22 December. 1866. N. 1217.
The Economist, 22. Dezember 1866. S. 1481–1483.
Schließen
The Actual State of American Finance.
Report of McCulloch, Secretary of the Treasury. Bericht für dieß last financial year. (1866) dollar berechnet zu 4s.
Customs | Land | Direct tax | Internal Revenue | Miscellaneous | Summa | |
---|---|---|---|---|---|---|
Revenue: | £.35,809,330 | 133,066 | 394,952 | 61,845,362 | 13,423,875 | 111,605,525l. |
Civil Service | Pensions et Indians | War Department | Navy Department | Interest on Public Debt. | Summa: | |
Expenditure | 8,221,392 | 3,770,481 | 56,889,940 | 8,664,827 | 26,613,540 | 104,150,180 |
Balance: 7,456,445. |
The most unexampled fact in financial history. That a Gvt. which one year ago had no internal revenue at all, should be able to raise 60 Mill. l. is a miracle. In any other country the bare attempt would have caused a revolution.
Customs. | Land. | Direct tax | Internal revenue | Miscellaneous Sources | Summa | |
---|---|---|---|---|---|---|
Revenue: | 10,168,755 | 45,699 | 68,091 | 19,833,398 | 1,596,353 | 31,712,296 |
Civil Service | Pensions. | War Department | Navy | Interest on Public Debt | Summa | |
Expenditure: | 2,378,745 | 2,357,595 | 2,766,644 | 1,575,722 | 6,733,080 | 15,811,786 |
In form, it is true that 40 millions l. St. of American Public debt have been paid off since 31st August 1865, when the debt was at its maximum. But that payment was not made out of revenue, sondern from overloans which had become superfluous nach End des civil war. Die funds für reduction der debt from real excess of revenue over expenditure = 23,000,000l. … The Un. States have still the best possible land, the best mines, the best things above ground, the best things under ground, and an educated Anglo-Saxon race to make use of them all. Such means and materials for production, and such skill in making, the world has never seen together.
The Economist, 22. Dezember 1866. S. 1484/1485.
Schließen
The Liquidation of the Bank of London.
The creditors have already had 12s. in the £, which has been entirely obtained from the assets of the Bank and without calls upon shares. The Bank deposit on 22. May: £, 2,315,000l.; on the 26: they were reduced to 1,038,000l., and to meet this stiff run there were only 27,510l. of India bonds and other available assets. The facility with which the B. o. London gave their acceptances was injurious to them.
Die
bills accepted beim stoppage waren £1,218,088,
wovon 599,225£, Hälfte, unbezahlt an die Bank zurückkam. There
were no securities to meet them. Die Bank hatte auch
„financed“, i.e. taken securities of a possibly good, but certainly
difficult character. Die
Assets waren 26. May:
£.2,383,979. Davon already received: £.1,361,751. Remaining to be received: 1,022,227.
Mr. Coleman,
the liquidator, only expects to get 584,696 eventually, and irrespective of what may be The Economist: recovered
Schließen received
from the unsecured balance due by the
Atlantic
and Great Western Railway, which balance
will be represented either by shares in that undertaking or by
certificates to fall due in July, 1871. 417,226l. are dependent upon the liquidation
of the Ebbw Vale
Co., the
Imperial Mercantile Credit (Lim.)
, the
Joint Stock Discount Co
(lim.),
Barned’s Banking Co.
(Lim.), Smith, Knight and Co limited and –
Peto and Betts
Zusatz von Marx.
Schließen ! The remaining liabilities are £496,662 to meet which Mr. Coleman
estimates £. 229,224l. as likely to be extracted
during the next year from the ruins of the specified Cos. The
shareholders in the Bk. o. London will lose the capital they had in the
concern, but not more.
The Economist, 22. Dezember 1866. S. 1489/1490.
Schließen
Ownership of Landed Property in England.
(Communicated).
An English entail does not last, on an average, more than about 30 years, once in a generation the entail is usually cut off, and the estates resettled. Most deeds of entail contain powers to grant long leases, to sell for special purposes and to exchange. By far the greater part of the land in England including some of the largest estates is not entailed. Estates are |114 constantly sold in England entire, although, if a strong desire existed to obtain small portions of them for cultivation, and a higher price could thus be realised for them, they would infallibly be divided as we see to happen when a demand exists for land for building or accommodation purposes, owing to some peculiarities of situation. On the whole then it appears certain that although the effect of entails in preventing the division of estates is doubtless considerable, yet it is much less than is commonly supposed, and will not account for the phenomena before us. The number of small farmers occupying the land of others for agricultural purposes has diminished as much and as rapidly as that of small freeholders unless in a few districts where market gardening and fruit growing prevail. There a class of tenants holding small portions of land is rapidly increasing.
