Publisher's Synopsis
This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1859 edition. Excerpt: ...make known whether the bank was the property of one or many, and if there were partners, to make their names known at the office of a Tribunal of Commerce, before which they were to enter into obligations to comply with the law of banking, and pay all penalties. The name of each partner was to be posted up.in the bank, and the amount of his interest. Early in the 15th century, murmurs arose among the people of Genoa in regard to the financial position of the country. After several years' complaint, a commission, or committee of eight were appointed, in the year 1407, to report a plan of reform. The commissioners were men who enjoyed the confidence of all parties. They found various bodies of compere, or public creditors, each holding their own securities, and making altogether an injurious complication. The commissioners, after consulting with the classes concerned, determined upon paying off the whole public debt, and a resumption of all grants and securities. To effect this, they proposed to issue shares of 100 lires each, in sufficient amount to pay off the whole, so far as the holders could receive payment. To the shares thus issued were added some banking privileges, and they were to be secured by the reassignment, on the part of the republic, of such part of the customs, revenues, taxes and property before held by the compere, as were deemed adequate, to be enjoyed by the House of St. George upon the same terms and privileges, and with the same rights and remedies, which accompanied them in the hands of the compere. The number of shares to be issued were 4767. The Bank of St. George was established in pursuance of the recommendations of the commission, a further loan was effected by the republic, and the measure-appeared to find...
