bank of the state19
to the board of18
the comptroller of the18
that the united states18
the fact that the18
the bank of the18
at a time when18
the course of the18
comptroller of the currency18
in the first place18
directors of the american17
the clearing house committee17
the hands of the17
as a result of17
president of the united17
a levy on capital16
the beginning of the16
the board of the16
tax of per cent16
the secretary of the16
united states notes and15
the right kind of15
as a part of15
as good as gold15
chancellor of the exchequer15
the people of the15
from the standpoint of15
members of the board15
the united states in15
in the history of15
the national reserve association15
the credit of the15
per cent per annum15
the history of the15
to the clearing house15
cents on the dollar15
to the united states15
in view of the14
the chancellor of the14
there can be no14
the bank of france14
a tax of per14
the state bank of14
that any national bank14
as soon as the14
on the subject of14
of the banking business14
at the expense of14
the purchasing power of14
the assets of the14
i am going to14
a standard of value14
banks of the country14
the organization of the14
a large part of13
bank in the united13
the same amount of13
you will remember that13
growing out of the13
of the banks of13
the state of indiana13
i want you to13
these united states notes13
land credit bank shall13
per cent of their13
to the fact that13
into the hands of13
out of the country13
a member of the13
the business of the13
a good deal of13
in the place of13
hundred and fifty million13
will have to be13
and at the same12
fund of the country12
for the benefit of12
clearing house loan certificates12
in the light of12
so far as the12
beginning of the war12
the levy on capital12
of united states notes12
a financial and banking12
the treasury of the12
call your attention to12
it is not possible12
the total amount of12
a certain amount of12
and fifty million dollars11
by the bank of11
and i want to11
for the first time11
the amount of notes11
our standard of value11
with the american reserve11
the form of a11
that the board of11
to me as though11
business of the country11
one of the most11
is one of the11
a part of the11
a medium of exchange11
much to be said11
interests of the country11
the whole of the11
it is true that11
the amount of money11
and per cent of11
in a position to11
the experience of the11
that there is no11
at the present time11
of the fact that10
two hundred and fifty10
more than per cent10
the national bank act10
for the use of10
of the national bank10
for the sake of10
value or purchasing power10
the reserves of the10
course of the war10
a corresponding amount of10
the other side of10
the new york clearing10
a part of its10
purchasing power of the10
there is not a10
there seems to be10
new york clearing house10
the rate of per10
for the time being10
the buying power of10
in the same way10
the case of the10
i want to know10
as long as the10
i want to read10
to be said for10
of the country to10
on the other side10
the necessaries of life10
as we have seen10
of per cent upon10
large part of the10
would have to be10
of gold and silver10
to be able to10
a central gold reserve10
of the commercial zone10
the national bank notes10
a first lien upon10
at the beginning of10
the government of the9
the first day of9
the use of gold9
other side of the9
united states of america9
i agree with you9
imperial bank of germany9
the united states of9
i want to call9
by the board of9
legislature of the united9
that there is a9
can be no doubt9
the amount of gold9
as one of the9
the benefit of the9
be no doubt that9
it is difficult to9
of the local associations9
end of the war9
the house of commons9
all the national banks9
of goods and services9
the channels of trade9
it will be seen9
it is clear that9
it may be that9
for the united states9
one hundred thousand dollars9
the demands of trade9
board of the american9
the laws of the9
the notes of the9
in one of the9
the supply of capital9
equal to per centum9
i do not think9
from day to day9
of the national banks9
the united states shall9
in precisely the same9
times as much as9
the several state associations9
the imperial bank of9
to meet the demands9
one of the greatest9
is by no means9
in connection with the9
the united states to8
it would have been8
of one per cent8
be bought and sold8
the expense of the8
to pay for the8
bank of england notes8
the power of the8
do not believe that8
treasury of the united8
of bills of exchange8
of the state where8
the interests of the8
the fact that they8
of january and july8
at home and abroad8
is not possible to8
two and a half8
the result of our8
to a great extent8
that as soon as8
if there is one8
laws of the state8
it will be remembered8
the business interests of8
of the members of8
section of the country8
from the united states8
early days of the8
reserves of all the8
one hundred and fifty8
the rise in prices8
times the amount of8
would seem to be8
all over the country8
of legal tender currency8
the result of the8
every bank in the8
the extent to which8
during the course of8
the extent of the8
that it is the8
i want to tell8
to carry on the8
seems to me that8
to call your attention8
in the house of8
all intents and purposes8
the united states the8
per centum per annum8
that the amount of8
rest of the world8
seems to me to8
seems to me as8
the united states has8
the bill of exchange8
to all intents and8
the figures of the8
the currency of the8
a vast amount of8
days of january and8
there is no doubt8
needed for the war8
the united states should8
emit bills of credit8
all the way from8
want to tell you8
there is no reason8
a part of their8
a large number of8
as the result of8
in the early days8
in time of peace8
want to call your8
have been able to8
i do not believe8
the legislature of the8
to per centum of8
as well as the8
the united states note8
the value of anything7
the form of bank7
the board of managers7
i am glad that7
at all times to7
the same thing as7
the report of the7
that is just what7
to take advantage of7
the new york banks7
by the president of7
business interests of the7
of the state bank7
the representatives of the7
in the bank of7
in order that the7
the checks and drafts7
free and unlimited coinage7
of per centum per7
the fact that it7
meet the demands of7
and banking system for7