November 16, 1867. N. 1264.
The Economist, 16. November 1867. S. 1296/1297.
Schließen
The Economic Side of the Workhouse Inquiry.
Quite clear from the evidence already received by the Commission of Enquiry that the report des Lancet upon the Farnham Workhouse was undertoned. It is rare to meet, even in fiction, with anything quite so horrible as the little story of the sick pauper woman, roasted to death from sheer supine neglect. … wretched race of „masters“ selected to keep down masterful beggars.
The main source and reason of all the barbarities now exciting so much just indignation has been the desire to save expense, to keep the rates as far as possible „down“. Das management der workhouses is mean, aber zugleich viel waste, peculation etc. Local boards are not good managers of money, as we all know from the experience of vestries and municipalities, and local boards working through contracts are peculiarly liable to imposition and jobbery. Witnesses seem to doubt whether (in dem Farnham case) supplies paid for ever arrived. At all events it is quite clear the workhouse did not get the full benefit of its position as a great wholesale buyer.
The Economist, 16. November 1867. S. 1301.
Schließen
The Bank of England (Communicated)
A banknote is a promise to pay, a cheque is an order to pay, no analogy between them. A banknote is a transferable promise on the part of a bank to pay to bearer, on demand, a certain amount of coined gold; it circulates side by side with gold in endless succession; it liquidates debts like coin; and men in business are practically bound to accept it when in circulation. A cheque is an order to a banker to pay over a specified sum of money; it requires endorsement on being paid, nor is any one practically bound to accept it when offered to him in payment of a debt etc[.] An order to pay Notes is not the Notes themselves.
The Economist, 16. November 1867. S. 1301.
Schließen
Railways’ Cos’ Act of 1867
Zusatz von Marx.
Schließen (Auditors)
Durch seine clause 30 haben die shareholders control through the auditors und leztre responsibility they had not before. It is a striking fact that the auditors have never discovered, or at any rate disclosed, any one of the numerous cases of forgery of stock, false returns to the Board of Trade, payment of unearned dividends, charging of revenue expenses to capital, or any other of the various forms of „cooking“ accounts by which shareholders have been lured to ruin by their directors.
The Economist, 16. November 1867. S. 1301.
Schließen
Iron Production in Sweden. (1860–1866)
Production Tons. | Export to England. | Export to other countries. | Total Export. |
|
1860 | 134,700 tons. | 51,000 | 44,600 | 95,700 |
1861 | 142,600 | 32,200 | 37,100 | 69,300 |
1862 | 126,200 | 42,700 | 44,800 | 87,500 |
1863 | 123,000 | 45,600 | 45,100 | 90,700 |
1864 | 135,000 | 45,000 | 48,300 | 93,300 |
1865 | 146,100 | 43,400 | 44,500 | 87,900 |
1866 | 164,200 | 56,000 | 57,300 | 113,300 |
Inhalt:
- 17 February 1866.
N. 1173. (Fortsetzung)
-
24 February 1866. N. 1174.
-
March 3. 1866. N. 1175.
-
10th March, 1866. N. 1176.
-
March 17, 1866. N. 1177.
-
24. March 1866. N. 1178.
-
31 March 1866. N. 1179.
-
April 7. 1866. N. 1180.
-
April 14. 1866. N. 1181
-
April 21. 1866. N. 1182.
- April 28, 1866. N. 1183.
-
5 May. 1866. N. 1189.
-
12 May. 1866. N. 1185.
-
May 19, 1866. N. 1186.
-
26 May 1866. N. 1187.
-
June 2. 1866. N. 1188.
-
June 9. 1866. N. 1189.
-
June 16. 1866. N. 1190.
-
23 June. 1866. N. 1191.
- June 30. 1866. N. 1192.
-
Saturday, 7 July 1866. N. 1193.
-
July 14, 1866. N. 1194.
-
July 21. 1866. N. 1195.
-
July 28, 1866. N. 1196.
-
4 August 1866. N. 1197.
- August 11. 1866. N. 1198.
-
August 18, 1866. N. 1199.
-
August 25, 1866. N. 1200.
-
Saturday September 1, 1866.
-
8 September 1866. N. 1202.
-
September 15. 1866. N. 1203.
