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Archive for February 19th, 2008

19 Feb

It need not be said that these proposals have aroused the liveliest

interest
It need not be said that these proposals have aroused the liveliest
interest. At the Bank Meetings held since then several chairmen
have been asked by their shareholders to express their views on Sir
Edward”s proposed revolution. Sir Felix Schuster pronounced cautiously
in favour of the revision of the Bank Act, and said that he had
advocated it seventeen years […]

19 Feb

After the building of the Canal, the command of this short cut to India

made Egypt still more important
After the building of the Canal, the command of this short cut to India
made Egypt still more important. England bought shares in the Canal, so
using finance as a means to a political object; and it did so still more
effectively when it used the Egyptian default and the claims of English
bondholders as […]

19 Feb

With regard to the goods that we might have available for export,

these were likely to be curtailed owing to the diversion of a large
number of our industrial population into the ranks of the Army and
into munition factories
With regard to the goods that we might have available for export,
these were likely to be curtailed owing to the diversion of a large
number of our industrial population into the […]

19 Feb

In short, finance, if left to itself, is international and peace-loving

In short, finance, if left to itself, is international and peace-loving.
Many financiers are at the same time ardent patriots, and see in their
efforts to enrich themselves and their own country a means for
furthering its political greatness and diplomatic prestige. Man is a
jumble of contradictory crotchets, and it would be difficult to find
anywhere a financier who […]

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