the banks of virginia7
currently redeemed in gold7
through the clearing house7
of the government to7
it is easy to7
the financial centre of7
will anyone deny that7
july of each year7
to me to be7
per centum of its7
the one hundred thousand7
state bank of iowa7
days of the war7
for the purposes of7
wealth of the country7
and that is this7
be in a position7
of the national reserve7
throughout the united states7
standard of value is7
to emit bills of7
united states notes or7
banking resources of the7
the commerce of the7
as much as the7
of the stock exchange7
gold out of the7
of the commercial zones7
january and july of7
to the credit of7
to the bank of7
to do is to7
rate of per cent7
as much gold as7
first day of january7
the several local associations7
one hundred and twenty7
commercial fund of the7
directors of the national7
by the clearing house7
banks of new york7
that the government has7
the middle of the7
be called upon to7
with the exception of7
so far as it7
bank of england and7
only another form of7
board of control shall7
is no reason why7
from hand to hand7
the control of the7
and that it is7
paper a legal tender7
the united states and7
the bank act of7
of the gold standard7
assets of the bank7
right kind of currency7
at the time of7
is likely to be7
of the human race7
and bills of exchange7
the governor of the7
shall have power to7
the national banking system7
for a long time7
all over the world7
that it is not7
the wealth of the7
of the two metals7
the fact that we7
what i want to7
member of the board7
as a standard of7
the approval of the7
of the state association7
in a state of7
that the volume of7
and july of each7
banks and trust companies7
will be able to7
the amount of capital7
on account of the7
in order to make7
the capital of the7
for issue and circulation7
provisions of this act6
thousand dollars per annum6
system for the united6
a trust company business6
i am convinced that6
the board of trade6
on the credit of6
of gold to notes6
commerce of the country6
tender in payment of6
that part of the6
of the country which6
states notes and bond6
of the bills of6
it is not a6
a greater or less6
to say nothing of6
the silver dollar was6
both gold and silver6
a matter of fact6
more than any other6
of bills of credit6
if we are to6
the bankers of the6
giving the government power6
from person to person6
and unlimited coinage of6
ten times as much6
the position of the6
of all the banks6
a large amount of6
it is to be6
the provisions of this6
of the bank act6
a great deal of6
price for the use6
economic point of view6
it might have been6
state banks and trust6
the gold and silver6
the way in which6
under the name of6
the country to the6
of the new york6
of per cent per6
about per cent of6
of the amount of6
the manner in which6
per cent upon the6
the convenience of the6
the pockets of the6
by the payment of6
five hundred million dollars6
a promise to pay6
for the production of6
does not seem to6
is nothing but a6
was before the war6
all the local associations6
be found in the6
of the use of6
on the one hand6
sense of the word6
all the rest of6
as the clearing house6
the th day of6
spirit of the country6
a bill of exchange6
first lien upon the6
any national bank accepting6
the adoption of the6
in excess of the6
be paid by the6
the question of the6
and equipment of industry6
between gold and silver6
system in the world6
all the other banks6
per cent of its6
is much to be6
the right to demand6
rest of the community6
would not have been6
a per cent reserve6
in favour of the6
united states notes are6
value of anything is6
all the banks of6
a legal tender in6
the term of service6
per centum of the6
the tools and equipment6
the clearing house association6
to buy and sell6
all over the united6
united states the power6
from to per cent6
over the united states6
the terms of the6
per centum bonds or6
to be used as6
with a capital of6
hundreds of thousands of6
every national bank shall6
a free check zone6
the banking resources of6
seem to think that6
to the american reserve6
there would have been6
in the banking business6
a larger proportion of6
people of the united6
may or may not6
the commercial fund of6
the result of this6
government issues of money6
system of new england6
in defiance of law6
to the value of6
will be seen that6
at the clearing house6
it need not be6
power of the currency6
of the commercial world6
every one of the6
the fact that there6
it is impossible to6
of the cost of6
with the clearing house6
ought to be able6
the banks in the6
the necessities of life6
in time of war6
put a tax of6
or bills of exchange6
am glad that you6
and the cost of6
with the result that6
the greater part of6
it is perfectly clear6
banking power of the6
of the country as6
the character of the6
the army and navy6
tenth days of january6
the property of the6
our allies and dominions6
to our allies and6
of england and the6
what do you mean6
per cent of our6
as far as possible6
seems to be a6
the reserves of our6
the demands of the6
and that is the6
as it was in6
the passage of this6
state bank of indiana6
amount of gold coin6
was found to be6
with a view to6
the opinion of the6
deposits subject to check6
out of the war6
the banks of new6
of the war to6
in the american reserve6
it would not be6
a result of the6
the government power to6
that is precisely what6
tools and equipment of6
it ought to be6
of the war debt6
pay for the war6
point of view of6
in case of a6
passage of this act6
the expenses of the5
one billion two hundred5
credit bank and the5
lien upon the assets5
on this side of5
notes to the amount5
ratio of gold to5
what is called the5
what you have said5
it was before the5
a matter of convenience5
the result that the5
the operation of the5
the national city bank5
held by the banks5
a great increase in5
to say that the5
quantity theory of money5
the meaning of the5
of the war and5
to the extent that5
make one debt pay5
of a central bank5
a few of the5
fifth of per cent5
the amount of their5
in one form or5
that i want to5
the purpose of making5
is needed for the5
so far as i5
as a medium of5
of control of the5
banking system in the5
the per cent tax5
on the island came5
said national land credit5
one end of the5
as the right kind5
doubt that we shall5
the result is that5
converted into gold certificates5
the mutual savings banks5
or corporation using the5
of capital in the5
