Lombard Street: A Description of the Money Market is a famous book by Walter Bagehot, published in 1873. Bagehot was one of the first writers to describe and explain the world of international and corporate finance, banking, and money in understandable language.
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Historical and fundamental points on the development of banking in general and the domination of England's banking in particular are set forth in typically archaic and wordy prose. Today, the same points would be greatly condensed and simplified for clarity. In sum, the issues covered are that sound banking (and sound banks) are a product of prudent lending with appropriate reserve for the unexpected, whether due to the vissisitudes of commerce or chincanery.
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