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also by a number of private firms with connections in foreign countries,
and at home, through which they place their names and credit at the
disposal of people less eminent for wealth and position, who pay them a
commission for the use of them
This business of acceptance is done not only by the great banks, but
also by a […]

In May, 1869, the Minister for Honduras in Paris, M. H—-, ‘took steps’
to issue a loan for 62,250,060 francs, or 2,490,000. Out of it a small
sum (about 62,000) was paid to the railway contractors in London, but
little of it seems to have been genuinely placed, since, when the
Franco-German war broke out in July, 1870, M. […]

has to do is to go to the Bank of England and borrow a few millions, and
the only effect on the Bank”s position is an addition of so many
millions to its holding of securities and a similar addition to its
deposits
If the commercial and financial community is short of cash, all that it
has to do is […]

not follow that they could not be sold, but only that they would have
been sold for less money
But is this so? If goods are produced more rapidly than money, it does
not follow that they could not be sold, but only that they would have
been sold for less money. The producer would have made a smaller
profit, […]