to the commerce of5
used this language in5
the quantity theory of5
it will be well5
of the present war5
the national banks is5
in the amount of5
currency of the country5
of gold in the5
the exception of the5
the bills of exchange5
would be able to5
we must not forget5
is it not a5
corporation using the word5
of any of the5
need not be said5
the last ten years5
there was in the5
and be known as5
as soon as possible5
credit of the united5
should be required to5
of all the local5
will be remembered that5
three great bags of5
who are responsible for5
to make paper a5
of the year when5
all the world over5
to allies and dominions5
bank notes as reserves5
that portion of the5
debt pay another debt5
the movement of gold5
the standpoint of the5
the shareholders of the5
ought to be the5
by the united states5
the notes issued by5
investment fund of the5
the basis of the5
of service of the5
only per cent of5
the goods and services5
up to per cent5
as i have just5
as much as possible5
power of the company5
without regard to the5
using the word banker5
you seem to have5
that the war has5
banking system for the5
states the power to5
in some of the5
excluding the mutual savings5
by the fact that5
that it would be5
a credit bank note5
payment of a tax5
of the national debt5
and there can be5
in the fact that5
ratio between gold and5
a clearing house in5
is no doubt whatever5
the spirit of the5
to pay for it5
or united states notes5
the matter of the5
let us hope that5
the earning power of5
the united states is5
notes issued by the5
a board of control5
the name of the5
money in this country5
nations of the world5
the needs of the5
the executive committee of5
the point of view5
per cent to per5
the selection of the5
to the business of5
that may be made5
of the standard of5
i am of the5
a bushel of wheat5
people of the island5
to make one debt5
of government issues of5
the conscription of men5
determine by lot how5
from the fact that5
by lot how long5
right kind of a5
gold and silver as5
the ravages of war5
be under the control5
at least twenty local5
the investment fund of5
it is interesting to5
the books of the5
the rate of one5
president of one of5
we are going to5
country as a whole5
the same kind of5
notes should not exceed5
of the mckinley law5
with the provisions of5
do you mean by5
to the legislature of5
states notes or greenbacks5
the war has been5
on the minds of5
form of bank notes5
you must remember that5
a price for the5
during the war period5
a good deal more5
the word banker or5
along the line of5
control of the commercial5
to be found in5
take advantage of the5
to per cent of5
that the proportion of5
bank of england is5
country in the world5
during the past year5
that the members of5
from the point of5
i have just said5
times as much gold5
we want to do5
the same power that5
to serve as money5
to be done by5
that some of the5
the united states will5
the purpose of redeeming5
the consent of the5
the country has been5
of a levy on5
is clear that the5
the free and unlimited5
the framers of the5
by those who are5
land credit bank and5
to the rest of5
due to the fact5
a little less than5
upon the amount of5
as a basis for5
to the end of5
the past ten years5
i am very glad5
of the war has5
interest at the rate5
what we want to5
as it is in5
there is much to5
precisely as the clearing5
that the banks of5
at the disposal of5
one debt pay another5
into the pockets of5
it can only be5
of all the national5
united states notes into5
word banker or bank5
in the first instance5
and distribution of consumable5
the language of the5
cost me one shilling5
unlimited coinage of silver5
it is up to5
reserve of per cent5
the joint stock banks5
the early days of5
the secretary of agriculture5
the bank of kentucky5
it is only by5
notes into gold certificates5
but it must be5
of clearing house certificates5
in order to pay5
five times as much5
is the fact that5
of one of the5
the administration of the5
of per cent on5
made a legal tender5
into the american reserve5
not be said that5
the burden of the5
the power to emit5
to all of us5
out for issue and5
work on clearing houses5
buying power of the5
the tenth days of5
i think it is5
go back to the5
that there has been5
attention to the fact5
redeemed in gold coin5
board of control of5
the united states are5
the process of amalgamation5
the very soul of5
reserves of our banks5
by the process of5
in a full year5
reserves of the banks5
there is only one5
and the fact that5
all parts of the5
those who have a5
approval of the board5
of the organization of5
by the national land5
hundreds of millions of5
lot how long each5
in the national banks5
those who are responsible5
all the banks in5
in the united kingdom5
it does not seem5
of the state in5
the league of nations5
of the most interesting5
the clearing house of5
of currency and credit5
market value of the5
equal to per cent5
the wants of trade5
make paper a legal5
of the income tax5
under the supervision of5
earning power of the5
to carry out the5
the money of the5
per cent of all5
glad that you have5
may be used as5
cent to per cent5
just as much as5
one ounce of gold5
part of the government5
there has not been5
the details of the5
to the people of5
in the sense of5
is a matter of5
the time of its5
least twenty local associations5
it strikes me that5
in spite of the5
a legal tender for5
the boston clearing house5
american reserve bank a5
financial centre of the5
the best interests of5
as long as it5
the minds of the5
any national bank may5
a part of our5
that we shall have5
just as well as5
upon the assets of5
the requirements of trade5
five hundred thousand dollars5
states notes into gold5
as was pointed out4
since the war began4
shall be equal to4
not seem to me4
form of income tax4
less than per cent4
is believed to be4
government of the island4
of the legal tender4
this would be a4
there is in the4
be paid into the4
great bags of money4
of this country that4
issued upon the deposit4
on the th of4
deputy united states comptroller4
united states government should4
of the money market4
during the preceding six4
the island came to4
after the passage of4
that they are not4
just as soon as4
pass from person to4
rate of interest is4
of the necessities of4
book credits into bank4
identically the same thing4
would have had to4
the duty of the4
i could not get4
we shall have a4
