Ch. III. Various Classes of Foreign Bills in which
International Indebtedness is ultimately embodied.
Most international transactions are settled by a transfer of debts, through the medium of foreign bills of exchange. (23)
Practically, credit is given, in the vast majority of cases, previously to the drawing of the bills or the transmission of the remittances which are to settle pending accounts. … The knowledge that there is a certain balance owing, for which credit is given, but which will be ultimately called |91 in, acts, to a certain extent, upon the exchanges – jezt aber handelts sich um the »liquidation of debts which are becoming due, – in fact, the liabilities for which the time of settlement has arrived.[«] (24)
The debts between different countries, when they approach this time of settlement, are embodied, as far as possible, in bills of exchange; this mode of adjustment being universally applied, so far as the indebtedness of one country to others is covered by the liabilities of those countries to itself. (24, 25) An exchange made between the drawer or seller of the bill and the purchaser of the bill; the former ceding his claim on a foreign debtor against payment on the spot, and the purchaser remitting the bill to another foreigner to whom he is himself indebted. (25)
The greater portion of bills will represent exports of produce, besonders zwischen weit entfernten Ländern. The closer the countries, the more diversified and complicated are the transactions represented by bills of exchange. Between the continent and England there is a very large proportion of bills which represent the expenditure of foreign residents, drafts on their bankers at home, and encashments of dividends or other sources of revenue. There will be found innumerable bills based on the sales or purchases of stock, and large amounts which represent the transfer of capital from one country to another by way of giving effect to a public loan or a joint-stock undertaking. (26)
Few foreign loans are negotiated which are not accompanied by a certain issue of bills of exchange. Whenever the country which has secured a loan owes a balance on its general mercantile transactions, and is in want of remittances to cover it, bills may most conveniently be drawn upon the lending country for the amount of the loan thus contracted; for they will at once be eagerly purchased, in order to be remitted to the foreign creditors. In the contrary case, where there is no balance requiring settlement, a loan would generally be taken in specie. (27)
Bills drawn against freights which have become payable: a large item z.B. in Norway or Sweden. When they have remittances to make, they have considerable difficulty in finding any other bills than such as are drawn against wood (their chief article of export), or against the freights earned by their ships. They are hampered in their importations by the difficulty of making remittances in „acknowledged first class bills“. (27)
From the East Indies and China, where the chief articles of export are of great value, and where, from the necessity of large capital for bringing such valuable produce to market, the transactions are more than elsewhere concentrated in wealthy houses, the bills are to a great extent drawn in large amounts and on first class European firms: it is very usual to see bills of 10,000£, and the character of the bills is generally exceedingly good. The distance between the 2 countries, and the length of credit which the purchaser must accordingly give, make great caution necessary, and render it highly important that those on whom the bills are drawn should be persons of known Repute. (28) Dagegen zwischen Continent und England die bills of all possible amounts, oft sehr small und most mixed character. Viele transactions now in retail form. [(28)] Viele »on persons whom it is difficult to classify, and who belong to the lower strata of the mercantile community; on agents who have persuaded German manufacturers to trust them with the disposal of their goods, and on branches of small foreign establishments who wish to try the London markets; also on shopkeepers and milliners, and others quite beyond the commercial circle – in fact whose business brings them in any way into connexion with foreign goods.« (29)
American Bills in some respects like the East Indian bills. Generally based on cotton, drawn in large amounts, represent considerable mercantile transactions. But the trade between the U. St. and Liverpool being much more rapidly and easily managed than between England and India, and peculiar facilities for the conducting of the operations without capital on the part of either the exporter or importer being obtainable in the cotton trade, amongst many first class American bills there is also to be found a considerable number drawn on firms not known beyond their immediate circle, and who have no means of paying their acceptances except by the identical produce which is consigned them against such drafts. (29, 30)
The subject wird complicated, wenn es sich nicht um direct und immediate transactions handelt, sondern »that very large proportion of bills which represent indirect transactions, und others that do not represent any actual previous transaction whatever, at least in the sense of closing indebtedness.[«] (30)
