Bank Credits from Deposits.

A simple Book-transfer effects Payment

Bank Credits from Loans.

Bank Loans an addition to the Aggregate of Money

This third Element of Money very variable

London Private Banks form one Bank

Mr. Newmarch's Estimate of Discounts

Bankers an essential Part of our Money System

Bank Credit fluctuates from Confidence and Distrust

Confidence depends on Regularity of Commerce

Regularity depends on correct Anticipation of Supply and Consumptive

Demand

Bank Deposits could not all be paid

Bank Credit to some extent as permanent as Gold

Original and Factitious Money

Bank Credit at any moment definite in amount

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CHAP. III.-MONEY CAPITAL.

The first Saving in a Currency was Money Capital .

A Saving in a Currency differs from a Saving made in Commodities

Money Capital passes into Money Income

Money the Basis of industrial Calculations

The Aggregate of Income the "Return Power" to Capital

Proportion between Capital and Income

A general Glut habitual in England

Tendency to speculative Excitements progressive

Speculative Enterprises convert Capital into Income

Destruction of Capital leads to Saving

Banking Facilities after a Crisis

Money Capital lost reappears in new Hands

A definite Relation between Capital and Income

Aggregate of Income, how increased

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Incomes created by investing Capital in Manufactures

Incomes derived from Profits.

Revolution of Capital and Income

How is return to new Capital possible?

Return to old Capital diminished

Old Capital spent as Income

Effect of new Incomes upon Aggregate of Income

CHAP. V.-THE REVOLUTION OF CAPITAL AND INCOME.

Verification of the Law of Revolution

Money Capital squandered returns into new Hands

The Revolution of Capital and Income may be quickened or retarded

Law of the Increase of Capital

The Bank Restriction Act

Habitual Standard of Value

Conduct of the Bank under the Restriction

Present Monetary Position of the Bank

Power of the Bank over the Money Market

Reaction after Speculative Excesses

Misery produced by a Commercial Crisis

Dangers of a high Commercial Organization

No cure but a Moral one.

CHAP. IX.-THE NEW GOLD.

Prospect of long-continued Changes

Structure of Society in Lancashire

Need of new Moral Influences

Reactions from over-trading

Rule for the Management of the Bank

The Bank not a private Concern

Note on the Proposal to fix a Minimum Rate of Discount for the Bank of

England

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CHAP. X.-SOLUTION OF THE PROBLEM.

Conclusions respecting Capital

Theory of Depreciation

PART II.-PRECAUTIONS.

CHAP. I.-POLITICAL ECONOMY AND ITS PREJUDICES.

Political Economy built on Suppositions .

Economical Truths not Moral Rules

Doctrine of Laisser faire.

Resistance to the Principle of Laisser faire

CHAP. II.-TAXATION.

Ancient Feeling respecting Taxation

Present Danger from Dislike to Taxation

Mr. Norman on Taxation

Mr. Ricardo on Taxation

Real Incidence of Taxation

Effect of Remission on Producers and Consumers

Questions of Taxation subordinate

CHAP. III.-RURAL LIFE AND EMPLOYMENTS.

Rural Scenery of England

Its Moral and Social Effects

Present State of Agriculture

A Stimulus wanted

Transfer of Local Taxation

Transfer of Land to new Hands

Effects of regarding only the Amount of Produce

Duties of Landlords

Note upon Agricultural Labourers

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CHAP. V.-LOANS FOR COLONIZATION AND EMIGRATION.

Principle of Loans applies to other Cases

Misdirection of Capital in 1845

Wakefield and Buller on Colonization

Colonization by the English Aristocracy.

Supply of Wool from Australia

Effects of the new Gold in Australia

Probable Effects of Emigration

Importance of the Supply of Wool

Supply of Cotton

CHAP. VI.-LOANS FOR THE IMPROVEMENT OF TOWNS.

A Town Life the future Life of England.

Evils of a Town Life

Healthy Habitations wanted

Loans for Town Drainage and Water Supply

Loans for Improvement of Dwellings

CHAP. VII.-WORKING PARTNERSHIPS.

Socialism-Doctrine of Fourier

Christian Socialism.

Socialism on the Continent

Socialist Tendencies in England

Reform in the Law of Partnership

Popular Belief respecting Profits

Workmen may become Capitalists

Partnership an Instrument of Social Improvement

Joint-Stock Undertakings by the Middle Classes

Moral Aids to Co-operation

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