The Financial Organization of Society |
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Page xix
... Transferring Wealth 170 CHAPTER XIII . THE MARKETING OF LOW - GRADE SECURITIES I. The Promotion of Fraudulent and Worthless Securities 186 II . The Sale of Highly Speculative Securities III . Blue Sky Legislation 191 197 IV . Suggested ...
... Transferring Wealth 170 CHAPTER XIII . THE MARKETING OF LOW - GRADE SECURITIES I. The Promotion of Fraudulent and Worthless Securities 186 II . The Sale of Highly Speculative Securities III . Blue Sky Legislation 191 197 IV . Suggested ...
Page 10
... transfer with a minimum of loss . It should be borne in mind that since the industry as a whole is in a declining state , the establishment cannot readily be sold to someone else . He must either ( a ) convert an establishment that ...
... transfer with a minimum of loss . It should be borne in mind that since the industry as a whole is in a declining state , the establishment cannot readily be sold to someone else . He must either ( a ) convert an establishment that ...
Page 32
... transferring their bonds , or by flying from the presence or neighborhood of their debtors . A hog or two would pay for a slave ; a few cattle for a comfortable house ; and a good horse for an improved plantation . A small part of the ...
... transferring their bonds , or by flying from the presence or neighborhood of their debtors . A hog or two would pay for a slave ; a few cattle for a comfortable house ; and a good horse for an improved plantation . A small part of the ...
Page 43
... transfer to the hands of those who are to consume them . The common failure of writers on money to call attention to the part that money plays in effecting the exchange , on the one hand of personal and professional services , including ...
... transfer to the hands of those who are to consume them . The common failure of writers on money to call attention to the part that money plays in effecting the exchange , on the one hand of personal and professional services , including ...
Page 50
... transferred to ultimate consumers whose exchange is effected by the use of money ? 10. Do you regard the transfer of services under modern conditions as relatively unimportant ? Do you regard the payment of money wages as an exchange ...
... transferred to ultimate consumers whose exchange is effected by the use of money ? 10. Do you regard the transfer of services under modern conditions as relatively unimportant ? Do you regard the payment of money wages as an exchange ...
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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.