The rise of the bill; brokers: growth of financial intermediaries | |
brokers as agents for country banks | |
bill broking in 1810 | |
discount rates and the usury laws | |
the origin of Overend, Gurney & Co | |
Samuel Gurney comes to London | |
rapid spread of the bill broker system, 1810-25 | |
widespread use of the domestic bill | |
The 1825 crisis and its results: the beginnings of joint stock banking | |
provincial joint stock bank re-discounts | |
early joint stock bank call loans | |
the bank of England branches | |
effects upon country bank re-discounting | |
discrimination against joint stock issuer's paper | |
the end of London bank re-discounting | |
Growth of central banking functions: early efforts at credit control | |
the policy of a "fixed and uniform" bank rate | |
the first "open market" operations | |
re-discount facilities for the bill market | |
abuse of bill credit in the '30s | |
advantages of the re-discounting system | |
Consequences of the act of 1844 - the bank's "new discounting" policy: theory of the act of 1844 | |
competitive discounting by the bank | |
the principle of the "minimum" rate | |
steady growth of the bill market | |
the supremacy of Overend, Gurney | |
long usances and their abuse | |
bill market borrowing at the bank | |
Consequences of the act of 1844 - the crisis of 1847: the railway "mania" | |
bank's competition stimulates credit abuses | |
reckless lending - and its sequel | |
first suspension of the bank act | |
was the bank to blame? | |
bank's special power to influence rates | |
bank act controversy obscures the real issues | |
bank rate technique after 1847 | |
an unconscious advance towards modern practice | |
The bank and the market - withdrawal of re-discount facilities: rapid growth of trade and of banking | |
expansion of the call loan system | |
"one-name" re-discounts | |
market call loans and reserve policy | |
reliance upon the bank - an over-trading | |
were the discount houses mis-judged? | |
the crisis of 1857 | |
the bank closes market "discount" accounts | |
the practice of "keeping strong" | |
discount houses "versus" the bank | |
"intimidation" | |
The rise of the discount companies: discount companies in the leather crisis | |
boom in "financial" flotations | |
the national's new capital | |
the "triumph" of limited liability | |
collapse of the "corner house" | |
why did Gurney's fail? | |
liquidation of Overend, Gurney & Co, Ltd | |
supremacy of the national discount | |
discount companies from 1885 to 1913 | |
Growth of the international money market: the mania for foreign loans | |
internationalization of commerce | |
decline of the domestic bill | |
the birth of the treasury bill | |
foreign balances and sensitivity | |
The moral supremacy of the bank of England: abandonment of the rule of "following" the market | |
deposit allowances and excessive competition | |
the "private and personal" rate of the bank of England | |
bank's struggle for mastery - ineffectiveness of bank rate in the '80s | |
the vigour of William Lidderdale | |
the Baring crisis and after | |
control regained - the effectiv | |
Table of Contents provided by Publisher. All Rights Reserved. |

History Of The London Discount Market
by King,W. T. C.-
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