2 March 1867. N. 352.
The Money Market Review, 23. Februar 1867. S. 237.
Schließen
The Joint Stock Co’s Directory for 1867. London.
Charles Barker et Sons. 8, Birchin-lane.
The importance of directors as a body in the State has often been a subject of remark, and in some matters they absolutely rule the H.o.C. Their number in U. Kingd. 9,932.
Official Return of Cos under the Limited Liability Act: 1864: 992 Cos, with proposed capital 237,391,818£. 5 Cos. registered without nominal capital, total 997. 1865: 1,013 Cos. registered, proposed capital of £205,391,818; 20 Cos without nominal capital, total 1,033. 1866: 758 Cos registered, proposed capital £76,599,823; 10 Cos without nominal capital, – total 768.
The Money Market Review, 2. März 1867. S. 263/264.
Schließen
Overends. Report of Liquidators and Report of Defence
Committee.
Nach dem Report der Liquidators the liabilities, at the date of suspension, £18,000,000, now reduced to £3,640,655. Davon 1 mill. further ab für 1/2 Mill. already in hand, and other 1/2 produce of assets actually disposed of, but not yet paid for. Dann noch verschiedne respective Einnahmen berechnet für Payments on bills, proceeds of securities not yet realised etc.
The Money Market Review, 2. März 1867. S. 265.
Schließen
Leeman’s Bill respecting
Dealings in Bank Shares.
A clique or cliques of „speculators for the fall“ fastened upon certain Banks etc, in 1866, made to fail by the operation of these unscrupulous tricksters. Thus Agra and Masterman’s Bank. A telegram was sent out to India by the operator to a certain clique that it had failed. At that time not the smallest foundation for that rumour. Effect run upon the different branch banks in India (by depositors); London bank unable to meet them, chiefly owing to the great distance; result failure of the London bank. … dealings for time at Stock Exchange, i.e. speculators who have no shares allowed to make fictitious sales of shares they do not possess, for delivery at some remote date, upon the prospect of buying them at a lower price, in the interval. Before the said telegram was sent to India, a clique of speculators had sold the sales shares largely for future delivery, and this was one of the expedients resorted to in order to render those operations profitable. In order that these miscreants should pocket their illgotten gains, widows, orphans, and dependent persons have been ruined or brought to the verge of ruin. If, from any cause, as mit der Agra and Masterman’s Bank, there should be a sudden demand for all the money lodged by the depositors, while the money lent can only be recovered by instalments as they fall due, no bank could meet such pressure. In 1866 no less than 51,000 persons in England and Wales registered as the holders of shares in joint stock banks, including persons in every grade of life. Aber die number of depositors, 20, 30, perhaps 50 × greater. We do not want banknotes if we can keep banking accounts and make our payments by cheques.
The Money Market Review, 2. März 1867. S. 266/267.
Schließen
Limited Liability. High Nominal Shares.
Small sum paid upon deposit. Few intended to be permanent investors. All thought that, if ever a period of adversity arrived, some one else would have to bear the brunt of it; besonders so long as premiums reigned. The experience of last crisis has shown that there is no market for shares of heavy nominal amount of which only a little is paid. The terror of coming calls has outweighed all intrinsic merit; £100 shares with £10 paid, were, and still are, unsaleable.|
The Money Market Review, 2. März 1867. S. 268.
Schließen
London, Chatham and Dover
Railway Co.
Zusatz von Marx.
Schließen (faux frais)
Mit Bezug auf die Section called „The General Undertaking“: Of £6,710,000 capital issued, the enormous amount of £2,945,296 for interest, commission, and „loss on issue“; which means that, in paying away to contractors for work performed securities of the nominal value of £6,710,100, they were received by the contractors as only £3,763,804 in cash. There is one item of £1,500,000 of ordinary stock which is put down as issued at a loss of £1,113,663; that is, the 1 million and 1/2 of stock went for £386,337.
The Money Market Review, 2. März 1867. S. 269.
Schließen
Plethora of money.
There is always a large amount of floating capital in the country which is never invested, so to speak, but only laid out from day to day, or, at all events, in the very shortest-dated securities. So long as trade is brisk, this money proves remunerative enough for the purpose for which it is intended … But although a good deal of our capital is not available for investment in permanent securities, there is still a very considerable amount kept out of employment by sheer distrust.
The Money Market Review, 2. März 1867. S. 270/271.
Schließen
„1915“ ist das Pseudonym eines
Verfassers einer Reihe von Leserbriefen an die „Money Market
Review“.
Schließen 1915 on Overends.
Zusatz von Marx.
Schließen (David Barclay
Chapman)
The fellow, redolent as he is of the history of 1853–58, macht ein enthusiastic revival of himself. Aber in fact, he secured upwards of £27,000 on 3. Aug. 1865 (out of the House)[.] The stigma on the „revered“ brows, that they had surreptitiously rescued all their connections and friends from bitter loss, and involved others in bitter loss, for the comfort of all their connections and friends.
The Money Market Review, 2. März 1867. S. 271/272.
Schließen
London, Chatham et
Dover
Zusatz von
Marx.
Schließen (Zusammensetzung des
Investigation Committee) (Solicitors)
(Scapegoats)
Dieß Committee speaks only of contractors, nicht of the directors, and still less of the solicitors. Now, auf dem first meeting in St. James Hall, „a cut and dried“ committee proposed by Cornelius Surgey, and enforced. (He intimated that he had many proxies.) This Surgey himself is or was the broker to Messrs. Freshfield and Newman; another member of the committee is a near relative of Surgey’s own partner; another most active member was for years a partner of Newman’s brother-in-law, Newman being the principal manager of the business of Freshfield and Newman. Ferner: the new board is composed of the members of this committee, with the addition of Lord Harris as a figure-head. The board remains practically Surgey’s committee. Then this Surgey, who professed in his long speeches at St. Martin’s Hall to know nothing of the Co. and its past management, turns now out to be the very man upon whose advice the board raised loans on the new stock created in 1864 rather than sell it to the proprietors and the public, when it could have been disposed at [a] far better price than it would have fetched since, viz. about £40 instead of which it was eventually sold for £27. 10s., after the Co. had paid enormous amounts for interest and commissions on temporary loans. … Within the last few years an amount closely approximating to 1/4 Mill. St. has been paid to the solicitors of the Co. for their own charges, not including amounts paid to other parities. If this amount was not paid for the purpose of keeping the Co. right in legal matters, what was it paid for?
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.