The Mechanism of the City, Vol. 8

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Excerpt from The Mechanism of the City, Vol. 8: An Analytical Survey of the Business Activities of the City of LondonI am not aware that, down to the present time, any attempt has been made to deal with the subject ingthis way. If my attempt should be successful, the reader ought, when he has carefully digested the facts of the survey, to be able to select, at random, any part Of the movement of the vast City mechanism, and to characterise, with complete accuracy, the function which it discharges and the economic purpose which it subserves. He ought to be able to refer any of the myriad activities to the few basic principles (such as credit and transfer )which, after all the embarrassing undergrowth has been cut away, remain as the central and predominant control of the whole gigantic process. Ruthless analysis, and a determination to exhibit modern financial methods as merely an adaptation of the most ordinary modes of chaffering, will perhaps be recognised as the outstanding characteristics of the essay. I am quite content that it should be so.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis 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.