THE BANK OF ENGLAND.

The equilateral triangle represents the Bank-paper, the outside space being filled up with Bills and Checks dependent on Credit.

The foundation of the Bank-paper is the metallic coinage in copper, silver, and gold, in their respective proportions.

The basis of the whole is Industry.

The Circle represents eternity, and the legend within records a great commercial truth.

THE

BANK OF ENGLAND:

AND THE

ORGANISATION OF CREDIT

IN ENGLAND.

Second Edition, Bebised and Enlarged:

WITH THE EVIDENCE

" OF

MM. ISAAC AND ÉMILE PEREIRE

BEFORE THE FRENCH COMMISSION OF INQUIRY
INTO THE BANK OF FRANCE:

ALSO

ABSTRACT OF THE AMERICAN FREE

BANKING ACT.

"THE WELFARE OF THE PEOPLE IS THE HIGHEST LAW."

LONDON:

LONGMANS, GREEN, READER, & DYER.

1866.

232. f: 27.

J. E. TAYLOR AND CO., PRINTERS,

LITTLE QUEEN STREET, LINCOLN'S INN FIELDS.

NOTE FROM THE AUTHOR.

SECOND EDITION.

SINCE the publication of the first edition of this book, the Author has had the honour of corresponding with M. Isaac Pereire, of Paris, and has received from him copies of the evidence of himself and his Brother, M. Émile Pereire, before the recent French Commission of Inquiry into the Bank of France.

Some additions have been made to Chapter X., for the purpose of directing the attention of English readers to the last admirable work of M. Isaac Pereire,-"Principes de la Constitution. des Banques, et de l'Organisation du Crédit ;" and