August 31, 1867. N. 378.
The Money Market Review, 31. August 1867. S. 223/224.
Schließen
The
New
Act (1867) to amend „The Companies
Act“ 1862.
Zusammenfassender
Kommentar von Marx.
Schließen Dieser miserable bungling act erlaubt keiner
Co.
ihr ihre nominellen shares herabzusetzen, ohne durch Chancery Court (Winding up) zu gehn.
Dank dem
Lord
Overstone, as leader of a knot of 16 lords,
verwarf das Oberhaus 1866
Milner
Gibson’s (then President of
Board of Trade) rationelles Amendment, wodurch die
ganze Sache ohne Kosten etc mit Board of Trade abgemacht werden
konnte.
Zusatz von Marx.
Schließen Zweitens, was
fraudulenten Schwindelcharakter betrifft, enthält nur
den silly Paragraph, daß
die
„dates and names of parties to any contract be
entered into prospectus, or the promoters, directors, or
trustees thereof, before the issue of such prospectus or notice.“ It
does not require that the subject matter of the contract should be stated, nor that the
subject matter should have any relation to the business or purpose of
the Co., or its undertaking. Zusatz von
Marx.
Schließen Ferner heißts in
dieser Klausel: „and any prospectus or notice not specifying the same (names and dates) shall be
deemed fraudulent on the part of the promoters, directors, and officers
of the Co. knowingly issuing the same, as
regards any person taking shares in the Co. on the faith of such
prospectus, unless he shall have had notice of such contract.“
Secretaries, clerks, or officers may know that there are such contracts,
but not know the dates or names of the parties. Ferner, what is to
constitute, für die shareholders, |271
notice of such contracts? The only notice of
such contracts which the statute requires is notice of their dates and
the names of the parties to them, without any knowledge of their
substance or contents. Kommentar von Marx.
Schließen Silly nonsense!
The Judgment of the Lords in the Overends Case
(für die Creditors) (Money
Market Review Aug. 31, 1867)
Aus:
The Money Market Review, 31. August
1867. S. 232.
Schließen Consecrates fraud. The argument that
shareholders under such circumstances must be held liable is tantamount
to saying that a man must pay a cheque stolen from him because a
creditor of the thief should plead that he parted with property of on the strength of the drawer’s name, and that therefore the
drawer had no right to stop payment at the bank it was drawn upon.
Aus:
The Money Market Review, 31. August
1867. S. 232.
Schließen
Das motive der lordships was
fear – the fear of consequences – the fear that the joint-stock
system could not bear the test of justice, but that, like Satan at the
touch of the angel’s spear, it must appear in all its corrupt deformity,
and that creditors – that terrible bugbear at
which justice itself turns pale – must be satisfied at all cost. Truly,
Englishmen may well deserve the title of a money-getting race, in the
most offensive sense of the term, when the socalled rights of creditors
are assisted to ride rough-shod over every other equities by the highest
judicial tribunal in the land. Aber ihr Lordships „rewarded by the
almost unanimous recommendations of the press“.
Kommentar von
Marx.
Schließen Der Case war sehr simple. Nach
dem
Limited Liability Act
of 1862 hat der creditor no hold on
the personal shareholder, sondern nur auf den
corporate body, die
Co. Nun sagten die shareholders
– dieß war die question – sie seien nicht members dieser fraudulenten Co, die
ursprünglich nur aus den 7 Directoren
bestand. Die shareholders hatten keinen Ertrag
erhalten, die creditors ihr eingezahltes Kapital
bereits gefressen. Die Co. war bankrott, bei ihrem
Beginn (eh shareholders drin waren) July 1865 so gut wie May
1866. Mit ganz wenigen Ausnahmen alle Creditors waren die identical creditors
der old firm. Sie wurden also durch den
fraud – nach dem Judgment erst des
Malins, dann
der Lords, bezahlt, und steckten
vielleicht mit in dem Hokus Pokus! Die Presse
war fast ganz gekauft, Times
und
Economist an der Spitze, durch
die creditors. Dieß Urtheil zugleich gegen die
durch die Lords selbst anerkannten
Precedents!
Aus:
The Money Market Review, 31. August
1867. S. 227.
Schließen Diese 4 law lords have decided that
contracts induced by fraud are binding obligations
upon the party defrauded. Dieß war absichtliche perversion,
kept up im judgment durch deliberate perversion of facts and cases,
garbled quotations of previous decisions, and the wholesale suppression
of adverse judgments, sogar in derselben Parlamentssitzung gefällt
von denselben Lords und andern.
Aus:
The Money Market Review, 7. September
1867. S. 262/263.
Schließen Untainted Creditors had no place
in the record; at all events, the liquidators had not proved a single
claim as being extraneous to the fraud itself; neither creditors nor
liquidators had alleged that Mr. Oakes’s £1250 on his 25 shares, or even
Mr. Peek’s £100,000 on his 2,000 shares, would be required for paying to
Oppenheim
and others 20s. in the pound, with interest. Zusatz von Marx.
Schließen Oakes und
Peeks Peek waren die 2 contributories, welche
die Sache vor Gericht bis zum Last Appellate Court
der Lords brachten.
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.
-
November 17. 1866. N. 1212.
-
24 November 1866. N. 1213
-
1. December 1866. N. 1214.
-
December 8. 1866. N. 1215.
-
15 December. 1866. N. 1216.
-
22 December. 1866. N. 1217.
-
29 December 1866. N. 1218.
-
January 5, 1867. N. 1219.
-
January 12, 1867. N. 1220.
-
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.
-
13 April. 1867. N. 1233.
-
20 April. 1867. N. 1234.
-
27 April. 1867. N. 1235.
-
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.
-
June 15. 1867. N. 1242.
-
22 June 1867. N. 1243.
-
June 29. 1867. N. 1244.
-
July 6. 1867. N. 1245.
-
July 13, 1867. N. 1246
-
20 July 1867. N. 1247.
-
July 27. 1867. N. 1248.
-
3 August 1867. N. 1249.
-
10 August, 1867. N. 1250.
-
17 August, 1867. N. 1251.
-
August 24, 1867. N. 1252.
-
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.
-
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.
-
23 March. 1867. N. 355.
-
30 March 1867. N. 356.
-
April 6. 1867. N. 357.
-
13 April 1867. N. 358.
-
April 20, 1867. N. 359.
-
April 27, 1867. N. 360.
-
May 4, 1867. N. 361.
-
11 May 1867. N. 362.
-
25 May. 1867. N. 364.
-
June 8, 1867. N. 366.
-
15 June. 1867. N. 367.
-
22 June 1867. N. 368.
-
29 June. 1867. N. 369.
-
July 6. 1867. N. 370.
-
July 13. 1867. N. 371.
-
July 20, 1867. N. 372.
-
July 27. 1867. N. 373.
August 3. 1867. N. 374.
-
August 10. 1867. N. 375.
-
August 17, 1867. N. 376.
-
August 31, 1867. N. 378.
-
14 September. 1867. N. 380.
-
21 September, 1867. N. 381.
-
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.
-
21 Dec. 1867. N. 394.
-
28 December 1867. N. 395.