Eclectic Magazine of Foreign Literature, Science, and Art, May 1885Various
History
Eclectic Magazine of Foreign Literature, Science, and Art, May 1885
Various
American literature -- Periodicals; Literature -- Periodicals
But he soon found that this would not do. The villagers had no mind to
be robbed of their triumph, and were quite certain they understood the
matter better than he did, and they used such forcible arguments to
convince Pietro of the justice of their views, that he retired to his
bed for a fortnight, and after that, not only gave Palenella a very
wide berth, but soon left the district and went to Naples.
Mother Ceprano behaved in a most amiable and polite manner to her
future son-in-law, who, by Lucia’s advice, determined to let the little
property at Palenella and allow his mother-in-law the rent of it for
her life. Also he made up his mind to sell his business in Palene and
have a nice barber’s shop and small _café_ in Rome, where he and Lucia
would do their utmost to please their customers.
Three weeks later the marriage was celebrated with much firing of guns
and rockets in the presence not only of the whole village, but of most
of the inhabitants of the town of Palene, and there was every reason to
hope that it would prove a happy one, in spite of the strange way in
which bride and bridegroom had been brought together.—_Belgravia._
THE BANK OF ENGLAND.
BY HENRY MAY.
The simple definition of banking is money-dealing. A banker properly
so called is but a tradesman engaged in buying and selling money,
that symbol of wealth which in all civilised countries facilitates or
renders possible the exchange of commodities, which are wealth itself.
A banker produces nothing, nor does he, except in a most indirect
manner, add anything to the wealth of the country. His business is
the collection and distribution of that general representative of
merchandise, money, much in the same way as an ordinary shopkeeper
collects and distributes the special articles of his individual
trade. Joint-stock banks, then, are but co-operative distributing
associations formed for the purpose of fighting against some real or
fancied oppression, and of competing, to the supposed advantage of
the public, with private enterprise. They are formed for the purpose
of competing with private bankers whose business they appear to be
gradually absorbing, possibly by a sort of process of the survival of
the fittest. In this way the origin, in 1694, of the Bank of England,
the parent joint-stock bank of the kingdom, and the largest and most
important money-dealing institution in the world, may be traced to the
combination of the Government, merchants, traders, and the general
public to oppose the exactions, usury, and financial tyranny of the
goldsmiths and stock-jobbers of the period. A very limited acquaintance
with pamphlets published at the time of the Great Revolution will
show that the Bank of England was the natural outcome of necessity,
a necessity which guaranteed its success if honestly and prudently
managed. Through its means the foundation of a safe paper currency was
secured, the national credit maintained, and the system of usury and
Public-domain text, read in full here on John Shaqi.
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