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This "cash," as it is called, really consists chiefly of loans made by the banks to the discount houses, and regarded by the banks as the most liquid of their resources.

The bill brokers and discount houses make a business of dealing in foreign and domestic bills of exchange.

I used to read about the great discount houses and other things that conveyed absolutely nothing to my mind.

Other wheels in London's credit machinery are the London offices of colonial and foreign banks, and the bill brokers or discount houses which deal in bills of exchange and constitute the discount market.

Bills are drawn of greater number and greater magnitude, and through the agencies of banks and discount houses, the savings of the country are invested in such bills.