May 16, 1868.

The Economist, 16. Mai 1868. S. 556/557.
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The Cotton Statistics Bill.  Zusatz von Marx.

No one can have watched the course of recent controversies without observing a considerable change; formerly the great object of commercial reformers was to exclude the Government from trade; now their object is to get it back into trade. And the persons who used to object to State aid are now the persons who invoke it. … The more exactly a merchant can know what is required, the more exactly he can regulate his operations; and Government can augment that knowledge by finding out what is the present supply in the world.

This is the principle of the „Cotton Statistics Bill“. To give dealers in cotton best account possible from time to time of the amount of cotton in the market. It requires all „warehousers“ of cotton (a term which is defined, as every person and Corporation having cotton in his or their possession at any port in the U. Kingd.) to make a return of 1st July of every year of the quantity of cotton in their possession; and every „forwarder“ of cotton – i.e. „every person and Corporation who carries or forwards cotton for toll or other consideration“ is required to make a return monthly of all cotton „forwarded or received“ by him within the preceding month. The effect of the Act, therefore, is, that on 1st next July authentic account of cotton now at hand at Liverpool and the other ports and by a similar account we shall also know how much is monthly subtracted from that store and how much is added to it. We shall have a certified amount to begin with, and be sure of all the changes.

These accounts are „compulsory“. If any „warehouser“ or „forwarder“ fails to make them, he is to be liable to fine for each neglect. Some objection is taking to this as rendering trade no longer free. But free trade means free bargains; it does not mean ignorant bargains.

The Economist, 16. Mai 1868. S. 560–562.
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Paris. 14 May. ’68. Credit Mobilier.

Judgment of Tribunal de Commerce condemns the directors of Credit Mobilier in the early part of 1866 to restore the sum the shareholders were made to pay for doubling the capital – the restoration being ordered on the ground that irregularities were committed and misrepresentations made.

The report of the acting directors of the Credit Mobilier, presented in the recent meeting of shareholders, states that the losses at the end of 1867 were 40,547,788 fc, composed principally of a loss brought forward von 1866, and of depreciation in the value of securities held.

The Economist, 16. Mai 1868. S. 562.
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Pauper Expenditure in Metropolis since 1863. (Annual Poor Rate Returns. Official[)]

Years. Expenditure in £. St.
ending Lady day. 1863 £868,197
do          do      1864 876,289
do          do      1865 905,640
do          do      1866 976,262
do          do      1867 1,175,362
Number of Paupers
Jan. 1. 1863 106,407. July 1. 1863 94,735
do 1864 103,495 do 1864 94,612
do 1865 105,351 do 1865 97,981
do 1866 111,019 do 1866 106,202
do 1867 138,706 do. 1867 126,094


  • Inhaltsverzeichnis von Friedrich Engels
  • 1869 I Heft
  • Money Market. 1868.
  • Money Market Review. Jahrgang 1868.
  • The Economist. Jahrgang 1868. Nachträge
    • The Economist. Jahrgang 1868.
    • Inhaltsregister für 1868 Jahrgang. („Money Market Review“ und „Economist“.)
    • Kommentar zu George Joachim Goschen
      • George J. Goschen: The Theory of the Foreign Exchange. 7th edit. London 1866.
      • Friedrich Ernst Feller, Carl Gustav Odermann: Das Ganze der kaufmännischen Arithmetik
      • Inhalt.