347
INDEX
34, 90. 92, 94. 96, 97, 101, 102, 186, 240, 242, 243, 258, 292; County Council, 101; loan fund, 4, 14; London as clearing house to foreign countries, 34; "London Banker," 253; London and Westminster Bank, see Bank; London Joint Stock Bank, 291, 292
- Lowe, Mr., weekly Government account with the Bank of England, 288
- Macaulay, Lord, 90, 92, 127, 130
- Macculloch, Mr., 14
- Merchant princes, 9, 10
- Metropolitan Board of Works, 101
- Money Market, the, concrete and real, 1; Money Market money, 5; of England, 5; liabilities and means, 17; beginning of modern, 47; two maladies of, 48, 89; panics, 49–52; why England is a great, 90. Chapter IV., The Position of the Chancellor of the Exchequer in the Money Market, 98–108; Government and its money, 98; and banks, 99–100; action in case of collapse, 103; evils of system, 105, 106; charmed life of Bank of England, 107; aid of State, 108; settlement of the value of money, 109–117; fluctuation of prices, 134–142; bill brokers and, 274, 281; publication of Bank account gives stability to, 302; sensitive state not necessarily insecure, 315; relative position of London, Appendix II., 339. See also Bank of England, Lombard Street
- Moxon, Mr., 333, 337
- Murrieta & Co., Messrs., 18
- National Debt, 92
- New York, 32
- Overend, Gurney & Co., 17, 18, 157 159, 175 182, 208, 251, 258, 259, 268, 273, 282, 331, 336
- Overstone, Lord, 237, 238
- Panic, incipient, 49; species of neuralgia, 51; of 1825, 52, 190; problem of managing, 52; strain on reserve of Bank of England, 57–66; classification of, 118; preparation for, 119; of 1866, 155, 159, 193; of 1857, 58, 160, 193; Bank of England and, 179, 181, 182, 221, 298, 312; Clearing-house during, 184; in 1844, 193; joint stock banks and, 251; brokers in time of, 275; recipe for, 302, 303, 314
- Paris, 33, 34
- Pearse, Mr., 167
- Peel, Sir Robert, 43, 190, 238; Act of 1844, see Act
- Pitt, William, 106, 191
- Queen Elizabeth, 7
- Queen Victoria, 67
- Ricardo, 14, 21, 55
- Richardson, Mr., 268–270, 271, 272, 273, 274
- Rothschild, Messrs., 202, 226
- St. Petersburg, 190
- Salomons, Alderman, 160, 277; evidence before Select Committee, 1858, Appendix I., Note B, 319, 335, 337, 338
- Savings, speculative investment of, 126–131; through bankers, 132; excess deposited in banks, 137; savings banks, 288, 301
- Scotland, Royal Bank of, 82
- Smith, Adam, 77, 80, 110, 230, 231
- Somerset House, 62
- South Sea Bubble, 130, 150, 210
- Spooner, Mr., 326
- Stock Exchange settlements, 184
- Suez Canal, 13
- "Times," the, 176
- Tocqueville, M. de, 13
- Turgot, 89
