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Though no paper money, therefore, was allowed to be issued, but for such sums as would confine it pretty much to the circulation between dealers and dealers; yet partly by discounting real bills of exchange, and partly by lending upon cash-accounts, banks and bankers might still be able to relieve the greater part of those dealers from the necessity of keeping any considerable part of their stock by them unemployed, and in ready money, for answering occasional demands.
It is undeniable that our farms, stores, offices, dry-goods, coal and groceries, enginery, cash-accounts, trades, earnings, markets, &c., should be attended to in earnest, and actively pursued, just as if they had a real and permanent existence.
This being presently complied with, though not before a glare of the Major's eyes had shown his doubt whether it might not be construed into insolence, Evan pursued: 'I came to you and informed you that I could not reconcile the cash-accounts of the Company, and that certain of the later proceedings appeared to me to jeopardize its prosperity. Your explanations did not satisfy me.
He dies, and his equals debate who is to be his successor: while the rest of them who have come in contact with him, very probably hear nothing of his great launch and final adieu till the winding up of cash-accounts; on which occasions we may augur that he is not often blessed by one or other of the two great parties who subdivide this universe. In the case of Mr. Melchisedec it was otherwise.
By its liberality in granting cash-accounts, and in discounting bills of exchange, it, no doubt, issued great quantities of its bank notes. But those bank notes being, the greater part of them, over and above what the circulation of the country could easily absorb and employ, returned upon it, in order to be exchanged for gold and silver, as fast as they were issued.
This bank was more liberal than any other had ever been, both in granting cash-accounts, and in discounting bills of exchange. With regard to the latter, it seems to have made scarce any distinction between real and circulating bills, but to have discounted all equally.
He dies, and his equals debate who is to be his successor: while the rest of them who have come in contact with him, very probably hear nothing of his great launch and final adieu till the winding up of cash-accounts; on which occasions we may augur that he is not often blessed by one or other of the two great parties who subdivide this universe. In the case of Mr. Melchisedec it was otherwise.
The agricultural journals give us from time to time the most alluring "cash-accounts" of farm-revenue, which make me regard, for a month or two thereafter, every sober-sided farmer I meet as a Rasselas, "choring" and "teaming it" in a Happy Valley; but shortly I come upon some retired citizen, turned farmer, and active member of a Horticultural Society, slipping about the doors of some "Produce and Commission Store" for his winter's stock of vegetables, butter, and fruits, and the fact impresses me doubtfully and painfully.
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