May 4, 1867. N. 1236.

The Economist, 4. Mai 1867. S. 493.
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State of the Money Market.  Zusatz von Marx.
(The Savings and Trade)

Exports for the 3 months ending 31 March: 1866: £46,991,165. 1867: 42,381,621l. Diminution: £.4,609,544

Imports for the 2 months ending 28. February: 1866: £.26,457,723. 1867: 24,281,048. Diminution 2,176,675.

These diminutions are small, but a long experience shows that an augmenting trade is necessary to a stable money market, and that whenever trade goes down, even ever so little, the value of money is sure to be low. The reason is that the savings of the country accumulate day by day, and unlet unless some new outlet is found for them, an accumulation of loanable capital and a reduction in the rate of interest is inevitable. Ferner: now-a[-]days bills are scrutinised with extreme accuracy, with more nervous caution than almost ever before, and consequently the „effectual demand“ is less than usual.

The Economist, 4. Mai 1867. S. 495/496.
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The Metropolitan Gas Bill

Every monopoly must, as such, be under public regulation, or it may hurt the public. Incomparably the best system in such a case where it can be applied, is that the State should be itself the producer. This system has been applied in Manchester and other towns to the supply of gas. The municipality manufactures, and if it manufactures ill its members can be unseated, and others who will do better put in. But at present, in Manchester, it manufactures very well.


  • 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