Aus:
The Money Market Review, 27. Oktober 1866. S. 463/464.
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Overend, Gurney et Co.  Zusatz von Marx.
Schließen (Shareholder and Creditor.)

Mr. Denton, of firm of Maynard et Co., the new solicitors of the liquidators, depreciated any delay, mentioned that, „on recently going into a conveyancing office, he had seen a deed conveying £300,000 to 3 children in consequence of enormous liabilities to Overend, Gurney et. Co.“ … The Capital of £1,500,000 raised by the shareholders, entirely gone and entirely absorbed by the creditors; to that amount they have already benefited from the fraud upon the shareholders. The legal question not between these 2 parties. The right of the creditor is against the Co. and the Co’s Assets only. The sole question is, whether the shareholder was really a lawful member of the Co.|

Aus:
The Money Market Review, 27. Oktober 1866. S. 464/465.
Schließen

How is Money to be employed.

The mania of 1864 and 1865 and the attendant panic of 1866 are over. Investors some months back sold Consols and Exchequer Bills, and all the good prudent things, and bought finance and bank share and almost any „limited“ shares which appeared to promise fabulous rates of interest upon the purchase prices. There was, for a time, a vision of sudden wealth which a few months have utterly destroyed. As a rule, the mania in other shares has extended to railways. Even now, the minimum both of dividend and market value has not yet been attained in a number of cases. For the time very little railway debenture money is forthcoming from the public, as the overdrawn balances at the bankers show in the lately published accounts; and it seems quite a question whether, in some instances, revenue will not be absorbed to meet capital engagements in the absence of that constant supply of capital upon debentures.

There is little field for speculation except Indian and Colonial Railway Shares, and U. States Stock.

Aus:
The Money Market Review, 27. Oktober 1866. S. 465/466.
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Influence of the Weather upon the Money Market.

Since 1st August bad weather, prospect of bad harvest, and consequent depression of Stock Exchange. Why should the crops, during harvesting, depend on the atmosphere? Farmers will say that the Corn, when out, must go through a certain drying process in the open air, and if the open air will not admit of that preparation, the corn must be spoilt A coffee grower from Ceylon wrote to the Times that when his coffee crops liable to risk from rain, he placed them under cover, provided especially against such emergencies.

Aus:
The Money Market Review, 4. Mai 1867. S. 530/531.
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Railway Directors. in H.o.C.

179 railway Directors in H.o.C., about 27% of the whole House.