The Abc of the Foreign Exchanges a Practical Guide
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In our eReader you can find the full English version of the book. Read The Abc of the Foreign Exchanges a Practical Guide Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Abc of the Foreign Exchanges a Practical Guide
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In the first place, they did not under- stand what was meant by the suspension of the Bank Act (which is not to be wondered at, seeing that there are plenty of business men even in London who would find it difficult to say just what it means). They thought, of course, that it implied a suspension of cash payments, or what it has now become the euphuistic fashion to call a " moratorium. " And when reassured on this point there was still another difficulty. " It is all very well, " they objected,... " to say there is no reasonable ground for alarm ; but, if so, then why do the Directors of the Bank of England, who must be far better judges of the situation than Her Majesty's Government, exact such an exaggerated charge for their xv LONDON BILLS AS INVESTMENTS 99 advances ? Surely, first-class London acceptances ought to be good enough to lend on at less than ten per cent. ! If not, depend upon it, there must be some mysterious peril still hidden away in the background ; arid, unless we want to burn our fingers, we had better leave London paper alone.
What to read after The Abc of the Foreign Exchanges a Practical Guide?
You can find similar books in the "Read Also" column, or choose other free books by Clare, George to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
In the first place, they did not under- stand what was meant by the suspension of the Bank Act (which is not to be wondered at, seeing that there are plenty of business men even in London who would find it difficult to say just what it means). They thought, of course, that it implied a suspension of cash payments, or what it has now become the euphuistic fashion to call a " moratorium. " And when reassured on this point there was still another difficulty. " It is all very well, " they objected,... " to say there is no reasonable ground for alarm ; but, if so, then why do the Directors of the Bank of England, who must be far better judges of the situation than Her Majesty's Government, exact such an exaggerated charge for their xv LONDON BILLS AS INVESTMENTS 99 advances ? Surely, first-class London acceptances ought to be good enough to lend on at less than ten per cent. ! If not, depend upon it, there must be some mysterious peril still hidden away in the background ; arid, unless we want to burn our fingers, we had better leave London paper alone.
What to read after The Abc of the Foreign Exchanges a Practical Guide?
You can find similar books in the "Read Also" column, or choose other free books by Clare, George to read onlineMoreLess
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