Part of: The Works and Life of Walter Bagehot, 10 vols. The Works and Life of Walter Bagehot, vol. 6

This volume contains Lombard Street, essays on Guizot & Cairnes, and The Depreciation of Silver.

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Citation

The Works and Life of Walter Bagehot, ed. Mrs. Russell Barrington. The Works in Nine Volumes. The Life in One Volume. (London: Longmans, Green, and Co., 1915). Vol. 6.

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Money & Banking

Still less should it [the government] give peculiar favour to any one [bank], and by entrusting it with the Government account secure to it a mischievous supremacy above all other banks. The skill of a financier in such an age is to equalise the receipt of taxation, and the outgoing of expenditure;…

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Money & Banking

I shall have failed in my purpose if I have not proved that the system of entrusting all our reserve to a single board, like that of the Bank directors, is very anomalous; that it is very dangerous; that its bad consequences, though much felt, have not been fully seen; that they have been obscured…

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