Note 58 — Chapter IV
Reading edition
This doctrine as applied to rates on call loans appears in Seligman's Principles of Economics, 1912 ed., p. 395. The peculiarities of call loans have also been discussed by C. A. Conant, Principles of Money and Banking, I, p. 171. Conant there refers to a discussion by Joseph F. Johnson, in Pol. Sci. Quarterly, Sept. 1900, p. 500. There are some very interesting distinctions between the "hire price" and the "purchase price" of money developed by J. A. Hobson, in his Gold, Prices and Wages, pp. 153 et. seq.