LOMBARD STREET, 6s. net.
Third Impression.
A Description of the Money Market, by WALTER BAGEHOT. Edited with a new Preface by HARTLEY WITHERS. "There is no city man, however ripe his experience, who could not add to his knowledge from its pages."—Financial News.
"Blest paper credit! last and best supply!
That lends Corruption lighter wings to fly:
Gold imp'd by thee, can compass hardest things,
Can pocket States, can fetch or carry Kings;
A single leaf shall waft an Army o'er,
Or ship off Senates to a distant Shore;
A leaf, like Sibyl's, scatter to and fro
Our fates and fortunes, as the winds shall blow;
Pregnant with thousands flits the Scrap unseen,
And silent sells a King, or buys a Queen."
POPE, Moral Essays.
PREFACE
At a time when Finance is of greater importance than ever before, it is hoped that this small volume may be of interest and value to the public, and help the application of war's lessons to the problems that face us in peace.
The contents, with the exception of the last article on "Money or Goods?" (which appeared in the Trade Supplement of the Times for December, 1918), have already been published in Sperling's Journal, from September, 1917, to March, 1919; they have been left as they were written, except for a few verbal corrections.
I desire to express my thanks to the Editors of Sperling's Journal and of the Times for their kind permission to reprint the articles.