International Finance

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About this book

International Finance is a book by Hartley Withers. The preface says the Council for the Study of International Relations asked its writer to write one explaining what the City really does, why it is the centre of the world's Money Market. The text takes the case of a shopkeeper who has saved a hundred pounds. The shopkeeper invests his hundred pounds in the 5 per cent. debenture stock of a company being formed to extend a boot factory.

The text mentions a book called “Income”, in which Dr. Scott Nearing, of the University of Pennsylvania, draws a very sharp distinction between service income and property income. The text says that when war comes, the price of all property shrivels. The text says that in the time of the late war in the Balkans none could be found to father any financial operation in London on behalf of any of the warring peoples.

About the author

Hartley Withers

Before finance took over his working life, Hartley Withers wrote a guidebook to a cathedral. The Cathedral Church of Canterbury, issued in 1896 in Bell's Cathedral Series and revised the year after, describes the fabric of the building alongside a short history of the archiepiscopal see.