History of the London Discount Market

W. T. C. King, T.E. Gregory

Chapter I Chapter I The Rise of the Bill Brokers; Chapter II Chapter II The 1825 Crisis and Its Results; Chapter III Chapter III Growth of Central Banking Functions; Chapter IV Chapter IV Consequences of the Act of 1844—(1) The Bank's “New Discounting” Policy; Chapter V Chapter V Consequences of the Act of 1844—(2) the Crisis of 1847; Chapter VI Chapter VI The Bank and the Market: Withdrawal of Re-Discount Facilities; Chapter VII Chapter VII the Rise of the Discount Companies 1 The material contained in this section, especially the figures of the various companies, has been gathered from so wide a range of sources that the system of detailed references, followed elsewhere, has not been found practicable in this case. The principal sources, however, were the Bankers' Magazine, Bankers' Almanac, and the Economist, all of which often reproduced the actual accounts of the companies concerned, and gave full reports of their meetings. To facilitate reference, and to clarify the text, the salient facts about the companies mentioned have been tabulated in a chronological table according to dates of formation. This will be found in App. I, post, p. 324.; Chapter VIII Chapter VIII Growth of the International Money Market; Chapter IX Chapter IX The Moral Supremacy of the Bank of England;