To purchase a great deal of anything. You load up with a certain stock when you buy nearly or fully up to your capacity. "He is loaded." This may mean the same as the last or may mean that he has too much of an undesirable security, of which it is impossible to dispose, except at a loss.
See " Trust Company."
See " Borrowing Stock."
See " Borrowing Stocks."
Although "local check" in clearing-house parlance would naturally indicate a check on some bank belonging to the clearing-house association, in some instances, it is used in the same sense as an "out-of-town check," or a check on some country bank.
Money is said to be "locked up" when it is not available for immediate use. Money that is "locked up " is not necessarily ill-invested, as it may be in such form that it is not adapted to other uses.
American Locomotive Co.
"The terms in London, which most nearly correspond to 1Wall Street' in New York, would be 'capel Court' and 'throgmorton Street,' Lombard Street' and 'threadneedle Street,' referring more particularly to the banking element of our city, whereas the Stock Exchange and its associations are more correctly described by the former."
Bagehot, writing of Lombard Street in 1873, said "that it is by far the greatest combination of economical power and economical delicacy that the world has ever seen. . . . Money is economical power."
Read "New York Equivalent," which applies here, transposing the two cities.
1 This Street received its name from the Lombards - Italian merchants from the republics of Genoa, Lucca, Florence and Venice - who carried on the business of banking, and who, previous to the expulsion of the Jews, settled in England.