An Introduction to the theory of statistics

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Monograph

Identifikator:: 1762969653

URN:: urn:nbn:de:zbw-retromon-142432

Document type:: Monograph

Title:: Banking standards under the federal reserve system

Place of publication:: Chicago

Publisher:: A. W. Shaw Company

Year of publication:: 1928

Scope:: xxxviii, 420 Seiten

Digitisation:: 2021

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Part II. Norms and trends in individual series for all Member Banks, by districts

Collection:: Economics Books

466 PARLIAMENTARY COLBERTISM results were most satisfactory; Canterbury “was become desolate, they are now returned to their Homes, as before they left them, in Shoals and Companies. Their Houses and their Bellies are full; They rather want Hands than Work, and there is at this Day neither Complaint nor Decay among them for lack of Employment,” while Norwich and London weavers were flourishing tool. The interest of English manufacturers served to reinforce the agitation, which had been growing among merchants, against the com- mercial and judicial privileges of this joint-stock Company, and imperilled its very existence? There i From the time of the conflict between the two Companies? 80 Goo . . . oe . grounds for the principle of maintaining a joint-stock company for the criticising management of the East Indian trade appears to have been Fhe oy generally accepted; but there was frequent complaint as to the manner in which the Company's affairs were conducted. The troubles of different kinds, which arose, were not altogether the fault of the Company, but were partly its misfortune. The English Government burdened these privileged associa- tions with heavy political and judicial responsibilities, while the French and Dutch traders, with whom they had to com- pete, were under no similar obligations, It is true, too, that in order to purchase the right to exist, the East India Company had been compelled to sink a large part of their withre- wealth in purchasing concessions from Government, and that gard to the i employ- they were often hampered for want of sufficient ready money ment of with which to carry on their trade. It was the error of not a few commercial men, at this era, that they did not sufficiently realise the limits within which credit will serve to take the place of capital. of the Manufacturers of this Nation are become excessively burdensome and chargeable to their respective Parishes and others are thereby compelled to seek for Employment in Forreigne Parts.” East India goods were to be warehoused for re-exportation and not sold within the country. 1 Reflections on the Prohibition Act (1708), p. 8 [Brit. Mus. 1029. ¢. 21 (10)]. 3 It seems as if the East India Company owed its continuance to the fact that the Government was under heavy pecuniary obligations to these merchants, and was unable to discharge them immediately. See above, p. 268. Successive administrations were unable to consider the matter dispassionately and to view the question either as one of fair-play among merchants, or of British interests in India. See p. 261, note 9. 3 Qep vn. 209 above. AD. 1689 —1776.

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