The Financial Organization of Society |
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Page xxiii
... Deposits of NEW YORK CITY CLEARING - HOUSE BANKS , 1890-1908 498 CHART : SEASONAL VARIATIONS OF VARIOUS KINDS OF MONEY and of DeposITS IN THE UNITED STATES , 1890-1908 . 499 CHART : WORLD MOVEMENT OF PRICES , 1914-1920 626 CHART ...
... Deposits of NEW YORK CITY CLEARING - HOUSE BANKS , 1890-1908 498 CHART : SEASONAL VARIATIONS OF VARIOUS KINDS OF MONEY and of DeposITS IN THE UNITED STATES , 1890-1908 . 499 CHART : WORLD MOVEMENT OF PRICES , 1914-1920 626 CHART ...
Page 59
... deposits is repeatedly pointed to as an evidence of the great increase in the nation's wealth , but the truth is that the doubled price level now requires business men to use twice the volume of funds in order to conduct the same volume ...
... deposits is repeatedly pointed to as an evidence of the great increase in the nation's wealth , but the truth is that the doubled price level now requires business men to use twice the volume of funds in order to conduct the same volume ...
Page 60
... deposits as have the European countries ; for the greater the rise in the level of prices , the greater is the increase in the volume of deposits . It is also frequently observed that the war has given rise to a great increase in the ...
... deposits as have the European countries ; for the greater the rise in the level of prices , the greater is the increase in the volume of deposits . It is also frequently observed that the war has given rise to a great increase in the ...
Page 69
... deposits . If the bullion deposited is found to be of less value than $ 100 , it may be legally refused . If , upon ... deposit has been ascer- tained and recorded , the assayer takes at least two samples in suffi- cient portion for ...
... deposits . If the bullion deposited is found to be of less value than $ 100 , it may be legally refused . If , upon ... deposit has been ascer- tained and recorded , the assayer takes at least two samples in suffi- cient portion for ...
Page 70
... deposits . — In case of deposits , the fineness of which may be readily determined approximately by inspection , payments may , at the discretion of the superintendents of the coinage mints and the assay office at New York , be made ...
... deposits . — In case of deposits , the fineness of which may be readily determined approximately by inspection , payments may , at the discretion of the superintendents of the coinage mints and the assay office at New York , be made ...
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Common terms and phrases
acceptance American amount assets balance bank notes bankers banking institutions banking system bills of exchange bills of lading bonds borrower broker business cycle cash cent certificates chap chapter checks Chicago clearing-house coins collateral commercial banks commercial paper house corporation credit instruments currency demand deposit accounts depositors deposits discount dividends dollars draft economic effect enterprise exports Federal Reserve Act Federal Reserve bank Federal Reserve Board Federal Reserve notes Federal Reserve System financial institutions fixed capital foreign funds gold important increase individual indorsement industrial interest rates investment banking investors issue liabilities member banks ment monetary mortgage national banks necessary operations organization paid payable payment pecuniary unit period practice profits promissory note purchase purpose received savings banks securities sell silver specie speculative statement stock exchange tion trade Treasury trust company underwriting usually volume York
Popular passages
Page 555 - But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed.
Page 176 - 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 555 - 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 146 - 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 771 - 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 72 - Philadelphia, shall be the standard troy pound of the mint of the United States, conformably to which the coinage thereof shall be regulated.
Page 599 - 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 614 - Federal reserve notes may, upon the direction of the Secretary of the Treasury, be deposited in Federal reserve banks, which banks, when required by the Secretary of the Treasury, shall act as fiscal agents of the United States ; and the revenues of the Government or any part thereof may be deposited in such banks, and disbursements may be made by checks drawn against such deposits.
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 554 - 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.