board of managers of4
of the continental congress4
be converted into gold4
as it has been4
in the life of4
expansion and inflation of4
the state banks and4
it is at least4
in bills of credit4
united states government shall4
just what do you4
which it is exchanged4
of bank book credits4
our loans to allies4
is the same thing4
upon the deposit of4
duly represented by legal4
capital can only be4
gold or silver coin4
the disposal of the4
during the last three4
of the net profits4
the second united states4
no doubt that the4
the business of paying4
no reason why they4
of currency in the4
or per cent of4
present or duly represented4
the clearing house is4
in the nature of4
to the use of4
a tax of one4
the comparative value of4
upon which they were4
of the opinion that4
the forms of law4
and as a result4
would have been much4
that we should have4
result of the panic4
unit of value and4
amount of money held4
in the widest sense4
of the bank issuing4
opinion of the committee4
taxation still too low4
and every state bank4
be a member of4
of all the other4
we parted last wednesday4
by the quantity of4
who had been the4
the central banks of4
it will have to4
of each commercial zone4
our loans to our4
be returned to the4
of the nature of4
of the whole world4
and the amount of4
american reserve bank an4
ready at all times4
credits in the form4
power to emit bills4
the war goes on4
repeal of the bank4
not more than per4
billion two hundred and4
as much as it4
billion four hundred and4
country to the other4
be perfectly clear to4
from per cent to4
war would have been4
a single dollar of4
parts of the country4
had any thing to4
by no means the4
our unit of value4
it shall have power4
resources of the world4
of the chancellor of4
can be found in4
each commercial zone shall4
and it has been4
spent upon the war4
was appointed to consider4
as if it were4
it should not be4
the line of least4
much as per cent4
selection of the governor4
the machinery of credit4
this should be so4
for the payment of4
this side of the4
for a number of4
cash reserves of the4
i would like to4
added to the list4
an enormous amount of4
at the bank of4
the first monday of4
of the country was4
order to pay for4
reserve bank an amount4
how the people on4
of the prices of4
a savings bank business4
the shape of a4
the repeal of the4
and in accordance with4
line of least resistance4
of the european belligerents4
with the checks and4
shall determine by lot4
morals of the people4
the banks by the4
the manager of the4
owing individual deposits of4
the difference between the4
cash reserve of per4
the widest sense of4
distribution of consumable commodities4
purchasing power or value4
the morals of the4
for the convenience of4
we must remember that4
do not seem to4
of time and labor4
into the national system4
a number of years4
greater part of the4
this point of view4
is our standard of4
should be allowed to4
shall be paid by4
the attention of the4
united states supreme court4
with the help of4
the life of the4
would have been no4
long as it is4
ought to have been4
am of the opinion4
discount rate for gold4
of the banks and4
should be compelled to4
on the ground that4
lies in the fact4
best interests of the4
as much as he4
in the habit of4
is a cent piece4
is up to us4
but it is not4
of a financial and4
under the operation of4
the bills of credit4
the nature of a4
can be exchanged for4
we have to do4
than any of the4
of the island to4
the savings bank business4
the same as it4
on the stock exchange4
of the executive committee4
the house of representatives4
the use of the4
that the value of4
of or per cent4
want to thank you4
the time of the4
or may not be4
no one will deny4
in the reserves of4
of the several local4
same as it was4
in his budget speech4
war finance as it4
the supreme court of4
appreciate the fact that4
by the banks of4
when the war began4
bank book credits into4
part of the commercial4
in the banks of4
of the american people4
of pork and beans4
it will be noted4
into bank note credits4
for which it is4
some of the banks4
of money held by4
the volume of trade4
that the american reserve4
day of january in4
our position as a4
by reason of their4
bills on the credit4
secured bank notes are4
banks of the united4
form of united states4
i think i can4
a measure of value4
buying power of money4
we shall have to4
to the conclusion that4
a committee was appointed4
term of service of4
the form of deposits4
the clearing house saved4
to which they belong4
the war would have4
statement of bank of4
the first issue of4
the decision of the4
as a measure of4
in payment of debts4
experience of the islanders4
i am more than4
the price of the4
the surplus of the4
me call your attention4
the promises to pay4
and a good deal4
which may or may4
and a half years4
the rate of discount4
the enormous amount of4
is that portion of4
on the first day4
the banks of this4
of this act the4
january in each year4
in order to provide4
and the volume of4
note issue of the4
the place of money4
in order to avoid4
a rise in the4
all the united states4
to the supply of4
and one hundred and4
at a cost of4
that the president of4
in the slightest degree4
the wants of the4
what horace white says4
your attention to the4
income tax and super4
they will have to4
with the approval of4
bankers of each district4
a pure credit currency4
that the rate of4
precisely the same way4
the depreciation of the4
payable in monthly installments4
the face of the4
movement of gold to4
the first clearing house4
it is possible that4
which it would be4
might have been done4
are identically the same4
be exchanged for money4
army on a continental4
order to pay money4
rest of the commercial4
we shall continue to4
the banking power of4
accordance with the provisions4
in the eyes of4
per cent upon all4
to the wants of4
as it might have4
am very glad that4
unanimously by the conference4
done in the past4
the nationality of the4
banks is per cent4
in order to meet4
up to us to4
the fact that in4
it is the only4
at least per cent4
the united states have4
under the control of4
the charter of the4
remains to be seen4
carry on the war4
the united states supreme4
interesting to note that4
banks in new england4
that one of the4
its standard of value4
the capital issues committee4
i have been wondering4
may have to be4
in the banking world4
not believe that the4
between these two words4
