Publisher's Synopsis
Excerpt from London Banking Life, Papers on Trade and Finance
There were in the succeeding months spasmodic periods of repose and activity, Of calm quietude and rampant speculation of ease and comfort in the money market, and then of unusual, indeed severe, stringency. Those who followed the art and mysterie of banking were Often in serious, sedate wonderment; yet their functions were legitimately performed, attracting the uninvested capital of the world, and distributing it again throughout the ever expanding surface of State loans and trade discounts; stimulating new enterprises, fostering home, colonial and foreign interests and finally heaping up almost fabulous profits for the benefit Of those inactive Shareholders who are drones in the hive Of industry, absorbing everything, but yielding little or nothing either in prudence or business.
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