Publisher's Synopsis
Excerpt from History of Prices, Vol. 5 of 2: And of the State of the Circulation, During the Nine Years 1848 1856; Forming the Fifth and Sixth Volumes of the History of Prices From 1792 to the Present Time
The topics which I here allude to are Rail ways and the Railway System - the Origin and Progress of the Free-trade movement the State of Finance and Banking in France; and the New Discoveries of Gold. The topic of Railways was only incidentally noticed in my Fourth Volume, under the second head, with reference to the prices of the Shares and Stocks in that field of enterprise, and to the degree in which the speculations in that class of securities, and the absorption of Capital in them, had contri buted to the commercial distress in 1847 But the system was then only in the course of development. It has since attained a settled form, with gigantic proportions; and constituting, as it does, so large a part in the means of land conveyance throughout the kingdom and materially affecting Prices in various ways, it appears to me to be entitled to distinct consideration under a separate head, com prising a historical sketch of the rise and progress of the system to its present state, with an account of the fluctuations which the prices of the stocks and shares of the principal lines have undergone. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
