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The Project GutenbergEBookof Lombard Street: A Descriptionof the Money Market, byWalter Bagehot
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Title: Lombard Street: A Descriptionof the MoneyMarket
Author: Walter Bagehot
PostingDate: October 29, 2010
Release Date: August, 2003 [Etext #4359]
[This file last updated November 5, 2010]
Language: English
***START OF THIS PROJECT GUTENBERG EBOOK LOMBARD STREET ***
Produced byEdited byCharles Aldarondo (aldarondo@yahoo.com)
LOMBARD STREET
A Descriptionof the MoneyMarket.
ByWALTER BAGEHOT
CHAPTER I.
Introductory.
I venture to call this Essay`Lombard Street,` and not the `MoneyMarket,` or any suchphrase, because I wishto deal, and to show that I meanto deal, withconcrete realities. A notionprevails that the Money Market is somethingso impalpable that it canonlybe spokenof inveryabstract words, and that therefore books onit must always be exceedinglydifficult. But I maintainthat the MoneyMarket is as concrete and real as anythingelse; that it canbe described inas plainwords; that it
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