Erstens: Transactions which represent a debt due to the drawer by a third party residing in a third country, of which the acceptor merely mediates the payment. F.i., teas shipped from China to New York are generally paid for by a draft of the exporter on a London merchant for account of the American importer. The exporter in China is paid by the price which is given him for his bill on London; and the acceptor looks for payment to the importer in New York. (31) This class of bills does not offer the same kind of evidence as others, as to the indebtedness of the country on which they are drawn; for the accepting country is a creditor. Of a third country for exactly the same amount as that which it must pay to the drawing country; and any estimate which might be attempted as to the liabilities of a country, based on the bills afloat upon it, which should omit the consideration of these acceptances for third accounts, would not fail to be erroneous. (31)
Z.B. consider at any particular moment the indebtedness between England and the U. States. Z.B. Die claims of America upon England so groß (from all sources together) that we should have to remit the balance in gold. Aber: How do the U. States stand as regards their imports from the East? are there not large sums running upon England for American account, which they have still to remit? Dieß möchte change the balance. (32)
Most other countries make London still their banking centre. Der East Indian produce shipper to America draws on London and not on New York; the New Orleans cotton exporter draws on London instead of on St. Petersburg for the cotton shipped to Russia. ([32,] 33)
Secondary cause: the credit granted by London bankers und the greater reputation of London houses. (33)
Primary Reason [»]the stupendous and
never-ceasing exports of England, which have for effect that every country
in the world, being in constant receipt of English manufactures, is under
the necessity of making remittances to pay for them, either in bullion, in
produce, or in bills. It may divert its produce to other countries, but the
bills drawn against such produce will be sure to find their way to England.
In other words, there will be a demand for bills on London bankers, and
English bills will be more saleable than any others. There can be no
exchange on any place to which remittances have not constantly and regularly
to be made. And vice versa, when remittances have regularly to be made, an
exchange is soon established, and the intervention of a mutual centre is not
required. F.i., England exports fabulous quantities of Manchester goods to
the East, and silver into the bargain, receiving in exchange tea and silk.
But the tea and silk which England requires be less in value than the
merchandise exported. How can the balance be regulated? The Americans export
very little to China, but require more silk and tea from the Chinese than
what they give them in goods. Consequently, the Chinese have a surplus claim
on New York. This they transfer to their English creditors, to whom
they are indebted for the surplus value of the goods imported from England
over their own produce shipped to England; in other words they remit to
their English creditors the bills drawn for American account, or instruct
the Americans to send gold to England for the amount.« ([33,] 34) That the imports of England exceed their
exports, does not invalidate
Zusatz von Marx.
Schließen (!) the present proposition. (34) It is the universal diffusion of
English products, which tends to bring |92 about the result
described. (35) England buys from, and sells to, almost every country in the
world. Of other countries, A may import from B, but export to C; and if B
and C are not in constant intercourse, A will not be able to pay B by giving
him an assignment on C. However, A, B, and C are all commercially connected
with England, and thus A can pay B by assigning to him a claim against
England, which he himself has received in payment from C; or more simply, C
draws a bill on England and remits it to A in payment, and A passes it on to
B, who being in constant connexion with England, is in his turn easily able
to use it. (35)
Wo regular und constant interchange of imports and exports between two countries … intervention of England nicht nöthig. Z.B. Java und Holland, New York und Bremen, Rio Janeiro und Hamburg: Hamburg. Formerly, when Germany was farther behind England in her exports than she is at present, the New York Houses paid themselves for their shipments of tobacco or other produce to Bremen, by drawing for Bremen account on England, and Bremen would settle the transaction by buying up and remitting to England the bills of the Holstein cattle-dealers or of the butter exporters of the Low Countries. But now so many German manufactures are sent to the States, that there are always buyers of bills drawn on Bremen direct; or, more simply, the tobacco and cotton shipped to Germany is paid for by German manufactures, and no further intervention is required. What