The Banker S Magazine And Statistical Register Vol 49

The Banker s Magazine and Statistical Register  Vol  49 PDF
Author: Bankers Magazine
Publisher: Forgotten Books
Size: 66.70 MB
Category : Business & Economics
Languages : en
Pages : 430
View: 358

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The Banker S Magazine And Statistical Register Vol 49

by Bankers Magazine, The Banker S Magazine And Statistical Register Vol 49 Books available in PDF, EPUB, Mobi Format. Download The Banker S Magazine And Statistical Register Vol 49 books, Excerpt from The Banker's Magazine and Statistical Register, Vol. 49: From July to November, 1894, Inclusive But it is said that elasticity may be obtained by founding or basing a circulation on deposits, and this is the desire of very many who favor a return to the State bank system. It seems to us that there is something exceedingly vicious in founding a cur rency system on such a basis. What is the nature of these de posits? From the bank point of view they are debts which are owing to depositors. From the depositor's point of view it is true that they represent exchanges of merchandise. Are titles to property, and represent the amount of wealth expressed by them. If, therefore, a circulation is based on them. Some bankers main tain that th1s circulation is based really on the merchandise thus exchanged and therefore would possess elasticity, contracting or expanding in proportion with such exchanges. But let us not lose sight of the fact that from the bank point of view they are debts pure and simple. And nothing else. Is it not a very strange thing for a bank to use its indebtedness as a basis for issuing its own credits? Is not this the very last thing which a bank ought to do? Suppose an individual who owes a note of a thousand dollars should issue notes and attempt to put them in circulation, based on his indebtedness. Would not the proceeding seem very absurd? Would people accept them? On this theory the larger the amount of a bank's indebtedness the more circulating notes it can safely issue. If there be any truth in this proposition, the largest debtor, the biggest bankrupt. Would be the person who could. Or should issue, the most notes. It is contended that the bank has property with which to redeem these notes that are issued. In truth, it has not a dollar with which to pay them. Look at the transaction a little more closely. A bank, we will say, has of deposits. Or, in other words, owes this sum. It proposes to issue of circulating notes against these de posits, all of which are loaned to various persons. Now the de posits, as we have already said, are a debt which must be paid on demand. The notes are issued to borrowers and through them find their way into circulation. What has the bank in the way of money to pay them? It may not have a dollar in its pos session. It is true that it has parted with these notes and there are creditors who owe the bank a similar sum, but suppose they should fail, as they often have failed to pay them, what then has the bank in the way of funds to redeem these obligations? Surely it cannot use the deposits in this manner for these be long to the depositors, and the only thing left for a bank to do is precisely what has happened a thousand times. To fail. Is it not then quite absurd to issue notes based on an indebtedness of this kind? About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

The Bankers Magazine And Statistical Register Volume 39

The Bankers  Magazine  and Statistical Register  Volume 39 PDF
Author:
Publisher: Wentworth Press
Size: 71.69 MB
Category :
Languages : en
Pages : 988
View: 6805

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The Bankers Magazine And Statistical Register Volume 39

by , The Bankers Magazine And Statistical Register Volume 39 Books available in PDF, EPUB, Mobi Format. Download The Bankers Magazine And Statistical Register Volume 39 books, This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

The Bankers Magazine And Statistical Register Volume 19

The Bankers  Magazine  And Statistical Register  Volume 19 PDF
Author: Anonymous
Publisher: Wentworth Press
Size: 16.20 MB
Category : History
Languages : en
Pages : 560
View: 6487

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The Bankers Magazine And Statistical Register Volume 19

by Anonymous, The Bankers Magazine And Statistical Register Volume 19 Books available in PDF, EPUB, Mobi Format. Download The Bankers Magazine And Statistical Register Volume 19 books, This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

The Bankers Magazine And Statistical Register Vol 19

The Bankers  Magazine  and Statistical Register  Vol  19 PDF
Author: I. Smith Homans
Publisher: Forgotten Books
Size: 47.88 MB
Category : Business & Economics
Languages : en
Pages : 1052
View: 2450

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The Bankers Magazine And Statistical Register Vol 19

by I. Smith Homans, The Bankers Magazine And Statistical Register Vol 19 Books available in PDF, EPUB, Mobi Format. Download The Bankers Magazine And Statistical Register Vol 19 books, Excerpt from The Bankers' Magazine, and Statistical Register, Vol. 19: From July, 1864 to June, 1865, Inclusive III. The recent action in Congress, as to sales of or deali in gold, has been ascribed to urgent intervention on the part of the ury in the halls of legislation. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

The Banker S Almanac

The Banker s Almanac PDF
Author:
Publisher:
Size: 80.94 MB
Category : Banks and banking
Languages : en
Pages :
View: 3717

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The Banker S Almanac

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The Banker S Magazine

The Banker s Magazine PDF
Author:
Publisher:
Size: 19.32 MB
Category : Banks and banking
Languages : en
Pages :
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The Banker S Magazine

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Acts Of Congress Relating To Loans And The Currency From 1842 To 1863 Inclusive

Acts of Congress Relating to Loans and the Currency from 1842 to 1863 Inclusive PDF
Author: United States
Publisher:
Size: 69.28 MB
Category : Banking law
Languages : en
Pages : 82
View: 7406

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Acts Of Congress Relating To Loans And The Currency From 1842 To 1863 Inclusive

by United States, Acts Of Congress Relating To Loans And The Currency From 1842 To 1863 Inclusive Books available in PDF, EPUB, Mobi Format. Download Acts Of Congress Relating To Loans And The Currency From 1842 To 1863 Inclusive books,

The Bankers Magazine

The Bankers Magazine PDF
Author:
Publisher:
Size: 46.14 MB
Category : Banks and banking
Languages : en
Pages :
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The Bankers Magazine

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Deutsche Nationalbibliographie Und Bibliographie Der Im Ausland Erschienenen Deutschsprachigen Ver Ffentlichungen

Deutsche Nationalbibliographie und Bibliographie der im Ausland erschienenen deutschsprachigen Ver  ffentlichungen PDF
Author:
Publisher:
Size: 47.58 MB
Category : Austria
Languages : de
Pages :
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Deutsche Nationalbibliographie Und Bibliographie Der Im Ausland Erschienenen Deutschsprachigen Ver Ffentlichungen

by , Deutsche Nationalbibliographie Und Bibliographie Der Im Ausland Erschienenen Deutschsprachigen Ver Ffentlichungen Books available in PDF, EPUB, Mobi Format. Download Deutsche Nationalbibliographie Und Bibliographie Der Im Ausland Erschienenen Deutschsprachigen Ver Ffentlichungen books,

Aclcp Union List Of Periodicals

ACLCP Union List of Periodicals PDF
Author: Associated College Libraries of Central Pennsylvania
Publisher:
Size: 42.94 MB
Category : Periodicals
Languages : en
Pages :
View: 502

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Aclcp Union List Of Periodicals

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