as a means of4
circulating side by side4
that it was a4
large number of people4
cost to the bank4
in the price of4
in exchange for it4
that it should be4
the cause of the4
you will observe that4
in the interests of4
a sum of money4
of the american clearing4
the bank notes of4
of a board of4
the subject of the4
of the war by4
rate of interest to4
that a national bank4
by the representatives of4
the general welfare of4
is not a single4
the only money we4
by the banks in4
the mutual savings bank4
want to do is4
between and per cent4
come into the national4
the names of the4
officio members of the4
adopted unanimously by the4
all the expenses of4
the sake of the4
a breach of the4
to emit paper money4
as the board of4
not be able to4
the result was that4
banking and currency system4
the higher priced money4
much gold as our4
in days before the4
with that of the4
any one of them4
had no power to4
that the capital of4
bills of exchange are4
the boards of control4
have to pay the4
production and distribution of4
seems to have been4
said a moment ago4
the purpose of profit4
this can only be4
centum bonds or consols4
one bank in a4
regard to the other4
in the buying power4
the volume of money4
the balance of the4
the people of this4
widest sense of the4
that there was a4
during the past ten4
currency of the island4
a time when the4
as much as per4
there is no law4
by those who have4
of paying for it4
there has been a4
in the second place4
that a bank has4
the united states would4
should be in the4
reserve bank shall be4
clearing of country checks4
i am ready to4
in order to do4
adoption of the constitution4
hundred thousand dollars of4
from the channels of4
the result would be4
the history of banking4
to the national banks4
to the demands of4
in the production and4
a cash reserve of4
organization of the national4
of the system of4
secured bank notes were4
through the forms of4
the london money market4
be necessary for the4
finance as it might4
the profit or loss4
breach of the law4
let me call your4
the confidence of the4
on a gold basis4
not money at all4
ought to be done4
for the organization of4
the amount of deposits4
bank credit in the4
can be converted into4
be transferred to the4
there will be a4
great central gold reserve4
not seem to be4
you see that if4
the power to issue4
aldrich plan and plot4
this language in the4
that from and after4
amount of gold to4
it would be to4
purchasing power of gold4
in respect to the4
of those who have4
in the neighbourhood of4
specie payments were suspended4
by this process the4
the state of missouri4
you will allow me4
any national bank shall4
can only be done4
the failure of the4
there is absolutely no4
the maintenance of the4
from and after the4
days before the war4
central banks of england4
but the terms of4
in the middle of4
to a certain extent4
up and unimpaired capital4
a more or less4
of per cent to4
shall be entitled to4
of january in each4
what it ought to4
the united states today4
the purpose of money4
more harm than good4
per annum upon all4
so that we can4
the same position that4
of the country from4
on the face of4
times of the year4
to strike out the4
united states should be4
the requirements of the4
had such a power4
very much better than4
drafts and bills of4
of the banks in4
amount of bank notes4
of the wealth of4
and the comptroller of4
with regard to companies4
the same time to4
it is theoretically possible4
can anyone doubt that4
of thousands of dollars4
and the use of4
the three great bags4
so far as they4
the amount of its4
the deposits of the4
the development of the4
to be used for4
with the united states4
the average amount of4
government of the united4
drives out the better4
i am sure that4
american reserve bank fund4
of managers of the4
was at that time4
the free flow of4
end of the year4
it is a matter4
gold as our unit4
i suggest that we4
token or subsidiary coins4
nations of the earth4
fiscal agent of the4
centre of the world4
tenths grains of gold4
and i think we4
the several commercial zones4
is perfectly clear that4
the slightest difference between4
to make use of4
of a single cent4
the war was over4
of any other nation4
the amount of cash4
free market for gold4
the clearing house associations4
at the time when4
from this point of4
in the long run4
associations have been organized4
in the mean time4
by the shareholders of4
the officers of the4
the vaults of the4
capital is that portion4
of legal tender money4
a portion of the4
and if it is4
nineteen hundred and fourteen4
clearing house of the4
has been paid for4
reason why they should4
of the country with4
the management of the4
they were able to4
it will not be4
of the respective zones4
the owners of property4
from what has been4
an economic point of4
the bank issuing them4
and in order to4
upon the board of4
if we want to4
in the minds of4
right to demand payment4
per cent tax on4
it could not be4
england before the war4
on the books of4
the excess profits duty4
to the requirements of4
the united states auditor4
the payment of a4
if you will allow4
certain proportion of the4
that the price of4
the volume of currency4
in this matter of4
the extent of one4
that it has been4
levy on capital is4
by the national banks4
board of control to4
checks and drafts do4
possibly as much as4
loans shall be made4
here is a cent4
bank of england note4
let us assume that4
out of circulation the4
the bank notes outstanding4
the purpose of the4
which the country has4
the question of how4
in the organization of4
the clearing of country4
for the amount of4
in the realm of4
the products of the4
by which the government4
the strength of the4
precisely in the same4
to pay money is4
of notes in circulation4
three and a half4
high rates of interest4
the balance of trade4
the united states as4
the two and a4
would have been the4
it may be said4
the preceding six months4
on a continental scale4
at the ratio of4
any other kind of4
one form or another4
have to be paid4
of the entire world4
as in their judgment4
the english bank act4
a crime against the4
power of the world4
is the result of4
clear to all of4
part of their reserves4
the reserves of all4
to do all that4
out of the banking4
arising out of the4
fourth of per cent4
there have been no4
bill of exchange is4
in all public payments4
used for the purpose4
into the reserves of4
by means of a4
to the needs of4
