240

INDEX

Land banking, 12%, 129-131.
Lending operations, 14, 15; intermediary
nature of, 79-81; creation of funds
loaned, 82, 83; inconsistent views, 83-87;
 Hare’s better understanding, 87-89;
 present-day discussion, go, or;
farmers not benefited, 92, 93; encourage
 speculation, 93-95; selection
of borrowers, 95-97; length of loans,
171-174; accommodation loans, 175-179;
 bills versus notes, 179-181; interbank
 loans, 181, 182; call loans, 182.
218-220; relations to crises, 209-211
Lord, E., 6o, 140, 147, 174, 103.
Lowell, J. A., 64.

Opdyke, G., 120.
Overstone, Lord, 114.

Paine, T., 50, So.
Peabody, A. P., 194, 195.
Periodicity of crises, 192, 193.
Phillips, C. A., 121, 122.
Phillips, W., 190, 191, 198.
Prices, influence of banking upon, Ch.
VI, 1020.
Psychology and the business cycle, 191.
Quantity theory, 28, 29, 34, 33, 51, 52,
66.

Rae, J., 15, 43, 81.
Raguet, C., 1on., 35, 41, 42, 73 andn.,
86, 90, 110, 137, 118, 132, 177, 150,
200, 201, 2006.
Raymond, D., 52, 82, 83, 94, 114, 115,
140, 160.
Reserves, legal regulation of, 152-155;
centralization of, 154, 155; at New
York, 211-218.

M’Duffie, G., Report of, 57 n.
MacLeod, H. D., 119 n., 120.
McVickar, J., a1, 147, 174.
Morris, G., 23.
Morris, R., 23, 50.

National bank, 164-167.
New York, as a financial center, Ch.
XVII.
Niles’ Register, 19 n., 93, 163.
Note issue, importance of, 11-14; inflationist
 notions, 26-35; economy of,
Ch. IV; cause price fluctuations,
56, 57; convertibility and overissue,
58-63; business loans and overissue.
63-69; land as security, 127, 129-131;
bond security, 133, 146-149; banking
principle of, Ch. XII, 134-138; cur
rency principle of, 139-142; prohibition
 of smaller denominations, 142-146;
 ratio to capital, 149, 150; safetyfund,
 150, 151; regulation of re
serves, 152-155; Suffolk Bank system,
155-157; regulative taxation, 157.
Number of banks, 161-163.

Seaman, E. C., 219.
Smith, A., 33, 39, 58, 142.
Sulley, R., 89 n.
Sullivan, J., 82, 83 n., 139.

Tucker, G., 79, 153, 1604, 175, 136.
Usury laws, 182-186.
Vethake, H., 185, 202, 203.

Walker, A., 44, 45, 58, 141, 142, 195.
Walley, S. H., 188-189.
Webster, D., 12.
Webster, P., 30.
Wilkes, G. S., 115.
Witherspoon, J., 51.
Wolcott, O., 196.