29 December 1866. N. 1218.

Aus:
The Economist, 29. Dezember 1866. S. 1519/1520.
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Paris Correspondence.

The Banque Enquete. (Report of M. de Lavenay, Commissioner General in the Bank inquiry, viz. who conducted the investigation)

Decides (der Report) für Monopol der Bank o. France, no essential changes in its organisation to be introduced. 75 oral depositions heard und written depositions sent in by 65 French, and 10 Foreign Chambers of Commerce; also by 16 French, and 20 foreign merchants, bankers, or economists. Majority of witnesses established that there was a monetary crisis in 1863 and 1864, a fact disputed by some authorities, and that it was caused by the export of specie to buy cotton and silk, and by the large investments in industrial enterprises and foreign loans. Notes ought to be equal to metallic money. How was that condition to be fulfilled? By not exceeding the wants of the currency. How ascertaining the true limit thereof? By rendering the notes constantly convertible, in which case, if too many were sent out, they would be presented for payment.

Relative to the organisation of the B. o. France, the majority of the witnesses were of opinion that the elastic power it possessed of issuing notes (meaning thereby the absence of any restrictions beyond what prudence should demand,) was much preferable to the inflexible limit imposed upon the Bank of England.


Nov. 23. 1867. N. 1265.

Aus:
The Economist, 23. November 1867. S. 1324/1325.
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Necessities from Improved Statistics of the Supply, Consumption und Stocks of Cotton in this Country.

leztens(?) falsche Angaben der Cotton Brokers’ Association at Liverpool, haben a close monopoly over trade, and maintain it by the usual expedients. Of late years oft excess of the actual over the estimated quantities in bond. Ausserdem cotton trade has outgrown even the progress of Liverpool. London is rapidly becoming a considerable port in the cotton trade – especially as regards arrivals and stocks.


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