The Meaning of Money
The Meaning of Money
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In our eReader you can find the full English version of the book. Read The Meaning of Money 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 The Meaning of Money
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Having thus, for the sake of being perspicuous, classified and distinguished the three kinds of dealers in bills, we may proceed to eliminate the real bill-broker, the almost obsolete dealer on com- mission, and to apply the term bill-broker to the two classes who have grown out of him and are still called by his name, in accordance with the con- sistently illogical manner in which the City applies titles and descriptions.
As we have seen, the distinction between the other two classes is solely... one of degree, the degree being the extent to which they hold bills perma- nently, and depend for financing their operations on credit obtained from the banks. At the head of the body stand some few private firms of old stand- ing, great wealth and first-rate credit, side by side with two big companies which have applied the joint-stock system with considerable success to the business of dealing in bills, and an old firm which has now been joint-stocked, but whose capital is held privately and in few hands.
What to read after The Meaning of Money?
You can find similar books in the "Read Also" column, or choose other free books by Withers Hartley to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Having thus, for the sake of being perspicuous, classified and distinguished the three kinds of dealers in bills, we may proceed to eliminate the real bill-broker, the almost obsolete dealer on com- mission, and to apply the term bill-broker to the two classes who have grown out of him and are still called by his name, in accordance with the con- sistently illogical manner in which the City applies titles and descriptions.
As we have seen, the distinction between the other two classes is solely... one of degree, the degree being the extent to which they hold bills perma- nently, and depend for financing their operations on credit obtained from the banks. At the head of the body stand some few private firms of old stand- ing, great wealth and first-rate credit, side by side with two big companies which have applied the joint-stock system with considerable success to the business of dealing in bills, and an old firm which has now been joint-stocked, but whose capital is held privately and in few hands.
What to read after The Meaning of Money?
You can find similar books in the "Read Also" column, or choose other free books by Withers Hartley to read onlineMoreLess
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