-
September 22, 1866. N. 1204.
-
September 29. 1866. N. 1205.
-
October 6 1866. N. 1206.
-
October 13. 1866. N. 1207.
-
Saturday. October 20. 1866. N. 1208.
-
October 27. 1866.
-
November 3. 1866. N. 1210.
-
November 10. 1866. N. 1211.
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November 17. 1866. N. 1212.
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24 November 1866. N. 1213
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1. December 1866. N. 1214.
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December 8. 1866. N. 1215.
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15 December. 1866. N. 1216.
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22 December. 1866. N. 1217.
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29 December 1866. N. 1218.
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January 5, 1867. N. 1219.
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January 12, 1867. N. 1220.
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19 January, 1867. N. 1221.
- January 26, 1867. N. 1222.
-
2 February 1867. N. 1223.
- 9 February, 1867. N. 1224.
-
16 February. 1867. N. 1225.
-
23 February 1867. N. 1226.
-
2 March 1867. N. 1227.
-
9 March, 1867. N. 1228.
-
16 March 1867. N. 1229.
- March 23, 1867. N. 1230.
-
March 30. 1867. N. 1231.
-
April 6. 1867. N. 1232.
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13 April. 1867. N. 1233.
-
20 April. 1867. N. 1234.
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27 April. 1867. N. 1235.
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May 4, 1867. N. 1236.
-
March
May
11; 1867. N. 1237.
-
May 18. 1867. N. 1238.
-
25 May, 1867. N. 1239.
-
June 1. 1867. N. 1240.
-
June 8. 1867. N. 1241.
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June 15. 1867. N. 1242.
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22 June 1867. N. 1243.
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June 29. 1867. N. 1244.
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July 6. 1867. N. 1245.
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July 13, 1867. N. 1246
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20 July 1867. N. 1247.
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July 27. 1867. N. 1248.
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3 August 1867. N. 1249.
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10 August, 1867. N. 1250.
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17 August, 1867. N. 1251.
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August 24, 1867. N. 1252.
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31 August. 1867 N. 1253.
-
September 14, 1867. N. 1255.
- 21 Sept. 1867. N. 1256.
-
September 28, 1867. N. 1257.
-
October 5, 1867. N. 1258.
-
October 12, 1867. N. 1259.
- October 19, 1867. N. 1260.
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October 26, 1867. N. 1261.
-
November 2. 1867. N. 1262.
-
9 November 1867. N. 1263.
-
November 16, 1867. N. 1264.
-
Nov. 23. 1867. N. 1265.
- 30 November, 1867. N. 1266.
- 7 December 1867. N. 1267.
-
December 21, 1867. N. 1269.
- December 28, 1867. N. 1270.
- Saturday. May 19. 1866. N. 311. Panic.
Bank o. E.
- Money Market. (Reserve of B.o.E.)
- The Recent Panic and Bank Act Suspension.
- The Panic and its Remedy.
- What to do with the Act of 1844?
- The Times and the
Panic.
- Investors Losses from „Bear“ Frights.
- The Stock Markets of the Week.
- The Limited Liability Act of 1862.
- Railways. (don’t pay)
- The Reports of the Asiatic Banking Co., and the Bank of Hindostan, China
and Japan (Limited.)
- The Economy of B.o.E. Notes. 1000£ Notes.
- Money Market. (Reserve of B.o.E.)
- May 26, 1866. N. 312.
- The Bank of England and the London Bankers in the
Panic.
-
Lord Clarendon on
the Panic.
- Transfer of Business of the Bank of London to the Consolidated Bk.
- Loss in Investments since beginning of 1866 – May
26.
- The Stock Markets of the Week.
- What is a Five-Twenty Bond? (Neue Art Convertibility for paper
currency)
- The Annual Circular of the American
Commercial Agency. (Vehmgericht)
- Act of 1844 and Bank of England.
- A Pluralist Director.
- The Directors of failed
Cos.
- The Bank of England and the London Bankers in the
Panic.
- June 2, 1866. N. 313.
- John
C.
G.
Hubbard, M.P. On the Bank Act and the
Currency. (Letter to the Times on 14 May.)
- The Theory of Panic etc.
- Board of Trade Returns.
- The Consolidated Bank
(limited)
- American Exchanges and Grain Trade.
- Pressure and securities.
- Variations between Prospectus and Articles. The
Russian Iron Works Co. (lim.)
- America. U. St. (Trade)
- Bearing.
- John
C.
G.
Hubbard, M.P. On the Bank Act and the
Currency. (Letter to the Times on 14 May.)