say nothing of the4
a certain proportion of4
of the post office4
as our unit of4
from an economic point4
bills of exchange and4
new england before the4
or duly represented by4
the right to draw4
be used as money4
supreme court of the4
or measure of value4
when we come to4
in the development of4
of the country is4
do not think that4
has been going on4
both sides of the4
buying power to the4
of the reserve fund4
all other forms of4
credits into bank note4
under the suffolk system4
from top to bottom4
to all of you4
side of the balance4
at a premium of3
an increase in the3
a majority of the3
taxation or by loans3
we should have a3
seems to be an3
bankers of the country3
is absolutely no difference3
the national banks to3
undivided profits as in3
i have been able3
to issue paper money3
as in this act3
united states will be3
to the consideration of3
in actual defiance of3
as a clearing house3
of a central gold3
stores in munitions department3
deposits and per cent3
of the panic of3
in the pound on3
the united states senate3
fifth of what it3
of a local association3
that the clearing house3
to pay debts with3
in all of them3
in accordance with sections3
carry the balance as3
the relative or market3
the cities are in3
ex officio be a3
with the least possible3
the evolution of the3
prescribed by the laws3
its average deposits during3
let me say to3
every one of them3
the capital of a3
national banks is per3
states treasury in gold3
material out of which3
for the war by3
it becomes evident that3
on the business of3
it at his bank3
it has been in3
to discuss the subject3
loans to allies and3
of all the business3
war cost out of3
that it is a3
in the spring of3
say to you that3
i can tell you3
the financial and banking3
to the number of3
of the polish mark3
it does seem to3
to read it to3
of the money of3
bonds or other securities3
of the several commercial3
to do with the3
consent of the treasury3
in this country in3
in which they are3
hundred pounds of corn3
i want to thank3
of the president of3
managers of the state3
will have to pay3
complete financial and banking3
purposes of the war3
of a bank for3
through the clearing houses3
in the state of3
could demand payment the3
profits as in their3
its ability to meet3
of the stock of3
second united states bank3
as they are in3
is practically the same3
be left to the3
commercial zone where the3
if he had sold3
the benefit of all3
been done in the3
take the place of3
in the money market3
be used as a3
i do not see3
discounted it at his3
in consequence of the3
but gold and silver3
not seem to have3
connection i want to3
of our war finance3
year before the panic3
anything is measured by3
it necessary for the3
to get to work3
drove out of circulation3
established in this country3
to finance the war3
goods of any kind3
it is stated upon3
credit in the form3
the very nature of3
so paid over to3
that if the banks3
a new social order3
for the investment of3
deposits shall be invested3
of the man who3
the use of it3
to carry into effect3
when the national banking3
have been done in3
the form of notes3
court of the united3
in gold coin or3
war with the cannibals3
to the creation of3
the difference between these3
lent to our allies3
to the issue department3
been one of the3
is also to be3
to be allowed to3
reserve fund of the3
i think we should3
have the power to3
is only another form3
that there have been3
is essential to the3
the effects of monopoly3
education of the public3
to think that this3
in lieu of cash3
he would tell you3
the expenses of whatsoever3
is all there is3
per cent of this3
of the cyanide process3
the local associations shall3
be kept out of3
supervision and control of3
of the act was3
nature of the case3
and the general welfare3
point out that it3
half their face value3
is theoretically possible that3
the establishment of the3
half of the net3
for a long period3
we all agree that3
cent united states bonds3
the check of the3
that there would be3
an extent as to3
in this country of3
any more than a3
gold and gold certificates3
as far as the3
the entire commercial world3
it was enacted that3
that we have to3
the clearing house and3
what we ought to3
of this country to3
it may be drawn3
to be under the3
the state where such3
to the form of3
but you must remember3
it is possible for3
three times the gold3
issue of legal tender3
by the business community3
and belongs to the3
the ratio between gold3
levy on capital have3
be used for the3
tightening up the companies3
am fully aware that3
during the war by3
of the banking world3
much greater extent than3
corresponding amount of gold3
commercial zone will be3
position as a creditor3
may be argued that3
some form of credit3
in a sort of3
in this way we3
could be bought and3
treasury in gold coin3
the free use of3
that they ought to3
return to the old3
the commercial ratio between3
of money in the3
journal of the convention3
will have to face3
elected by the representatives3
anything that may be3
of the government in3
that there was no3
the interest and principal3
that the people who3
the benefit of my3
of confidence and trust3
clearing house in new3
it not a fact3
substitute one credit for3
is the question of3
and all of the3
not a central bank3
as prescribed in section3
it was not the3
share of the burden3
will any one say3
during the last twenty3
millions in a full3
by a breach of3
of gold at the3
is the cause of3
only cents on the3
habits of the people3
we are able to3
to think of it3
relative or market value3
the amount of reserves3
bank of england has3
has not yet been3
part of the people3
right to have money3
have been organized in3
in response to the3
national banks the power3
the right way to3
that the supply of3
fund to redeem the3
by any state association3
money of the constitution3
shall be known as3
a clearing house certificate3
pork and beans to3
the payment of the3
is what it says3
is precisely the same3
of all sorts of3
the banks had to3
goods and services that3
and i am sure3
the principles upon which3
in relation to the3
any national bank desiring3
one of the largest3
those who have to3
the average farm price3
should be for a3
national bank desiring to3
the government during the3
this is true because3
in place of another3
in payment for goods3
for the second offense3
amount of notes in3
one of the three3
the same as that3
in the purchasing power3
