 | Walter Bagehot - Banks and banking - 1873 - 382 pages
...advances in this faltering way is to incur the evil of making them without obtaining the advantage. What is wanted and what is necessary to stop a panic...they would cease to run in such a mad way for money. Either shut the Bank at once, and say it will not lend more than it commonly lends, or lend freely,... | |
 | James Platt - Currency question - 1880 - 220 pages
...and usually convertible securities, the panic must become worse and worse, as no one feels secure. What is wanted, and what is necessary to stop a panic,...money may be dear, still money is to be had. If people were convinced that they could have money if they waited till they wanted it in the ordinary way of... | |
 | James Platt - Conduct of life - 1883 - 538 pages
...and usually convertible securities, the panic must become worse and worse, as no one feels secure. What is wanted, and what is necessary to stop a panic,...money may be dear, still money is to be had. If people were convinced that they could have money if they waited till they wanted it in the ordinary way of... | |
 | Walter Bagehot - English literature - 1891 - 726 pages
...advances in this faltering way is to incur the evil of making them without obtaining the advantage. What is wanted, and what is necessary to stop a panic,...they would cease to run in such a mad way for money. Either shut the Bank at once, and say it will not lend more than it commonly lends, or lend freely,... | |
 | Walter Bagehot - Banks and banking - 1897 - 378 pages
...advances in this faltering way is to incur the evil of making them without obtaining the advantage. What is wanted and what is necessary to stop a panic...had. If people could be really convinced that they oould have money if they wait a day or two, and that utter ruin is not coming, most likely they would... | |
 | Theodore Elijah Burton - Business cycles - 1902 - 422 pages
...But the way to cause alarm' is to refuse some one who has good security to offer."* He also says: " What is wanted, and what is necessary to stop a panic,...though money may be dear, still money is to be had." f This, of course, involves a reform which, though slow to come, is inevitable — namely, the abolition... | |
 | Theodore Elijah Burton - Business cycles - 1902 - 414 pages
...But the way to cause alarm is to refuse some one who has good security to offer." * He also says: " What is wanted, and what is necessary to stop a panic,...that, though money may be dear, still money is to be had."-]This, of course, involves a reform which, though slow to come, is inevitable — namely, the... | |
 | Walter Henry Hull - Banks and banking - 1907 - 628 pages
...loans should be made on all good security and as largely as the public asks. He says, "What is wanted is to diffuse the impression that though money may be dear, still money is to be had." The question when another crisis will occur presents an interesting inquiry. The answer is rendered... | |
 | Jacob Riesser - Banks and banking - 1911 - 1068 pages
...ed. 1896, p. 199: "What is wanted, and what is necessary to stop a panic is to diffuse the opinion that, though money may be dear, still money is to be had." 23. See Ernst Kritzler, Preussische Hypotheken-Aktien-Bank, Deutsche Grundschuld-Bank, Pommersche Hypotheken-Aktien-Ban... | |
 | Walter Bagehot - English literature - 1915 - 370 pages
...advances in this faltering way is to incur the evil of making them without obtaining the advantage. What is wanted and what is necessary to stop a panic...they would cease to run in such a mad way for money. Either shut the Bank at once, and say it will not lend more than it commonly lends, or lend freely,... | |
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What is wanted, and what is necessary to stop a panic, is to diffuse the impression that though money may be dear, still money is to be had : if people could be really convinced that they could have money if they wait a day or two, and that utter ruin... 