becomes then of the cattle and butter bills, which are thus set free? These are still collected in Bremen and remitted to England, but against different transactions. No regular mutual intercourse yet between Germany and Bombay. Bombay as yet takes very little from Germany, the great bulks of her dealings being still with England. Consequently, the Bombay merchants, finding few purchasers for bills on Bremen, still draw on London for German account, when they ship cotton direct to the continent: and a transaction takes place which in fact amounts to this, that they direct their London creditors to obtain payment from their German debtors. Accordingly these latter are still under the necessity of buying up bills upon England, as constituting the most convenient remittance by which they can effect those payments to English merchants which their Bombay creditors instructed them to make. … In these intermediate settlement London appears as the Clearing House of the world, where most international transactions are closed. (35–37)
Foreign bills which represent no settlement of
indebtedness at all –, bills which are technically said to be drawn
in blank, by which the acceptor does not pay his
debt to the drawer, but by which, on the contrary, the drawer incurs a debt
to the acceptor. … A portion of them approach very nearly to what in the
home trade are called Accommodation Bills. They may
be drawn by merchants in one country on merchants or bankers in another, in
order to secure the use of the money which is paid as their price, for the
time during which the bills have to run. (37) The purchaser of the bills in
this case takes the place of the discounter of accommodation bills, and the
transaction may be perpetually
Zusatz von Marx.
Schließen (!!) renewed in the same way and with more facility than accommodation
bills. (38)
Es geht noch um die „Blanko Bills“.
Schließen
Andre Seite dieser „Sorte“ von
bills:
It is very possible, and indeed probable, that the imports and
exports of any country will not fall into the same period of the year; and
that, consequently, the seasons when the imports have to be paid for will
not coincide with the seasons when payment is exacted from foreign countries
for exports. Z.B. in a purely corngrowing country, the revenue derived from
foreign countries will come in at the conclusion of the harvest, when the
cargoes of corn begin to be despatched. There will then be bills drawn
against these shipments on the countries to which they are directed.
Meanwhile, however, the country in question has been importing manufactures
from its neighbours all the year round, and the importers have been
requiring bills on foreign countries, in order to make remittances, long
before the cornbills could be drawn and become available. (38) If no other
device could be found, the importers would, before the harvest |93
time, be obliged to remit gold abroad in payment of their purchases; and
afterwards the exporters, not being able to sell all their bills, which the
importers would now no longer want, would have to receive back the
equivalent of their exports in remittances of gold from abroad. Thus the
risk, the expense, and the reduction of circulation
Zusatz und Kommentar von Marx.
Schließen (!) (Nonsense!) which are consequent on repeated journeys of bullion, would be twice
incurred, owing to the exports and imports of the same country falling into different seasons. This difficulty is
often avoided, if the bankers in one country draw upon those in another, at
the time when no actual commercial bills representing bona fide transactions
can be bought, and subsequently square the liability which they have
incurred towards the acceptors of their bills drawn in blank, by buying up
and remitting the export bills as soon as the goods have been shipped and
are made available for drafts. Thus the importers are able to procure bills
from such banking houses at a time when otherwise they could buy no bills at
all, and the exporters sell to the same bankers later on, at a time when
otherwise they would find no purchasers, the importations having been
previously paid for. (39)
The same object is often sought for and obtained by the exporting houses receiving permission from those to whom they sell or consign their shipments, to draw bills in anticipation of the goods being actually despatched. Thus they are enabled to sell the bills at a time when there is demand and when a premium is likely to be paid by the importing branch of the community, instead of waiting for a time when the bulk of the exports are despatched, and when, consequently, from the number of those who have to draw bills, they would have to accept a lower price. (40) Great complaints have been made in the Court of Bankruptcy etc of the system of blank credits; in other words, the system of drawing bills from abroad not representing at the time any actual settlement of indebtedness. Diese blank bills brought before the public owing to some catastrophe in which the bill transactions actually were only undertaken with the intention of raising fictitious capital … during the time which the bills have to run. (40, 41)
Feller/Odermann, S. 153.
