These people should be taught that fine books, like friends, are not loanable or exchangeable chattels.
loanable funds, on a given gold reserve, are highly elastic.
Is capital abundant in England in bulk, and are its loanable rates low?
This market for short-time loans is not connected closely with the general market for loanable capital.
The sources of loanable capital and the chances of profitable investment were fewer in the past than to-day.