Our Banking System

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Excerpt from Our Banking System: And the Sufficiency or Insufficiency of Our Cash ReservesAlthough the question of the sufficiency or insufficiency of the cash reserves of the country is one which attracted considerable attention at the beginning of last year, when Mr. Goschen delivered his famous speech at Leeds, very little action has hitherto been taken in the matter, and the present may not be an inopportune time at which to consider whether any further action is required. For nearly two years the country has been labouring under one of those periods of depression which invariably follow any great crisis. There are now some signs of improvement, and of the return. Of better times but when the good time comes people very soon forget the lesson of the past. In the following treatise the Author has endeavoured to show that the banks are not altogether to blame for the periodical crises to which our banking system is at present exposed, and has made some attempt to indicate the nature and extent of the remedy. For his statistics he is indebted to Mr. Crump's Key to the London Market (which, unfortunately, has only been carried to the close of the year Mr. Palgrave's Bank Acts and Bank Rate, Mr. Haupt's The Monetary Question in 1892, and Mr. Skinner's London Banks and Kindred Companies and Firms.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.