Schließen Alligationsrechnung.
1) Entweder will man den Werth od. die Einheit einer Mischung finden, die aus gegebnen Theilen von ungleichem Werth od. ungleicher Qualität hergestellt wird – den Durchschnitts- od. Mittelwerth; dieß ist Durchschnittsrechnung.
2) Oder man will wissen, in welchem Verhältniß gegwisse gewisse gegebne Qualitäten gemengt werden müssen, damit die Einheit des Gemischs einen gleichfalls gegebnen Mittelwerth habe.
Hier ist also der Mittelwerth schon gegeben u. es ist zu berechnen, auf welche Weise er herzustellen ist.
Ad 1) Die Summe der Werthe sämmtlicher Bestandtheile der Mischung, dividirt durch die Summe der Bestandtheile der Mischung, giebt den Durchschnittswerth.
Marx fasst das Beispiel bei Feller/Odermann,
S. 154, mit eigenen Worten zusammen und vereinfacht dazu die Zahlen.
Schließen Z.B. Ein Land hat im 1[
t] Jahr 20, im 2t 30, im 3t 40,
im 4t 10, im 5t
10 Mill. lb Thee exportirt importirt. So hat es in 5 J. importirt: 110 Mill. Thee. Also in 1 J. Durchschnitt 110/5 = 22 Mill. Man rechne ferner den
Preis zusammen, den dals das lb Thee in jedem Jahr kostete, u. summire diesen Preis;
die Summe sei z.B. 30 Mill. So: 30/5 = 6. Also Durchschnittswerth
der jährlichen Theeeinfuhr von 22 Mill. lb war 6 Mill. lb. 6 Mill.
Beispiel, wo wirkliche Mischung. Wenn man 8 Mark B. reines Silber mit 5 Mark B. Kupfer legirt, wie fein ist dann das Silber?
8 M. Bk enthalten | 8 × 16 | = 128 Lth. Silber. |
5 M. Bk Kupfer | = 5 × 0 | = 0 Lth. |
13 Mk enthalten | 128 Lth. Silber. | |
1 Mk enthält |
Bruch von Marx zur
Verdeutlichung des Rechenwegs ergänzt. Schließen 128/13 = 911/13 Lth. |
Einfacher ist die Rechnung, wenn die Mengen der zu mischenden Bestandtheile gleich sind. Dann kommen nur die Qualitäten od. Werthe in Betracht; deren Summe, dividirt durch die Anzahl der gemischten Qualitäten, den Durchschnittswerth giebt.
Z.B. man mischt 1Lb à 9 Gr., 1lb à 12 Gr, 1lb à 15 Sgr., 1lb à 20 Gr.
Hier Durchschnittswerth = = 14 Sgr. Also Durchschnittswerth des lb = 14 Sgr.
Falsch bei Aufsuchung eines Durchschnittswerths an die Stelle der Werthe die für die Wertheinheit gegebnen Quantitäten zu setzen.
Z.B. Wenn Jemand von einer Waare 12 Stück für 1 Gulden, u. von einer andren Qualität 18 Stück für einen Gulden, verkauft er von jeder Sorte |124 360 Stück, so erhält er 20 + 30 = 50fl.
Wollte er aber 12+18/2 = 2 Stück für 1 Gulden geben, so würde er für die 720 Stück nur 48fl. lösen.
Die richtige Rechnung: 12 Stück für 1f., 1 Stück für 1/12f., u. 18 St. für 1f., od. 1 Stück für 1/18f. Also per Stück im Durchschnitt = f. Dieß × mit 720 = 50f.
ad 2.) Zweiter Fall: Sind zur Auffindung einer gewissen Qualität nur Zwei Qualitäten zur Mischung gegeben, so muß nothwendig die eine besser, die andre schlechter sein, als die gesuchte Qualität. Wenn nun die gesuchte Mittelsorte von der bessern u. von der geringern gegebnen Sorte gleich weit entfernt ist, so hat man von den beiden gegebnen Sorten gleich viel zu nehmen.