- July 21, 1866. N. 320.
- 28 July 1866. N. 321.
- August 4. 1866. N. 322.
- 11 August, 1866. N. 323.
- August 18. 1868. N. 324.
- 25 August, 1866. N. 325.
- 1 Sept. 1866. N. 326.
- 8 September 1866. N. 327.
- Sept. 15, 1866. N. 328.
- 22 September, 1866 N. 329.
- 29 September 1866. N. 330.
- October 6, 1866. N. 331.
- 13 October. 1866. N. 332.
- 20 October, 1866. N. 333.
- 27 October 1866. N. 334.
- 10 November. 1866. N. 336.
- 17 November 1866. N. 337.
- 24 November, 1866.
N. 338.
- December 1. 1866. N. 339.
- 8 December 1866.
N. 340.
- December 15, 1866. N. 341.
- 22 December, 1866. N. 342.
- 29 December 1866. N. 343.
-
5 January, 1867. N. 344.
-
12 January 1867. N. 345.
-
Proposed Expansive Clause in the Bank Act of
1844.
-
Evidence of John Henry Gurney
and Mr. Robert
Birnbeck
Birkbeck
before Vice-Chancellor Malins.
-
Cotton Market. Past and Present.
-
Thomson
Hankey: (formerly Governor of B.o.E.) „The Principles of Banking, its Utility
and Economy; with Remarks on
the
the Working and Management of the Bank of
England“. Lond.
1867.
-
Proposed Expansive Clause in the Bank Act of
1844.
-
19 January, 1867. N. 346.
-
26 Jan. 1867. N. 347.
-
February 2, 1867. N. 348.
-
9 February, 1867. N. 349.
-
16 February
1866
1867
. N. 350.
-
23 February 1867. N. 351.
-
2 March 1867. N. 352.
-
The Joint Stock Co’s Directory for 1867. London.
Charles Barker et Sons. 8, Birchin-lane.
-
Overends. Report of Liquidators and Report of Defence
Committee.
-
Leeman’s Bill respecting
Dealings in Bank Shares.
-
Limited Liability. High Nominal Shares.
-
London, Chatham and Dover
Railway Co.
(faux frais)
-
Plethora of money.
-
1915
on Overends.
(David Barclay
Chapman)
-
London, Chatham et
Dover
(Zusammensetzung des
Investigation Committee) (Solicitors)
(Scapegoats)
-
The Joint Stock Co’s Directory for 1867. London.
Charles Barker et Sons. 8, Birchin-lane.
-
9 March, 1867. N. 353.
-
March 16, 1867. N. 354.
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23 March. 1867. N. 355.
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30 March 1867. N. 356.
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April 6. 1867. N. 357.
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13 April 1867. N. 358.
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April 20, 1867. N. 359.
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April 27, 1867. N. 360.
-
May 4, 1867. N. 361.
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11 May 1867. N. 362.
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25 May. 1867. N. 364.
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June 8, 1867. N. 366.
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15 June. 1867. N. 367.
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22 June 1867. N. 368.
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29 June. 1867. N. 369.
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July 6. 1867. N. 370.
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July 13. 1867. N. 371.
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July 20, 1867. N. 372.
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July 27. 1867. N. 373.
August 3. 1867. N. 374.
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August 10. 1867. N. 375.
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August 17, 1867. N. 376.
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August 31, 1867. N. 378.
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14 September. 1867. N. 380.
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21 September, 1867. N. 381.
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28 September, 1867. N. 382.
-
Gold mines of Victoria. (Kitto: „The
Goldminers of Victoria.“ Lond. ’67)
Expropriation of Individual
Labour. (Property)
-
Public Debt of Russia. Consul
Michell’s
Report.
- Robert Knight: Letter to the
Right.
Right
Honourable Sir Stafford Northcote on
the Present Condition of Bombay. Lond.
1867.
-
Limited Liability Cos formed since
1865.
-
Gold mines of Victoria. (Kitto: „The
Goldminers of Victoria.“ Lond. ’67)
Expropriation of Individual
Labour. (Property)
-
5 October. 1867. N. 383.
-
Money Market Review. 12 Oct. 1867.
- 19 October 1867. N. 385.
-
October
27
26
, 1867. N. 386
-
9 November, 1867. N. 388
-
16 November 1867. N. 389.
- 23 November 1867. N. 390
-
7 December 1867. N. 392.
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21 Dec. 1867. N. 394.
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28 December 1867. N. 395.