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345 style=margin-left:2em; text-indent:-2em exchange, 268; Mr. Richardson's evidence in 1810, 268; existence of old practice, 271; modern bill broking, 272; interest and its consequences, 274; in time of panic, 275, 276; effect of one-reserve system, 277, 278; rivalry with Bank of England, 280; action of "Overends," 282; anomalies of position, 282, 283; German Government and, 291
 * Botly, Mr., 335, 336
 * Bullion, 45–47; committee, 268


 * Caisse d'Escompte, 89
 * Canal, Suez, 13
 * Capital, English: runs where wanted, 12, 13; sudden demands for, 13; organisation of, 14; loanable, 46; credit or capital, 124, 125; surplus of loanable, 142, 143; rise of prices, 146
 * German, 340
 * Cayley, Mr., 322, 325
 * Chancery funds, 288
 * Charles II., 91
 * Chevalier, M., 125
 * Clearing-house system, 183, 184, 185, 289
 * Commerce, English: democratic nature of, 9; prompt to seize new advantages, 10; propensity to variation, 10; foreign competition, 15; trade on borrowed capital, 16, 180; placing savings at interest, 129; beginning of companies, 129; the investing mania, 150; adventure, the life of, 220
 * Commons, House of, 1 68
 * Companies, growth of trading, 129–131, 150
 * Consols, 60, 61, 64, 195, 312
 * Credit, organisation of, 21; soundness of, 22; best credit, 49; auxiliary dealers in, 50, 51; "instinctive confidence," 68; varying nature of, 124; causes, 125; rise of prices and rise of credit, 132, 133; checks to credit, 149; sustained by large reserve, 152; an opinion generated by circumstances, 304
 * Currency (legal tender), 22, 23; limit of issue, 23–25; "cash" and "bullion," 45–47; supply of paper, 82, 83; automatic since Act of 1844, 154; reserve, 171; Bank of England notes and, 186


 * , known, 4; "borrowable money," 5; county savings, 11; bills in profitable trades, 12; peculiar and distinct, 16; dangers attending, 17, 20; nature of foreign, 35; and banking, 75–86; savings bank, 301; growth of, 339
 * Discount, Office, 195; result of raising rate of, 306
 * Downing Street, 288
 * Dundee, Bank of, 82, 330


 * , 13, 128, 288
 * Economist, the, 134, 155, 161, 162, 163, 330
 * England, Bank of. See Bank
 * Exchange, uncertain foreign, 78, 79, 80; bills of, 268
 * Exchequer, Chancellor of the, position in the Money Market. Chapter IV., 98–108; Government and banking, 99–101; deficiency bills, 102, 103; Treasury bills, 102, 103; evils of position, 105, 106; Pitt's policy, 106; authority from the, 158; Sir George Lewis as, 240; Exchequer bills, 52, 191, 192


 * , Bank of, see Bank; banking in, 75, 76, 83, 84; war indemnity to Germany, 294
 * Frankfurter Zeitung, 340


 * ," the, 275
 * Genoa, 9; bank of St. George, 77, 79