Z.B. Aus zwei Sorten à 14 u. à 22 Gr. ist eine Mittelsorte à 18 herzustellen.
Die geringre Sorte – 14 – ist um 4 geringer, die bessre Sorte – 22, um 4 besser, als die gesuchte Mittelsorte.
Plus u. minus heben sich auf beiden Seiten auf, u. die Mischung ist zu gleichen Theilen vorzunehmen.
Z.B.
2lb. | à | 14 gr. | = 28 gr. |
2 | à | 22 | = 44 |
4lb | à | 72 gr. |
Schließen ⦗Einfacher: (18 – 4) (= 14) + (18 + 4) (= 22) = 18 – 4 + 18 + 4 = 36. 2lb = 2 × 18 = 36. 1lb. = 36/2 = 18.
Ist das Plus dem Minus nicht gleich, so: Je mehr od. weniger die Qualität od. der Werth der bessern Sorte die Qualität oder den Werth der Mittelsorte übersteigt, desto mehr oder desto weniger ist von der geringern Sorte in die Mischung aufzunehmen. Demnach giebt die Differenz zwischen der bessern u. der Mittelsorte, an, wie viel Theile von der geringern Sorte zu nehmen sind.
Z.B. Aus 2 Sorten à 14 u. à Feller/Odermann, S. 155: 22
Schließen 30 Groschen sei eine Mittelsorte von 18 Gr. pr lb
herzustellen.
Umgekehrt: Je weniger od. je mehr die Qualität od. der Werth der geringern Sorte hinter dem Werth od. der Qualität der Mittelsorte zurücksteht, desto weniger od. desto mehr ist von der bessern Sorte in die Mischung aufzunehmen.
Demnach giebt die Differenz zwischen der bessern u. der Mittelsorte an, wie viel Theile von der geringern Sorte zu nehmen sind, während die Differenz zwischen der geringern u. der Mittelsorte die Anzahl der Theile ausdrückt, welche man von der bessern Sorte zu nehmen hat.
Die Summe dieser Differenzen bezeichnet daher die Anzahl der Theile, aus denen das Ganze zusammengesezt ist.
1 Beispiel. Man will durch Mischung von Wein à 24 Gr. u. à 11 Gr. eine Sorte zu 15 Gr. finden. Wie viel muß man von beiden nehmen:
24 Gr. | 4 (Differenz zwischen 11 u. 15 |
15 | |
11 | 9 (Differenz zwischen 24 u. 15) |
13 |
Das Ganze besteht demnach aus 13 Theilen. Es müssen also 4/13 von der Sorte à 24 Sgr. u. 9/13 von der Sorte à 11 Sgr. genommen werden.
Gesezt man braucht 390 Flaschen à 15 Sgr., so müssen genommen werden:
4/13 × 390 | = 120 Flaschen. à 24 Sgr. | = 2880 Sgr. | |
9/13 × 390 | = 270 Flaschen à 11 Sgr. | = 2970 | |
390 | = 5850 Sgr. | Dann kostet eine Flasche 15 Sgr. |
2. Beispiel. In welchem Verhältniß müssen 2 Goldsorten à 18 Karath 5 Grän u. à 9 Karath 4 Grän gemischt werden, wenn 131/2 karäthiges Gold entstehn soll?
185/12 | 221 | 50 (Differenz von 112 u. 162) | ||
131/2 | od. 162 | |||
Feller/Odermann, S. 156: 1/3
Schließen 91/13 |
112 | 59 (Differenz zwischen 221 u. 162) | ||
109 |
Braucht man nun z.B. 109 Loth Gold à 131/2 Karath, so muß man zu 50 Loth à 18 Kar. 5 Gr. noch 59 Loth à 9 Kar. 4 Gr. mischen, denn:
50 Loth | à 18.5 | enthalten | 920 Kar. | 10 Gr. | |
59 | à 9.4 | 550 | 8 | ||
109 Loth | enthalten | 1471. | 6. | Also 1 Loth 13 Kar. 6. Gr. |
Wenn mehr als 2 Sorten gegeben sind, aus welchen die verlangte Sorte gemischt werden soll, so mischt man je zwei Sorten mit einander.
