ABSTRACT
The structure of the London money market, by far the largest of the kind in the world, is a curious one. The four great classes into which dealers in the London money market may be divided are-, the Bank of England; the joint-stock banks; the private banks; and the discount houses. It is well to understand this, because fluctuations in the money market are of the most violent character when some of the people modes of doing without real money fail and become inefficient; at such times the demand for money and its value alike increase enormously. Loans for Russia and Denmark were brought out here, but took no money from the reader which the people could not easily spare; disturbance occurred in French, Greek, and home politics, but again no effect was discernible in money market.
