The Financial Organization of Society |
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Page 14
... result is a great augmentation on the volume of wealth produced . Analogous to the spread of population has been the ... results . The reason why any given line of industry becomes more profitable than others is that the demands for the ...
... result is a great augmentation on the volume of wealth produced . Analogous to the spread of population has been the ... results . The reason why any given line of industry becomes more profitable than others is that the demands for the ...
Page 15
... result that the losses incident to such misdirection are minimized . Again , in the internal organization of any business , pecuniary calculations cause improvements in machinery , labor organi- zation , and administrative methods to be ...
... result that the losses incident to such misdirection are minimized . Again , in the internal organization of any business , pecuniary calculations cause improvements in machinery , labor organi- zation , and administrative methods to be ...
Page 20
... result of this accumulated world's supply is to render any yearly change in output less and less effective in influencing the value . Pour- ing a cup of water into a large tank has but a slight effect upon the level of the water in the ...
... result of this accumulated world's supply is to render any yearly change in output less and less effective in influencing the value . Pour- ing a cup of water into a large tank has but a slight effect upon the level of the water in the ...
Page 25
... result was that capitalists declined to embark their means in business . Enterprise received a mortal blow . Demand for labor was still further diminished . The business of France dwindled into a mere living from hand to mouth . This ...
... result was that capitalists declined to embark their means in business . Enterprise received a mortal blow . Demand for labor was still further diminished . The business of France dwindled into a mere living from hand to mouth . This ...
Page 26
... result of which was to cause wide- spread disorganization in mercantile trade and ultimately to modify profoundly the method of conducting mercantile busi- ness in this country . Before the Civil War it was customary for the jobbing and ...
... result of which was to cause wide- spread disorganization in mercantile trade and ultimately to modify profoundly the method of conducting mercantile busi- ness in this country . Before the Civil War it was customary for the jobbing and ...
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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.