CONTENTS CHAPTER I THE MORATORIUM Suddenness of the crisis — Its severity increased by the strength of London’s position — Credit and civilization — Moratorium defined CHAPTER II THE INTERNAL PROBLEM Effect of war on public mind — Hoarding — Jump in Bank rate — Action of joint stock banks — Their uncomfortable position...
In 1897 the Editor of the Advocate of India invited me to contribute to its columns a narrative of the rise, growth and collapse...

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