29

March 3. 1866. N. 1175.

Aus:
The Economist, 3. März 1866. S. 253/254.
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Board of Trade Returns.

Shipments of British goods and Produce.
£. St.
1863 146,602,342
1864 160,449,053
1865 165,862,402
Also: Increase is our exports in 1865 gegen 1864 of £5,413,349
gegen 1863 of 19,260,060.
Increase or Decrease in export of some articles 1865 and 1864.
Articles. 1864 1865. Increase. Decrease.
£. £. £. £.
Worsted stuffs (pure wool and mixed.[)] 10,800,521 13,321,855 2,521,334
Arms (small fire) 348,850 425,857 49,027
Beer and ale 1,841,637 2,060,369 218,732
Coals 4,165,773 4,431,492 265,719
Cotton yarn 9,083,239 10,351,049 1,267,810
(Manufactures. piece goods[)] 43,917,471 44,860,239 942,768
(Thread[)] 794,597 753,438 41,159
Earthenware et porcelain 1,422,014 1,442,934 20,920
Haberdashery and milinery 4,797,552 5,013,757 216,205
Leather, wrought, boots, shoes 1,484,421 4,334,273 220,566
Linen yarn 2,991,969 1,462,309 22,112
Linen manufactures. Piece goods 7,607,502 2,505,497 486,472
   Thread 492,194 558,865 916,463
Machinery – Steam Engines 1,617,117 1,952,658 335,541
Machinery Other sorts 3,231,475 3,260,872 29,397
Metals – Iron, pig et puddled. 1,412,352 1,591,063 178,711
      Bar etc 2,568,049 2,213,123 354,926
      Railroad 3,305,086 3,541,296 236,210
      Castings 670,111 771,124 101,013
      Hoop, sheet 1,776,652 1,597,604 179,048
      Wrought 2,257,406 2,494,371 236,965
   Steel. unwrought 890,395 779,487 110,908
   Copper. unwrought 586,147 496,957 89,190
      Wrought 2,912,137 2,290,850 621,287
   Lead. Pig 779,174 582,569 196,605
Tin. Wrought. 482,147 499,401 17,254
   Plates. 1,263,246 1,482,766 219,520
Paper. 425,257 351,233 74,024
Silk. Thrown. 568,781 474,957 93,824
   Silk Manufactures 1,460,520 1,409,221 257,253
Wool (Sheep and lambs) 673,446 901,659 228,213
Woolen and Worsted. Yarns. 5,417,377 5,424,047 6,670
   Woolen Manufact. Cloths 4,533,519 4,062,382 471,137
   Flannels 554,543 431,955 122,588
   Blankets 797,023 613,115 183,908
      Carpets and druggets 861,499 861,564 65. |
30
 Die Nummerierung und die Anordnung der Länder in absteigender Folge von Marx.
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Value of British exports to different countries. 1864 et 1865

£ £ £ £
1864 1865 Increase Decrease
1) India. 19,951,637 18,254,570 1,697,067
2) Un. States 16,708,505 21,235,790 4,527,285
3) Hanse Towns 13,418,826 15,091,313 1,672,547
4) Australia 11,857,213 13,352,357 1,495,144
5) France 8,187,361 9,034,883 847,522
6) Holland 6,884,937 8,111,022 1,226,085
7) Brazil 6,249,260 5,668,089 581,171
8) Egypt 6,051,680 5,985,087 66,595
9) Turkey, Europe 4,481,222 4,931,742 50,520
10) Asia Minor 1,070,827 695,377 375,450
11) Syria, Palestine 1,366,608 1,339,665 26,943
13) British Nth. America 5,595,591 4,705,079 890,512
12) Italy 5,597,496 5,376,886 220,610
14) China (ohne Hong Kong) 3,092,611 3,609,301 516,690
15) Spain 3,084,778 2,249,822 834,956
16) Cuba und Portrico 3,002,025 2,207,511 794,514
17) Russia 2,846,409 2,921,496 75,087
18) Brit. West India 2,649,539 1,945,466 704,073
19) Belgium 2,301,291 2,921,300 620,109
20) New Granada 2,058,843 2,372,497 913,654
21) Cape of Good Hope 1,814,319 1,454,540 359,779
22) Mexico 1,809,753 1,898,056 88,303
23) Argentine Confederation 1,757,457 1,951,048 193,591
24) Chili 1,683,580 1,603,753 581,171
25) Hong Kong 1,618,867 1,561,851 57,016
26) Foreign Westindies 1,370,941 1,157,960 212,981
27) Peru 1,361,692 1,193,335 138,357
28) Gibraltar 1,206,168 1,116,659 189,509
29) Singapore und Eastern Straits 1,181,680 1,442,450 260,770
30) Denmark (incl. Iceland) 1,152,767 1,263,953 111,186
31) Prussia 1,134,399 2,102,714 968,315
32) Channel Islands 1,015,985 752,048 263,937
33) Dutch India (Java etc) 796,850 928,642 131,792
35) Brit. Guiana 795,831 740,553 55,278
33) Uruguay 993,951 813,448 180,503
36) Ilberia, Croatia, Dalmatia 792,119 725,789 66,330
37) Norway 772,095 677,458 94,637
38) Philippine Islands 765,719 945,624 179,905
39) Malta et Gozo 753,113 633,887 119,226
40) Sweden 731,294 900,959 169,665
41) Ceylon 826,333 685,308 141,025
42) Bermudas 657,045 62,659 594,386
43) Mauritius 655,852 596,848 59,004
44) Hanover 689,978 399,933 290,045
45) Japan 627,383 1,520,895 893,512
46) Western Africa (Foreign) 565,962 642,467 76,505
47) Greece (ohne Ionian islands) 433,887 583,253 149,366
48) Natal 427,885 223,420 254,465
49) Venezuela 482,988 387,032 95,956
50) Ionian islands (from 1st June) 310,084 437,236 127,152
51) Western Africa (Brit.) 272,896 403,383 130,487
52) Belize (Brit. Honduras) 204,625 160,445 41,180
Aus:
The Economist, 3. März 1866. S. 254–256.
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James Rothschild Evidence (Continuatio)

