Lombard Street, a Description of the Money Market
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In our eReader you can find the full English version of the book. Read Lombard Street, a Description of the Money Market Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Lombard Street, a Description of the Money Market
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To quickly assess the difficulty of the text, read a short excerpt:
There has 'probably very rarely ever been so happy a position as that of a London private banker ; and never perhaps a happier.
It is painful to have to doubt of the continuance of such a class, and yet, I fear, we must doubt of it.
The evidence of figures is against it. In i8iothere were 40 private banks in Lombard Street admitted to the Clearing-house ; there now are only 13.* Though the business] of banking ,has increased so much since 18 10, this species of banks is fewer in number than it ...was then. Nor is this* the worst.
The race is not renewed. There are not many recognised impossibilities in business, but every- body admits " that you cannot found a new private bank." No such has been founded in London, or, as far as I know, in the country, for many years.
The old ones merge or die, and so the number is lessened ; but no new ones begin so as to increase that number again.
The truth is that the circumstances which originally favoured the establishment of private banks have now almost passed away.
What to read after Lombard Street, a Description of the Money Market?
You can find similar books in the "Read Also" column, or choose other free books by Bagehot Walter to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
There has 'probably very rarely ever been so happy a position as that of a London private banker ; and never perhaps a happier.
It is painful to have to doubt of the continuance of such a class, and yet, I fear, we must doubt of it.
The evidence of figures is against it. In i8iothere were 40 private banks in Lombard Street admitted to the Clearing-house ; there now are only 13.* Though the business] of banking ,has increased so much since 18 10, this species of banks is fewer in number than it ...was then. Nor is this* the worst.
The race is not renewed. There are not many recognised impossibilities in business, but every- body admits " that you cannot found a new private bank." No such has been founded in London, or, as far as I know, in the country, for many years.
The old ones merge or die, and so the number is lessened ; but no new ones begin so as to increase that number again.
The truth is that the circumstances which originally favoured the establishment of private banks have now almost passed away.
What to read after Lombard Street, a Description of the Money Market?
You can find similar books in the "Read Also" column, or choose other free books by Bagehot Walter to read onlineMoreLess
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