Hints, by Way of Warning, on the Legal, Practical, and Mercantile Difficulties, Attending the Foundation and Management of Joint Stock Banks (Classic Reprint)

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Excerpt from Hints, by Way of Warning, on the Legal, Practical, and Mercantile Difficulties, Attending the Foundation and Management of Joint Stock BanksThe recent discussions on the renewal of the Bank Charter have called forth opinions from eminent Lawyers favorable to the legal right of an unlimited number of Capitalists to establish partnership deposit Banks, in the cities of London and Westminster. These opinions, (giving to them for the moment, all the weight of judicial decisions), go no further than to determine that Joint Stock Banks for deposits, may be established without infringement of the privileges secured to the Bank of England, and if the same legal authorities were consulted as to the means by which a numerous body of partners in banking can, without being incorporated, protect themselves and the public, in the advantages which an honest employment of Capital might seem to promise, the opinions would at once proclaim the utter impracticability of such a scheme.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.