This book, first published in 1904, is an early examination of England’s monetary system: what it is, how it was founded, grew and developed. It analyses the role of trade in this development, and works from the assumption that the material well-being of the country and all its inhabitants is largely dependent upon the money market.
1. The Beginning of Banking in England 2. The Foundation and Growth of the Bank of England 3. The Early Private Bankers 4. The Bank Charter Act of 1844, and its Suspensions 5. The Development of London as the Financial Centre of the World 6. Factors of the Money Market 7. The Bank Return 8. The Growth of Joint-Stock Banks 9. Joint-Stock Bank Balance Sheets 10. The Bill-Brokers 11. The Clearing House 12. Foreign Exchanges 13. The Money Article of the Press 14. Conclusion