October 27 26, 1867. N. 386

Aus:
The Money Market Review, 26. Oktober 1867. S. 428/429.
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Royal Bank of Liverpool.  Zusatz von Marx.
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(Illimited Liability)

On October 22 (’67) Stoppage officially announced.

Shareholders not numerous, but wealthy. Unlimited Liability. This Bank founded 1836. Suspended during Railway Panic of 1847, in consequence of reckless advances to a large amount to a few individuals. Reopened on 1 Dec. 1847. In Directors Report to 31st Dec. 1866 stated that despite „an extraordinary series of banking and commercial disasters“ on the operations of year ending Dec. 31, 1866, gross credit balance of £83,809. 3s. 11d, and a net profit, after various deductions, u.a. 7% interest on the preference Capital, of £50,546. 15s. 7d. H. A. Withers had a penchant for „large accounts“. Financing. Upwards of £300,000 advanced and locked up in ships of about 40,000 tons, now trading to various parts of the world; large sums said to have been advanced upon cotton bills. The acceptances of this Bank, 12 months ago, reached 2 Millions. One of the shareholders on meeting of Oct. 23 said: „Taking in consideration the interest he had been getting for many years in connection mit der Bank, he could afford to lose the capital invested in it. People looked upon property of this sort as though it was as secure, so far as income goes, as if it were land; but it was not so.“ etc. It is the immense greedy of the shareholders which directors und shareholders pander to. Speculative und gambling business daher, besonders by Liverpool Banks.

Aus:
The Money Market Review, 26. Oktober 1867. S. 430/431.
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Re-establishment of 6 months’ Sight Usance in Indian Trade.

 Von Marx verwendet in Manuskript II zum zweiten Buch des „Kapital“ (MEGA² II/11. S. 212.29–30).
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Almost unanimously accepted by the Indian Banks.

Aus:
The Money Market Review, 26. Oktober 1867. S. 431.
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Failure of the Commercial Bank of Canada

Announced during last days. Involved by lock up in railway securities.|

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