a much greater extent3
on the side of3
as it can be3
each commercial zone should3
credit for another credit3
as a creditor country3
of which there are3
that the individual banks3
to be an honest3
circulation the higher priced3
the supply of money3
in order to get3
on the shoulders of3
and it is up3
manager of the boston3
as well as in3
to secure the payment3
only be created by3
the early days the3
currency in the world3
the government should be3
the poorer money always3
the national banks have3
if at any time3
the events of the3
representatives of the local3
the total number of3
no loans shall be3
the average cash reserves3
billion two hundred million3
venture to think that3
gold to and from3
of silver would purchase3
reserve to meet the3
that it is by3
value of the shares3
the place of the3
want to read it3
is taken from the3
and so we have3
whole cost of the3
united states notes was3
in united states government3
it is at present3
purchase one ounce of3
as i understand the3
and that is that3
executive committee of the3
a few years ago3
stupidly along the line3
officio be a member3
should carry their own3
in the right way3
shall pay a tax3
to say that it3
this central gold reserve3
expenses of whatsoever kind3
into the division of3
of land credit banks3
the real meaning of3
about the same time3
the commercial zone in3
the flag of our3
to enable him to3
of the business of3
after the panic of3
we are compelled to3
other instruments of credit3
taxation and state services3
tell you now that3
part of the banking3
figures of the past3
that a clearing house3
in the national bank3
be one of the3
the charge of receivers3
the will of the3
is interesting to note3
me one shilling five3
plan and plot exposed3
prosecution of the war3
and a corresponding amount3
precisely the same position3
an appeal to the3
in the bullion report3
claim upon the product3
the depositors in the3
the circumstances under which3
it is only necessary3
depositors in the national3
to turn out the3
the habits of the3
done to gold to3
year in and year3
from the clearing house3
securities of the united3
our financial and banking3
burden of the war3
to see that the3
hereby authorized and empowered3
depreciation in the buying3
to the destruction of3
because it is the3
take my word for3
a tender in payment3
power to tax the3
to one hundred and3
average deposits during the3
is a matter which3
the banks of that3
the preceding calendar six3
put into the hands3
the adoption of this3
would purchase one ounce3
if this be so3
in proportion to the3
the managers of the3
demands for higher wages3
low rate of interest3
so created by the3
as a financial centre3
person to person and3
it may be argued3
those early days of3
auditor as a part3
he was able to3
when the rate of3
amount of legal tender3
on an even keel3
we are to have3
when you consider the3
every one that was3
the same relation to3
to pay the expenses3
the use of credit3
demand payment the same3
upon our statute books3
in a general way3
sake of the argument3
and a half times3
as the basis of3
not been a single3
the state of the3
and as cheaply as3
greater or less degree3
a complete financial and3
that it will be3
in the absence of3
the principle of a3
that it is only3
is measured by the3
kept as good as3
so far as we3
it is also known3
of the currency shall3
during the last ten3
money ought to be3
of deposits in the3
that it will have3
and our loans to3
as far as i3
the local associations in3
and the rate of3
of what is called3
cannot be expected to3
as that of the3
bear interest at the3
some time or other3
kind of currency would3
transportation and distribution of3
just as we have3
whatever to do with3
my word for it3
the forces of nature3
but as soon as3
as soon as they3
not be possible to3
it is advisable to3
to believe that the3
board of control in3
in a position where3
from a commercial point3
is a measure of3
are paid in full3
in the language of3
all the liabilities of3
at ninety days sight3
it must be admitted3
the banking business of3
shall be made by3
the term of office3
much as the right3
about one billion dollars3
would have been that3
constitution of the united3
the effects of the3
at the clearing houses3
what may be called3
as you have just3
the machinery of finance3
in the terms of3
but as no one3
the issue of foreign3
if there is a3
the functions of money3
meet the requirements of3
do not see how3
in the evolution of3
the issue of notes3
history of the country3
the journal of the3
or a total of3
where the failed bank3
be currently redeemed in3
of the means of3
consent and approval of3
up to the end3
had been in operation3
of indiana and the3
the bank would have3
issue of foreign securities3
exceed three times the3
and i must say3
that the question of3
to be a great3
was only per cent3
a right currency system3
part of the population3
of the country were3
and bank note credits3
from one end of3
early years of the3
as an illustration of3
the reserve fund is3
the division of the3
to exchange checks with3
completion of the organization3
issue of currency notes3
do you know that3
in and day out3
free use of it3
social order of things3
a thing of the3
you will find that3
fund of the united3
or if they are3
ex officio members of3
one credit for another3
the consent and approval3
long each group shall3
the rest of us3
it ought to have3
the purpose of organizing3
the holders of the3
in order to save3
neglect of local interests3
the whole of our3
marks cost me one3
at such a time3
very much to be3
as it is to3
actual defiance of law3
is not difficult to3
the form of united3
it is no more3
so small as to3
directors of the bank3
banks have failed since3
to by the united3
they are not money3
if we hope to3
is that which is3
that with regard to3
the cost of living3
may be that the3
shall be fixed by3
can be found anywhere3
average farm price of3
will anybody deny that3
a ship or a3
credit of the bank3
bank book credit and3
would at once be3
of the same year3
fact that there is3
effect on the market3
part of its required3
may sue and be3
there need have been3
i think there is3
uncle sam over there3
as money which had3
congress had no power3
at their face value3
be paid out of3
a reform of the3
it is plain that3
during the preceding calendar3
that those who are3
as a general rule3
the suffolk bank system3
in exchange for goods3
the medium of exchange3
