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Hints, by Way of Warning, on the Legal, Practical, and Mercantile Difficulties, Attending the Foundation and Management of Joint Stock Banks (Classic Reprint) - Softcover
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Excerpt from Hints, by Way of Warning, on the Legal, Practical, and Mercantile Difficulties, Attending the Foundation and Management of Joint Stock Banks
It may be desirable in the first instance, to direct attention to the course of banking generally; confining the enquiry to its rise and progress in England, without going back to Joseph, the collector of the precious metals, for the first private banker; or to the year 1200, for the first National Bank, founded in Venice, under the title of the Chamber of Loans.
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This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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Hints, by Way of Warning, on the Legal, Practical, and Mercantile Difficulties
Print on DemandSeller: Forgotten Books, London, United Kingdom
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Paperback. Condition: New. Print on Demand. This compelling book analyzes the viability of establishing Joint Stock Banks in London and Westminster, assessing the legal complexities, practical challenges, and potential consequences. Set against the backdrop of the renewal of the Bank of England Charter, it delves into the legal opinion of the Attorney and Solicitor Generals, examining the distinctions between corporate bodies and joint-stock companies. The author meticulously unpacks the various legal impediments and potential inconveniences associated with establishing an unchartered Joint Stock Bank, including the absence of a power to sue and be sued in the company's name and the lack of a clearly defined liability structure. This detailed analysis is complemented by insights from industry professionals, such as Mr. Watt, Manager and Secretary of the Hudderseld Banking Company, who emphasizes the importance of a substantial paid-up capital and the potential pitfalls of operating with limited financial resources. The book concludes by considering the potential reactions from the Bank of England and private banks in response to the establishment of Joint Stock Banks, highlighting the fierce competition and potential retaliation that could ensue. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781331184508_0
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Hints, by Way of Warning, on the Legal, Practical, and Mercantile Difficulties, Attending the Foundation and Management of Joint Stock Banks Classic Reprint
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781331184508
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Hints, by Way of Warning, on the Legal, Practical, and Mercantile Difficulties, Attending the Foundation and Management of Joint Stock Banks Classic Reprint
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781331184508
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