Draw Bills of Exchange and make Cable Transfers to Europe, West
Indies, Mexico and California.

Execute orders for the purchase and sale of Investment Securities.

Automatic
Duplex System,

44

44

LONDON: 71 Old Broad Street, E. C.

44

44

109 Fenchurch Street,

NEW YORK OFFICES:

TELEGRAPH COMPANY

DIRECT COMMUNICATION BY FIVE CABLES.

46 Mark Lane,

2 Northumberland Avenue, Charing Cross,

W.C.

44 Hay's Wharf, Tooley Street, S. E. LIVERPOOL: A1 The Exchange. BRADFORD: 10 Forster Square.

OFFICES IN EUROPE:

D

THE ONLY DIRECT ROUTE TO GERMANY.

CARRYING CAPACITY FAR IN EXCESS OF ANY OTHER COMPANY. The Route of this Company, being the SHORTEST, is used by all the PRINCIPAL STOCKBROKERS to whom the QUICKEST OBTAINABLE SERVICE is essential.

Herfer

Telegrams "VIA ANGLO CABLES" to

Europe, Egypt, East and West Coasts of Africa, Turkey, India, China, Cochin-China, Corea,
Manila, Japan, Australia, New Zealand, South America, Zanzibar, Mozambique, Arabia, Cape of
Good Hope, Cape Verde, Madeira, and the Canary Islands, etc.,

etc.
Basement of Stock Exchange.

8 Broad Street, Telephone No. 2431 Cortlandt.
16 Beaver Street,

("

(6

870 Broad.

(6

445 Broome Street,

691 Spring.

MONTREAL OFFICE: 52 St. Francois Xavier Street, Telephone No. Bell 1027.

Automatic Duplex System.

BRISTOL Back Hall Chambers, Baldwin Street,
DUNDEE: 1 Panmure Street.

EDINBURGH: 50 Frederick Street.
GLASGOW: 29 Gordon Street.

MANCHESTER : 7 Royal Exchange, Bank Street.
NEWCASTLE-ON-TYNE: 1 Side.

PARIS AGENCY: 37 Rue de Caumartin.
HAVRE 118 Boulevard Strasbourg.

WALL STREET, CORNER BROAD,

NEW YORK.

DREXEL & CO.,

MORGAN, HARJES & CO.,

Corner of 5th and Chestnut Streets, 31 Boulevard Haussmann,

PHILADELPHIA.

DOMESTIC AND FOREIGN BANKERS.

Deposits received subject to Draft. Securities bought and sold on commission. Interest allowed on Deposits. Foreign Exchange.

Commercial Credits. Cable Transfers. Circular

Letters for Travelers, available in all

parts of the world.

ATTORNEYS AND AGENTS OF

PARIS.

MESSRS. J. S. Morgan & Co.,
MORGAN

No. 22 OLD BROAD STREET,

E

LONDON.

OF THE

Banking of
All Nations.

:::

A FEW PRESS OPINIONS.

"As a contribution toward the elucidation of the
currency and banking question, the work before us
seems to be of inestimable value. * *
* The
work has involved an enormous amount of labor and
large pecuniary expense, and it stands out admitted
as the most complete and comprehensive history of
banking that has ever appeared."-The Nation.

"This monumental work is by far the most complete publication of the kind ever issued. There has been such a flood of publications, many of them filled with glaring inaccuracies, that it is a pleasure to pick up a work so replete with real merit."-Chicago Tribune.

"The undertaking here assumed by the JOURNAL OF COMMERCE AND COMMERCIAL BULLETIN is unique, if not unparalleled, in the reign of monetary science. * * * We may add, therefore, our opinion that this field will not need to be explored again in a very ong time, except for the purpose of working over the wealth of material displayed."-N. Y. Evening Post.

"It is one of the greatest literary undertakings of
the time, and the effect of its publication should be to
familiarize the general public with the subject of
money and the financial methods of the various en-
lightened nations. * * *
It is a peculiarly timely
publication."-The Louisville Courier-Journal.

:::

LIBRARY EDITION, ROYAL OCTAVO.

Handsomely bound in half Morocco.

Price of the complete work, in four volumes,

$24.00 PER SET.

Contents and Indexes Mailed on Application.

17 & 19 Beaver Street, New York.

C

PUBLISHED BY

THE JOURNAL OF COMMERCE & COMMERCIAL BULLETIN,