Gesetzt, man solle aus 4 Sorten Wein à 16, 14, 11 u. 5 Sgr. eine Sorte zu 12 herstellen, so verfahre man, wie folgt:
16b | 7 (Differenz von 5 u. 12) | Die beigesetzten Buchstaben a, b, bezeichnen wie die Mischung erfolgt ist. Zuerst ist 14 mit 11 gemischt worden: 1 Theil à 14 Gr. = 14 Sgr. 2 . à 11 = 22 Sgr. | also 3 Theile = 36 Sgr. u. 1 Th. = 12 Sgr. Sodann ist 16 mit 5 verbunden: 7 Th. à 16 Sgr. = 112 Sgr. 4 à 5 = 22 | also 11 Theile = 132 Sgr. 1 Theil = 12 Sgr. |
14a | 1 (Differenz von 11 u. 12) | |
12 | ||
11a | 2 (Differenz von 14 u. 12) | |
5b | 4 (Differenz von 16 u. 12) |
Giebt jede einzelne Mischung die gewünschte Sorte à 12 Sgr., so müssen beide vereinigt dieselbe Sorte geben. Summe der Theile hier 11 + 3 = 14.
Eine andre Mischung ist:
16b | 1 (Differenz zwischen 11 u. 12) | Hier ist zuerst 14 mit 5 gemischt: 7 Theile à 14 gr. = 98 sgr. 2 Theile à 5 = 10 | also 9 Th. = 108 sgr. 1 Th. = 12. Ferner: 16 mit 11.: 1 Th. à 16 S. = 16 Sg. 4 Th. à 11= 44 | also 5 Theile = 60 Sgr. 1 Theil = 12 Sgr. In beiden Fällen muß die Mischung aus 15 Theilen bestehn u. es sind von der zu mischenden Quantität. Im ersten Fall: 7/14 à 16 Gr; 1/14 à 14 Sgr; 2/14 à 11 Sgr; 4/14 à 5 Sgr. Im zweiten Fall: 1/14 à 16 Gr; 7/14 à 14 Sgr; 4/14 à 11 Sgr; 2/14 à 5 Sgr. |
14a | 7 (Differenz zwischen 5 u. 12) | |
12 | ||
11b | 4 (Differenz zw. 16 u. 12) | |
5a | 2 (Differenz zwischen 14 u. 12) |
Ist die verlangte Sorte nicht eine solche, die ebenso viel beßre über sich, als geringre unter sich hat, so müssen die Sorten, die auf der einen Seite überzählig sind, mit den Sorten, die sich auf der entgegengesetzten Seite befinden, nochmals verbunden werden.
Man soll z.B. aus 5 Qualitäten à 24, 20, 14, 9 u. 5xr eine neue à 16xr mischen:
24a+c | 7 + 11 (Differenz zwischen 9 u. 16 u. zwischen 5 u. 16) | = 18 Theile | à 24xr | = 432xr. |
20b | 2 (Differenz zwischen 14 u. 16) | = 2 | à 20 | = 40 |
16 | ||||
14b | 4 (Differenz zwischen 20 u. 16) | = 4 | 14 | = 56 |
9a | 8 (Differenzen 24 u. 16) | = 8 | 9 | = 72 |
5c | 8 (Differenz zwischen 24 u. 16) | = 8 | 5 | = 40 |
40 Th | = 640xr. 1 Th. = 16xr |
Da für 3 geringere Sorten nur 2 bessere zur Mischung gegeben waren, so musste mit der 3ten geringern Sorte noch eine der beiden bessern Sorten, obgleich beide bereits in die Mischung aufgenommen waren, verbunden werden. Dazu Sorte à 24xr gewählt; hätte auch die à 20xr gewählt werden können.|
125Sobald für eine od. mehrere der gegebnen
Sorten eine gewisse Quantität gegeben ist, die durchaus in die
Mischung od. Mengung aufgenommen werden soll, so müssen sich natürlich
die andern Feller/Odermann, S. 158:
Qualitäten.
