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COTHIVALE BOOKS : Popular Ebooks And Software Library - Instant Download Worldwide Remember we are open 24 hours a day!! I am very keen on English history, in fact I did the old “A” Level History in England and passed with some fantastic percentage!! So interesting did I find this super ebook that I decided to add it to the web page. It might not appeal to everybody, it depends on your tastes of course but it’s available at a bargain price above for those who I know will appreciate it. Below is an excerpt from this very interesting account of the…… “The Rise of the London Money Market 1640 to 1826 – History – Popular Ebooks Library” Contents Introduction I: List of Works Author’s Note Preface to the Dutch Edition Chapter I 1640–1694. The Rise of the London Bankers Chapter II: 1694–1742. The Development of the Monopoly of the Bank of England Chapter III: 1742–1826. — The Development of the System of the London Money Market and the Repeal of the Monopoly of the Bank of England Conclusion Notes Introduction Dr. Bisschop’s The Rise of the London Money Market, 1640 to 1826, now for the first time translated into English, first appeared, in the original Dutch, at the Hague in 1896. It was at my request that Dr. Bisschop very kindly undertook to have the work translated, and I willingly comply with his suggestion that I should write a few lines by way of preface. Those who have worked at the history of English banking well know that the special chapter of that history which Dr. Bisschop has attacked is the most obscure and difficult of all, and has hardly been attempted by previous writers. Every historian has felt bound to give some account of the origin of our English deposit-banking, and hence every history has something to say about the Goldsmith bankers. But it is surprising how little definite knowledge we have of the business done by these men, and the very date at which they commenced operations is still uncertain. The Bank of England, after its foundation, seems to have monopolised the attention of the historian; and the parallel development of private banking has been left in the shade, to be treated mainly by local antiquaries and others, whose interests were rather personal than economic. In general histories we hear little of country banking until we come to the period of the Restriction. For the Bank of England we now have, thanks to Professor Andréadès, a fairly connected history, from its foundation to the present time. But even in regard to the Bank our knowledge is very defective, so far as concerns its actual methods of business and the nature of the instruments by which the business was carried on. Its statistical history is almost a complete blank for three-quarters of a century. There are no published returns of any authority until we come down to those arising out of the Committees towards the close of the eighteenth century, and 6/W.R. Bisschop these do not in general go back farther than 1778. For reasons difficult to understand, and in striking contrast to the practice of some other great national banks, the Bank of England has shrouded its operations in a veil of mystery, only penetrable by parliamentary inquiry. We are thus deprived of what would have been the natural clue to the history of a banking system in which the national bank has always been the predominant partner. Of late years, no doubt, we have had some very valuable contributions to our knowledge of the dark ages of English banking. Among these I would mention especially the works of Mr. Maberly Phillips on the Northumberland and Durham banks, of Mr. Cave on the Bristol banks, and of Mr. Hilton Price and the late Mr. J. B. Martin on the London banks. What little we know about seventeenth and eighteenth century banking is mainly due to these writers. In none of these works, however, do we find such a continuous history of banking operations and banking accounts as Mr. Boase has given us for Scotland in his history of the Bank of Dundee. It would be a great addition to our material for English banking history if we could have a reasoned and documented account of one or two English provincial and City banks over the period treated by Mr. Boase. All the books just mentioned, though full of matter for which students must be grateful, deal very, largely, no doubt for sufficient reasons, with personal, biographical, and often merely humouristic details. Thus it happens that the history of English banking before the nineteenth century is little more than a disconnected series of episodical sketches, dealing with incidents of runs, forgeries, and crises, and diversified with vignettes of eccentric financiers, and stories of their whims, foibles, and fortunes. In fact, we know little more of English private banking for the seventy-five years after the foundation of the Bank than we do of the Goldsmith banking for the fifty years before that event— and not a great deal more about the Bank itself after the early struggles which established its monopoly. We have no figures for any English banks, giving information as to turnover, reserves, and rates, over any period of years; such casual facts as can be gleaned are mostly to be found scattered in the works of the authors named. This statistical history, one must hope, will some day be forthcoming—at least, in the case of the national bank, whose accounts would be of the greatest historical value. But apart from statistics, we still lack, what is perhaps even more essential, a clear and scientific description of the gradual development The Rise of the London Money Market, 1640–1826/7 of banking operations, and of the precise forms of the instruments by which these operations were conducted. It is here, in the analysis of the growth of English banking business and English banking documents, that I believe Dr. Bisschop’s work will be found most valuable. I do not know where else, in the whole literature of English banking history, we can find such a close, continuous, and reasoned study of English banking business before the rise of the joint stock banks. Dr. Bisschop has known how to make use of the scanty and scattered material already published : and it will be apparent to the careful reader that he has had the good fortune to enjoy very special facilities, facilities never before accorded, so far as I know, to any historian of English banking. He has made such good use of them that one cannot but regret that they were not more freely extended. It is now beyond question that material exists which, if it could be examined by competent persons, would go far to fill the discreditable gaps in our knowledge of the history of the world famous banking system of Great Britain. In any case, Dr. Bisschop has made the most of what was available. More especially he seems to me to have thrown quite new light upon the evolution of the cheque system. Every one knows that this is the characteristic feature of English banking; and yet it is not too much to say that there is nothing more obscure than the early history of cheque banking, and the precise reasons which led to its predominance in this country. Ignorant as I unfortunately am of the Dutch language, it was clear to me that Dr. Bisschop’s book had broken new ground in this direction; and it was my sense of the importance of this part of his work that led me to ask him to allow it to be translated. I wish to take this opportunity of expressing my obligation to Dr. Bisschop for not only granting my request, but very kindly undertaking himself to have the translation made. I am sure that all those who are interested in the history of English banking will share my gratitude. H. S. Foxwell. Cambridge, October, 1910. 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