J. Rothschild: „It is precisely those  Gemeint sind die Goldfunde in Australien seit 1851.
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discoveries
which came to our relief. But for them, we should not have been able to do what we have done. There has been a substitution of Australian gold, new or native gold, in place of the specie which we have sent to China or to India, and which will be long before it returns, if it ever does return. … There was a moment when I trembled for a crisis in Germany, because silver had |31 disappeared: so much had been bought to send to China and India; it had become so scarce at Hamburg, Frankfurt, and in many other towns of Germany, where silver is the only circulating medium, as in China and India, that we knew not what to do. Silver was for a time at from 30 to 40f. premium per mille.[“]

President: Do you not think that the corrective of foreign investments, loans, railways etc. is to be found in commercial operations themselves, and that, f.i., a nation which borrows in the French market 300 or 400 millions, does not withdraw them entirely, but employs a part to pay for goods paid there?

J. Rothschild: Yes. 7/8 or 15/16 are employed in buying goods – locomotives f.i; it is impossible to say how many we send abroad. I speak from experience.

Michel Chevalier: If at a given moment there is a tendency among traders to export gold and silver, why should the Bank oppose it by any measures whatever? It does not trouble the export of wheat and wine, why should it trouble the export of gold?

J. Rothschild. Everybody has the right to defend himself, and if the Bank finds that too much gold and silver is being exported, and may consequently fear that in case the reimbursement of its notes should be demanded, it could not make it, – it is its duty to say: I will reduce my discount … so as to be in a situation to re-imburse my notes. … The raising of interest makes the rarity of money. Leave the interest of money at its ordinary rate, at a moderate rate, nobody is disquieted, nobody takes precautions; whereas the raising of interest always causes something unpleasant to be feared. I, f.e., am seated at my desk; I receive a letter from Alexandria, „Send me a million in 5f. pieces.“ The discount is at 4%, I see no danger. I can send the money. But if the discount of the Bank be raised, I say to myself: „I must take precautions“, and I do not send the money. Knowing that I shall have payments to make at such and such an epoch, and not knowing that money will not be still rarer at that moment, I keep my funds, and I renounce a profit of 3 or 4%, rather than send my money.

M. Chevalier: But if the sum be due, you cannot avoid paying it; even if the discount should be 12 or 15%, the money must be sent.

J. Rothschild. No doubt; but I put the hypothesis that I owe nothing.

President. Then you consider the raising of the discount as not being able to paralyse forced and obligatory operations, but … as preventing supplementary exportations, which would be the consequence either of too great security, or of too great facility in undertaking new operations.

Aus:
The Economist, 3. März 1866. S. 260.
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Rates of Discount (this week) in the chief continental cities:

Bankrate % Open Market %
Paris 4 33/4
Vienna 5 5
Berlin 6 6
Frankfurt 4 4
Amsterdam 6 6
Brussels 4 4
Madrid 9 Uncertain
Hamburg 31/2
St. Petersburg 6 53/4 – 6. |

19 January, 1867. N. 1221.

Aus:
The Economist, 19. Januar 1867. S. 58.
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The Danger of mixing up Acceptances and Deposits in the Banking Accounts.

Suppose the liabilities of a Bank, viz. deposits and acceptances together, have, at 31st Dec. 1866, fallen off, say 3,000,000l., as compared with June, 1866. The Bank may have shortened sail, and reduced its acceptances, or lost public confidence, so that public has reduced its deposits. While the accounts are put together no human being can tell which. The chairman of one bank has defended the combination of these distinct liabilities, upon the ground that it was not desirable, that the source of the bank’s profit should be revealed.

Aus:
The Economist, 19. Januar 1867. S. 60–62.
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Letters of Creed and Williams on the danger of foreign competition in the iron trade and the subsidiary branches of industry.

Aus:
The Economist, 19. Januar 1867. S. 62/63.
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Government Notes“ by R. Slater.  Zusatz von Marx.
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(Mintnotes) (Bullion notes)

Hat gezeigt, in a pamphlet, December 1857, from actual commercial transactions reduced to the scale of one million, that gold entered only to about 3% of the whole, banknotes 8%, bills of exchanged exchange to 53%, cheques to 36% of the actual circulation. Let the Mint, or some public body, be the recipient of standard gold, and issue its certificates for its value at 3l. 17s. 101/2d. per oz. These certificates, or notes against bullion, will circulate over the whole of Europe, without the necessity of exporting bullion. But above all, that bullion will belong to the people in whom the capital of the country is really invested, will be distributed amongst them, and not be concentrated in the hands of the Bank.



Inhalt:

  • London. 1868.
  • 1866 „The Economist“ (Jahrgang 1866) vol. XXIV.
  • The Social Economist, 1. Oktober 1868
  • „The Economist“ (Jahrgang 1866) (Fortsetzung)
  • Jahrgang 1867.
  • Register der obigen Auszüge aus dem Economist für 1866 und 1867.
  • The „Money Market Review“. Jahrgang 1866.
  • The Money Market Review. Jahrgang 1867.
  • Register Money Market Review Jahrgänge 1866 und 1867