Money is economical power.
Everyone is aware that England is the greatest moneyed country in the world; everyone admits that it has much more immediately disposable and ready cash than any other country.

But very few persons are aware how much greater the ready balance--the floating loan-fund which can be lent to anyone or for any purpose--is in England than it is anywhere else in the world.

A very few figures will show how large the London loan-fund is, and how much greater it is than any other.

The known deposits--the deposits of banks which publish their accounts--are, in London (31st December, 1872) 120,000,000 L Paris (27th February, 1873) 13,000,000 L New York (February, 1873) 40,000,000 L German Empire (31st January, 1873) 8,000,000 L And the unknown deposits--the deposits in banks which do not publish their accounts--are in London much greater than those many other of these cities.

The bankers' deposits of London are many times greater than those of any other city--those of Great Britain many times greater than those of any other country.
Of course the deposits of bankers are not a strictly accurate measure of the resources of a Money Market.