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From the Foreword by Geo. Armitage-Smith: MONEY and the various forms of credit, though familiar in ordinary life and business affairs and apparently simple, raise many problems in the intricacies of banking, in financial operations in commerce, and in foreign monetary relations, all of which are carried out through the various kinds of representative money. The evolution of money in its various forms is an interesting study and the developments of mercantilism have created many new problems by the extent and complexity of world-wide financial relations. This volume aims at explaining the various functions and services of money and describes the origin, development and special attributes of the many forms of credit instruments in existence. The author is an expert in monetary affairs, Home and Foreign. His comprehensive knowledge and experience enable him to explain very clearly the origin and development of credit instruments and their special functions, and his familiar acquaintance with monetary affairs renders him a judicious guide in the study of the intricate problems of finance. He is an enthusiastic and widely read student in the technicalities of the Foreign Exchanges: thus his historical knowledge is considerable, and his pertinent accounts of the evolution of the monetary and documentary instruments of trade are as interesting as they are instructive.

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9781499764895

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