pound;50), or upwards--this limit was, in 1643, lowered to 300 gulden (£25)--should be paid through the bank, or in other words, by the transfer of deposits or credits at the bank. These transfers came afterwards to be known as "bank money." The charge for making the transfers was the sole source of income to the bank. The bank was established without any capital of its own, being understood to have actually in its vaults the whole amount of specie for which "bank money" was outstanding. This regulation was not, however, strictly observed. Loans were made at various dates to the Dutch East India Company. In 1795 a report was issued showing that the city of Amsterdam was largely indebted to the bank, which held as security the obligations of the states of Holland and West Friesland. The debt was paid, but it was too late to revive the bank, and in 1820 "the establishment which for generations had held the leading place in European commerce ceased to exist." (See Chapters on the Theory and History of
2013 SFR GALAXY AWARD WINNER
"Heroism and... Read more
Fans of paranormal and urban fantasy will enjoy... Read more
VOLUME ONE in the WOOD COW CHRONICLES series. <... Read more
Set in the late Georgian era, Elizabeth Bailey’... Read more
There are six secret clans across the world–Afr... Read more
"Tim Hurtletuta has forgotten something. He can... Read more
12th century England: Two men vie for the thron... Read more
Dr. Gabe Allen has a rule about dating colleagues... Read more
See it as donating a moment of your social media time, every little thing helps us improve and stay online.
The list of books below is based on the weekly downloads by our users regardless of eReader device or file format.
See more popular titles from this genre.