For the most part, agricultural counties do not employ as much money as they save; manufacturing counties, on the other hand, can employ much more than they save; and therefore the money of Norfolk or of Somersetshire is deposited with the London bill-brokers, who use it to discount the bills of Lancashire and Yorkshire.
The old practice of bill-broking, which Mr.Richardson describes, also still exists.

There are many brokers to be seen about Lombard Street with bills which they wish to discount but which they do not guarantee.

They have sometimes discounted these bills with their own capital, and if they can re-discount them at a slightly lower rate they gain a difference which at first seems but trifling, but with which they are quite content, because this system of lending first and borrowing again immediately enables them to turn their capital very frequently, and on a few thousand pounds of capital to discount hundreds of thousands of bills; as the transactions are so many, they can be content with a smaller profit on each.

In other cases, these non-guaranteeing brokers are only agents who are seeking money for bills which they have undertaken to get discounted.

But in either case, as far as the banker or other ultimate capitalist is concerned, the transaction is essentially that which Mr.Richardson describes.