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It was related among the spectators that Eve's family, and particularly old Justus Steinberger, her father, was not in reality much displeased by the affair. The old man sneeringly remarked, indeed, that he knew his daughter well enough to wish her to belong to his worst enemy. In the banking business there is a class of security which one is pleased to see discounted by one's rivals.
The most crying need this country has is a proper banking and currency system. The existing one is inadequate, and everyone who has studied the question admits it. It is the business of the National Government to provide a medium, automatically contracting and expanding in volume, to meet the needs of trade. Our present system lacks the indispensable quality of elasticity.
His fortune was well known; he had a credit account up to seven hundred thousand francs in the great banking house of du Tillet; but he was always seen alone. When he went to "first nights," he was in a stall. He frequented no drawing-rooms. He had never given his arm to a girl on the streets. His name would not be coupled with that of any pretty woman of the world.
"Calais, Oct. 12th," are the words that now appear on the slip of paper he is scanning. "James Golding, accompanied by M. Tabort, French banking magnate, entered rear car Paris Express from London to cross the Channel. Car uncoupled in tunnel; explosion; both men instantly killed; submarine tunnel wrecked." Here is news. The instinct of the broker is awakened in the operator.
Usury laws are necessary to protect the borrowers from the lenders, and, from occasional violations, we can judge what the condition would be if the very respectable business of banking was not strictly regulated by law. We have an anti-trust law intended to prevent the devouring of small industries by large ones law made necessary by injustice nation-wide in extent.
There was no knowing where a man would stop, who had got his foot into a great mill-owning, shipowning business like that of Guest & Co., with a banking concern attached. And Mrs. Deane, as her intimate female friends observed, was proud and "having" enough; she wouldn't let her husband stand still in the world for want of spurring. "Maggie," said Mrs.
Hitherto questions of banking have been so little discussed in comparison with questions of currency, that the duty of the Bank in time of panic has been put on a wrong ground. It is imagined that because bank notes are a legal tender, the Bank has some peculiar duty to help other people.
Without the lines of communication that radiate from great commercial and financial centres, without the banking connections that make it possible for the fiscal centres to support any particular institution that is in temporary distress, without the consciousness of national solidarity in the great departments of business life, economic achievement in America would have come on halting feet.
Time was allowed by the creditors, the money was called up by separate instalments, and with the aid of £60,000 borrowed from the British Linen and the Bank of Scotland Banking Companies the name of the concern was kept out of the Gazette. After a period of five or six years the whole affairs of the company were wound up, and the plant and premises were disposed of to the Messrs.
He told me they were banking on the pair of us to bring the high-hat chaps at the head of this smuggler league to the bar, with plenty of evidence that would convict them, no matter how many big lawyers they employed to beat the case." "That sounds all to the good with me, old hoss," snapped the pleased Perk.
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