If the interest of money be raised, it is proved by experience that money does come to Lombard Street, and theory shows that it ought to come.
To fully explain the matter I must go deep into the theory of the exchanges, but the general notion is plain enough.

Loanable capital, like every other commodity, comes where there is most to be made of it.

Continental bankers and others instantly send great sums here, as soon as the rate of interest shows that it can be done profitably.

While English credit is good, a rise of the value of money in Lombard Street immediately by a banking operation brings money to Lombard Street.

And there is also a slower mercantile operation.