The Bubbles of Finance: Joint Stock Companies, Promoting of Companies, Modern Commerce, Money Lending, and Life Insuring

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S. Low, Son, and Marston, 1865 - 261 páginas
 

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Página 209 - ... out a prospectus for our bank, it was necessary both to study the commercial statistics of Patagonia, and to quote largely from papers and other documents relating to its produce and trade, or else to trust to chance, and write, as it were, a pleasantly coloured picture respecting our prospects of banking in that country. The former I was afraid would take up too much time, and therefore I chose the latter. ... I commenced the document by stating that "This company has been formed for the purpose...
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Página 161 - Levant trade — took to trafficking in bills which had really nothing whatever behind them in the way of money or capital, that a regular and large profit began to be made out of this kind of paper. But, to do them justice, the Greeks are the only people in the world that could carry on that extraordinary trade, because they form the only nation the natives of which have implicit confidence in one another. Whatever a Greek may be to the foreigner, he is always true to his countrymen.

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