An Examination of the Report of the Joint Stock Bank Committee, &C. &C
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| Partner: | buecher.de |
| Hersteller: | Forgotten Books (Joplin, T.) |
| Stand: | 2015-08-04 03:50:33 |
Produktbeschreibung
Excerpt from An Examination of the Report of the Joint Stock Bank Committee, &C. &C: To Which Is Added an Account of the Late Pressure in the Money Market, and Embarrassment of the Northern and Central Bank of England It is the opinion of well informed persons, and I believe a perfectly correct one, that the private Bankers of England were never more respectable, prudent, and trustworthy than at present. But this has not been attained without a very expensive process of purification. Since 1780, previous to which time we have no distinct record of the failures of Bankers, we may reckon, in addition to a considerable number of compositions, about four hundred bankruptcies, eighty of which occurred in the years 1825 and 1826. Each of these operated like the eruption of a volcano, in the town and neighbourhood in which it occurred: producing the ruin and embarrassment of hundreds. But this was not the only inconvenience. Besides issuing their promisory notes payable on demand, Banks are places of deposit to a great extent of the surplus money of individuals, great part of which they also promise to repay when demanded. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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