Fifty Years Hence, Or, What May Be in 1943 : a Prophecy Supposed to Be Based On Scientific Deductions By An Improved Graphical Method

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The wise action of the Bank of England, in connection with other monetary institutions, in averting a financial crash in November, 1890, by coming to the rescue of Baring Brothers with 155,000,000, began most auspiciously an emi- nently successful era of mutual help. Every FIFTY YEARS HENCE. 69 bank is guaranteed by Government, and the notes of any bank in any one Government are good in any country on the globe; the various Governments having treaties to the effect that each shall guarantee to ...the common banking fund a certain percentage of its revenues, and the amount of money issued in each country being in proportion to the net revenue of the year preceding.
All currency is decimal, and uniform over the whole civilized globe, greatly facilitating travel and commerce.
By an ingenious system the great clearing- hjouses of each country are united in a National Clearing-house which serves weekly for all those in each city the same purpose as the local establishments do daily for the banks which are members thereof.


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