The Financial Organization of Society |
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Page 261
Harold Glenn Moulton. European reconstruction was dependent upon American loans . The agitation for the extending of great loans to Europe for reconstruction purposes , both in the form of goods sold on long- time credit and by purchases ...
Harold Glenn Moulton. European reconstruction was dependent upon American loans . The agitation for the extending of great loans to Europe for reconstruction purposes , both in the form of goods sold on long- time credit and by purchases ...
Page 331
... loans are made on real estate security ; ( 5 ) $ 15,000 of loans are made on other collateral , mainly stocks and bonds ; ( 6 ) $ 30,000 of other loans ( unclassified ) are made , mainly on the promissory notes of individuals ; and ( 7 ) ...
... loans are made on real estate security ; ( 5 ) $ 15,000 of loans are made on other collateral , mainly stocks and bonds ; ( 6 ) $ 30,000 of other loans ( unclassified ) are made , mainly on the promissory notes of individuals ; and ( 7 ) ...
Page 343
... loans are doubtless for fixed capital purposes , a considerable , and an increasing , percentage of them are for short - time purposes . Therefore , in the diagram on page 136 a line might well have been drawn from savings banks to the ...
... loans are doubtless for fixed capital purposes , a considerable , and an increasing , percentage of them are for short - time purposes . Therefore , in the diagram on page 136 a line might well have been drawn from savings banks to the ...
Page 345
... loans to business concerns . They also make very large " policy loans " to the individuals whom they have insured , and thus play an important part in the extension of funds for temporary consumptive or productive needs . The following ...
... loans to business concerns . They also make very large " policy loans " to the individuals whom they have insured , and thus play an important part in the extension of funds for temporary consumptive or productive needs . The following ...
Page 346
... loans on real estate mortgages . The mortgage loans of 148 life insurance companies , comprising 981 per cent of all such loans , were divided between loans on farm property and other real estate in an interesting way . Seventeen ...
... loans on real estate mortgages . The mortgage loans of 148 life insurance companies , comprising 981 per cent of all such loans , were divided between loans on farm property and other real estate in an interesting way . Seventeen ...
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Common terms and phrases
acceptance American amount assets balance bank notes bankers banking system bills of exchange bimetallism bonds borrowed broker bullion cash cent certificates chap chapter checks Chicago clearing-house coinage coins collateral commercial banks commercial paper house commodities corporation credit instruments demand deposit deposit accounts depositors depreciation discount dividends dollars draft economic enterprise exports Federal Reserve Act Federal Reserve bank Federal Reserve Board Federal Reserve notes Federal Reserve System financial institutions foreign funds gold Gresham's law important income increase individual indorsement industrial investment banking investors issue liabilities loans means member banks ment monetary mortgage national banks necessary obligations operations organization paid payable payment pecuniary unit period preferred stock production profits promissory note purchase purpose received risks savings banks securities sell shares silver sold specie speculative standard Stock Exchange tion trade Treasury trust company underwriting usually volume York
Popular passages
Page 174 - Except as herein otherwise provided, when a negotiable instrument has been dishonored by nonacceptance or nonpayment, notice of dishonor must be given to the drawer and to each indorser, and any drawer or indorser to whom such notice is not given is discharged.
Page 545 - No association shall make any loan or discount on the security of the shares of its own capital stock, nor be the purchaser or holder of any such shares, unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith...
Page 144 - Company. In a pompous advertisement it was announced that the directors of the Royal Academies Company had engaged the best masters in every branch of knowledge , and were about to issue twenty thousand tickets at twenty shillings each. There was to be a lottery: two thousand prizes were to be drawn; and the fortunate holders of the prizes were to be taught, at the charge of the Company, Latin, Greek, Hebrew, French, Spanish, conic sections, trigonometry, heraldry, japanning, fortification, bookkeeping...
Page 739 - States, shall have as a director or other officer or employee any private banker or any director or other officer or employee of any other bank, banking association or trust company located in the same place...
Page 143 - There were a few joint stock companies, among which the East India Company held the foremost place: but the demand for the stock of such companies was far greater than the supply. Indeed the cry for a new East India Company was chiefly raised by persons who had found difficulty in placing their savings at interest on good security. So great was that difficulty that the practice of hoarding was common.
Page 589 - Any Federal reserve bank may, under rules and regulations prescribed by the Federal Reserve Board, purchase and sell in the open market, at home or abroad, either from or to domestic or foreign banks, firms, corporations, or individuals, cable transfers and bankers...
Page 72 - That if any person shall falsely make, forge, or counterfeit, or cause or procure to be falsely made, forged, or counterfeited, or willingly aid or assist in falsely making, forging, or counterfeiting, any...
Page 544 - Such as shall be conveyed to it in satisfaction of debts previously contracted in the course of its dealings. Fourth. Such as it shall purchase at sales under judgments, decrees, or mortgages held by the association, or shall purchase to secure debts due to it.
Page 545 - ... the discount of bills of exchange drawn in good faith against actually existing values.
Page 544 - Any such bank may make such loans in an aggregate sum equal to twenty-five per centum of its capital and surplus or to one-third of its time deposits and such banks may continue hereafter as heretofore to receive time deposits and to pay interest on the same. The Federal Reserve Board shall have power from time to time to add to the list of cities in which national banks shall not be permitted to make loans secured upon real estate in the manner described in this section.