Schließen Quantitäten in Bezug auf die von ihnen zu nehmende Menge
danach richten.
Beispiel: Man besitzt 5 Mb. 18 karäthiges Gold; wie viel 12 karäthiges muß zugemischt werden, wenn 14 karäthiges daraus entstehn soll?
18 | 2 | |||
14 | 6 Theile. | 2/6 = 1/3 | ||
12 | 4 | 4/6 = 2/3. |
Man verlangt ferner eine gewisse Menge von einer gewissen Qualität, u. will dazu eine od. mehrere bestimmte Quantitäten u. Qualitäten verwenden. Wie muß nun die Qualität der Beimischung beschaffen sein?
Z.B.: Man braucht 10 M.B. 12 löthigen Silbers. Wieviel löthig muß das Silber sein, das zu 4 Mark Bk. 15 löthigem beigemischt, die verlangte Qualität giebt?
Man braucht 10 Mark Banco 12 löthiges Silber enthaltend = 120 Loth. Vorhanden sind 4 M. Banco 15 löthiges = 60 Loth.
Es fehlen also 6 Marc B., welche enthalten müssen 60 Loth. 1 Marc Banco also = 10 Loth.
Zu den vorhandnen 4 M.B. 15 löthigen Silbers müssen also 6 Mk. B. 10 löthiges gemischt werden.
4 Mark Banco | 15 löthiges enthalten | 60 Loth. |
6 | 10 | 60 |
10 | 120 u. 1 Mark also 12 Loth. |
Inhalt:
- January 4, 1868.
- January 11, 1868.
- Railways und State Control.
-
Caledonian Railway.
(Report of Committ. of
Investigation)
- Contract
Corporation (Lim.)
(Chancery in)
- Insurance Cos. Their Getting up and
Winding up (Workingmen
beschissen).
- Silk in 1867. (Annual Circular of Durant et
Co.)
- Agricultural Implements. 1867. (Annual
Circular of Burgess and Key.)
- Railways und State Control.
- January 18, ’68.
- 25. January 1868.
- The Stock and Share Markets during 1867.
- Italian Deficits.
-
Midland Railway.
(Börsenmogelei und
Directors.)
-
Caledonian
Railway. (Ersatz des
Verschleisses.)
- Banks and Railway Cos.
- Overend,
Gurney et Co. (lim.) Report of the
Liquidators.
- Capital of Railways in U. Kingd. Board of Trade
Return. (für 1866)
- Lawyers and railways
- Railway Trains (1866)
- Causes of Commercial Depression. (Eingesandt
von
G.
Townend. Mincing Lane.)
- The Stock and Share Markets during 1867.
- 1 February, 1868.
- 8 February 1868.
- 15 February, 1868.
- 22 February 1868.
- 29. February 1868.
- 7. March. 1868.
- March 14, 1868.
- March 21, 1868.
- March 28, 1868.
- April 4. 1868.
- April 11. 1868.
- 18 April 1868.
- April 25, 1868.
- May 2, 1868.
- May 9, 1868.
- May 16.
1866
1868
.
- 23. May 1868.
- May 30, 1868.
- June 13, 1868.
- June 20. 1868.
- June 27. 1868.
- July 11. 1868.
- Alderman
Dakin.
- H. E.
Bird, public Accountant, Estimate of Railway (nach
den official accounts der Directors
(!))
- Labor of Superintendence. Venezuelan Loan.
