1. Editorials.
- Subjects
FINANCE ,ECONOMIC conditions in Europe ,GOLD ,CREDIT ,INVESTORS ,BANKING industry ,PAPER money - Abstract
The article discusses several issues related to finance from different countries of the world. It is conceded by all financiers that the monetary condition in Europe is abnormal; the scramble for gold is acute and universal. Nations with good credit, alike with nations whose currency is on a paper basis, join in the efforts to get gold and to hoard it. London, England is the money clearing-house for the commercial world, and London, watching the battle now going on among Continental nations, has been carefully guarding her metal treasure. All knots come to the comb, and the Giolitti comb has got entangled in a number at the same time. Ever since the forced circulation of paper money, the banks of issue, especially the Tuscan and the Roman, have had their troubles, which have been from time to time staved off. There are two distinct parties in Italy on banking questions, the one advocating a single bank, the other that all banks are allowed to issue notes on their own account and responsibility.
- Published
- 1893