the net profits so3
and the rest of3
shareholders of the several3
power in the hands3
by a state bank3
use of bank notes3
gave the check to3
the whole cost of3
necessary at any time3
any part of the3
of new buying power3
of their face value3
united states in were3
business of paying for3
bank notes outstanding were3
has been shown to3
of the banks to3
by tightening up the3
it is estimated that3
amount equal to per3
it looks as though3
be an honest and3
of our banking resources3
uniform standard of payment3
at the close of3
power to act in3
we came to the3
national bank accepting savings3
one will deny that3
all members of the3
one by one the3
a commercial point of3
their judgment seems wise3
interests of the united3
of bank credit currency3
the largest amount outstanding3
portion of the wealth3
of the aldrich scheme3
the conscription of wealth3
to the comptroller of3
can only be created3
united states auditor as3
that the owners of3
in their judgment seems3
he had sold them3
the clearing house was3
of banking in the3
to substitute one credit3
if we are wise3
your attention to another3
on the fact that3
bank in the world3
the power to do3
bills of credit to3
in our banking resources3
after the first day3
become a part of3
to accomplish this purpose3
as soon as it3
convenience of the people3
payment of all debts3
finance might have been3
the fiscal agent of3
currency in the shape3
during the french revolution3
the holder of the3
the stock of the3
for a period of3
per cent of that3
commercial nations of the3
agent of the united3
in the issue department3
and has been for3
any thing to sell3
if it is not3
is our duty to3
constitute all the money3
said association and its3
up the companies acts3
have to remember that3
one thousand million dollars3
of directors of said3
in new england before3
each group shall serve3
of the cash balance3
one of the very3
that the bank of3
fixed ratio of gold3
to the chancellor of3
not exceed three times3
centum of its average3
in the use of3
it had not been3
twenty local associations in3
the stock of a3
the payment of all3
end of the country3
london as a financial3
extent of a single3
called national reserve association3
may carry the balance3
must be kept as3
to existing shareholders at3
a discount rate for3
united states notes to3
we do not know3
number of people who3
the gold standard was3
the part of those3
its proper share of3
credit as well as3
bills of credit by3
same relation to the3
and be sued in3
and the result of3
is based upon the3
be deposited with the3
to meet any emergency3
the bank note currency3
in the business world3
and it seems to3
that is absolutely true3
a note issue business3
the law of gravitation3
be held as reserves3
in some form of3
because it is a3
cans of pork and3
why they should not3
the defence of the3
the resolutions of the3
live on fixed incomes3
or in the form3
an enormous mass of3
treasury notes to the3
in the same position3
have had to be3
effects of monopoly without3
board of directors may3
per cent united states3
these mutual savings banks3
banks of this country3
bank an amount of3
and that it was3
the creation of credits3
banks in each district3
the association passed a3
the american clearing house3
we shall soon see3
shall have the power3
that in the matter3
paper or bills of3
is the object of3
it is a crime3
new social order of3
use on the island3
very much the same3
largest amount outstanding at3
for the redemption of3
but that is all3
preceding calendar six months3
it must be apparent3
in such a way3
principle is the same3
the same as the3
the gold out of3
our money is gold3
association passed a resolution3
for goods and services3
a piece of metal3
marks of degraded status3
the great commercial nations3
the story of the3
as it is at3
to a very large3
shall be seven years3
some kind of a3
of issuing paper money3
the volume of the3
year after the panic3
appointed by the president3
a piece of gold3
not think there is3
has not been a3
when it comes to3
policy during the war3
will not be possible3
the demand for it3
the effect of the3
in proportion to their3
payment the same day3
your attention to what3
of the number of3
when you recall the3
and ought to be3
on what is called3
that i have been3
was to be made3
shall be constituted as3
of the war the3
goods and services in3
of anything is measured3
but in the case3
of the whole matter3
those issued upon the3
is just what we3
average cash reserves of3
of the bank to3
the rates of interest3
just as much a3
at the time and3
england became a free3
a great number of3
is the right to3
feature of the banking3
must be admitted that3
supply of legal tender3
on the island had3
as the volume of3
that the national government3
by reason of the3
we have not yet3
granted upon real estate3
the question of a3
bank notes for the3
might have been saved3
the ignorance of the3
the creation of capital3
it is necessary to3
that the result of3
is a question of3
book credits and bank3
i think we all3
the fact that if3
bank of new york3
commercial paper or bills3
at a time of3
the uniform and universal3
the banks in new3
or bill of exchange3
loans made by the3
how long each group3
of the government of3
many shares they hold3
the chain of credit3
financial centres of the3
to arise on its3
but in view of3
that there is one3
than it was before3
carry a cash reserve3
on a silver basis3
must be remembered that3
a great many people3
that the use of3
messrs bechhofer and reckitt3
deeply impressed with the3
money to pay for3
money always drives out3
national bank shall have3
an equal amount of3
the amount of bullion3
was paid for by3
the author of the3
by which we are3
to make the best3
and i think it3
as we go along3
of the total banking3
of the boston clearing3
there is a demand3
in the third place3
four hundred and fifty3
amount of deposits in3
parted last wednesday night3
state land credit association3
no relation to the3
came to the conclusion3
has been for the3
we all agreed that3
phase of this question3
that it can get3
be constituted as follows3
governor of the bank3
part of its surplus3
reserve bank fund shall3
of war loan scrip3
an army on a3
if it had been3
to be the case3
the united states for3
i would not want3
to get back to3
in any one of3
by the national government3
bank notes taken out3
the action of the3
far as it is3
emit bills on the3
taken over by the3