(„Venezuela: Its Government and its People, and the History of
the Loan of 1864. By E. B. Eastwick, C. B. F.R.S., late
Secretary of legation at the Court of Persia; and
Commissioner for the Venezuelan Loan for 1864.“ (London.
1868.))
- Income Tax. Ireland.
- Australian Gold. Imports in U. Kingd.
for 10 J. end. 1867 (inclusive).
- Alderman
Dakin.
- July 18. 1868.
- July 25. 1868.
- August 1. 1868.
- August 8. 1868.
- 15 August. 1868.
- 22. August. 1868.
- August 29. 1868.
- 5 September. 1868.
- 12. September 1868.
- September 19. 1868.
- 26. September. 1868.
- October 3. 1868.
- October 10, 1868.
- October 17. 1868.
- October 24. 1868.
- October 31. 1868.
- November 7. 1868.
- November 14. 1868.
- November 21. 1868.
- 28 November 1868.
- 5 December 1868.
- 12 December 1868.
- 19 December 1868.
- Nachtrag zu November 14. 1868.
- 26 December 1868.
- January 4, 1868.
- 11 January 1868.
- 25 January. 1868.
- 1 February, 1868.
- February 8, 1868.
- February 15, 1868.
- February 22. 1868.
- 29 February. 1868.
- March 7, 1868.
- March 14. 1868.
- 21 March. 1868.
- 28 March 1868.
- April 4. 1868.
- April 11. 1868.
- April 18. 1868.
- April 25. 1868.
- May 2, 1868.
- May 16, 1868.
- May 23. 1868.
- May 30. 1868.
- June 6. 1868.
- July 4, 1868.
- June 13, 1868.
- June 27, 1868.
- July 11, 1868.
- Contract Price per Cwt. for Bread.
(figures just issued by the Board of Guardians of
Whitechapel).
- Sir Morton
Peto and the London,
Chatham, and Dover Co.
- Finance versus Finance. (Lewis. Hauptschwindler)
- From: Annual Report (1868) of the Irish Poor Law
Commissioners.
- Amount of gold, silver, and copper monies coined in
each year 1853–67.
- Contract Price per Cwt. for Bread.
(figures just issued by the Board of Guardians of
Whitechapel).
- July 18. 1868.
- August 1, 1868.
- August 8, 1868.
- August 15, 1868.
- August 22, 1868.
- October 10. 1868.
- November. 21. 1868.
- December 5, 1868.
- December 12, 1868.
- December 26, 1868.
- Ch. I Definition:
- Ch. II. International Indebtedness
- Ch. III. Various Classes of Foreign Bills in which
International Indebtedness is ultimately embodied.
- Ch. IV. Fluctuations in the price of foreign
bills.
- Ch. V. Interpretation of the Foreign
Exchanges.
- Ch. VI. Socalled Correctives of the Foreign
Exchanges.
- I)
Wechselrechnung etc.
-
Intermezzo. (Kettenregel, und Prozentrechnung)
- Alligationsrechnung.
-
Procentrechnung.
- Zinsrechnung.
- A) Einfache Zinsen.
A) Einfache Zinsen.
- I)
Aufsuchung der Zinsen eines Kapitals.
- II)
Aufsuchung des Kapitals.
- III)
Aufsuchung des Zinsfusses.
- IV)
Aufsuchung der Zeit.
- V)
Aufsuchung eines um die Zinsen vermehrten
Kapitals.
- VI)
Aufsuchung der Zinsen oder des Kapitals,
welche in einem, Kapital u. Zinsen darstellenden,
Werth enthalten sind.
- VII)
Aufsuchung eines mittleren Zinsfusses für
mehrere Kapitalien.
- I)
Aufsuchung der Zinsen eines Kapitals.
- B)
Berechnung Zusammengesezter Zinsen.
- A) Einfache Zinsen.
A) Einfache Zinsen.
-
Discontrechnung.
-
Terminrechnung. (Reductionsrechnung, Zeitrechnung)
-
Wechselrechnung (cont. von
p. 118)