...are spreading through the small towns and villages, and a principle of competition exists which tends to the extinction of all private banks, and to their conversion into banking companies. Many of these establishments have neglected the application of the fundamental principles of banking....

...above-named Act, 7 Geo. IV. cap. 46, for permitting the establishment of joint-stock banks : — " The evidence taken before your committee, and the...of settlement of the greater number of the existing jointstock banks, and they proceed to submit to the House an analysis of some of their leading provisions....

...year, though apparently desiring to criticise the conduct of joint-stock banks, was led to declare, " A principle of competition exists, which leads to...and to their conversion into banking companies." The reason for this extraordinary growth is not immediately apparent, but probably a recognition of their...

...followed a policy of establishing branches, and by 1836, a committee of the House of Commons reported that . . . new companies are daily forming, and that...private banks, and to their conversion into banking companies.1 In the meantime, the monopoly of the Bank of England had been further limited by a change...

...year, though apparently desiring to criticise the conduct of joint-stock banks, was led to declare, " A principle of competition exists, which leads to the extinction of all Private Banks and to then- conversion into banking companies." The reason for this extraordinary growth is not immediately...