The Financial Organization of Society |
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Page 12
... fact , with all the additional things that might be purchased if the automobile were foregone . The dollar unit comes to stand for a certain amount of " generalized purchasing power " and the task of making a wise apportionment of the ...
... fact , with all the additional things that might be purchased if the automobile were foregone . The dollar unit comes to stand for a certain amount of " generalized purchasing power " and the task of making a wise apportionment of the ...
Page 36
... extremely difficult to countenance . The general problem is complicated by the fact that few people have any means of knowing in advance what the trend of prices is likely to be . Hence it 36 THE FINANCIAL ORGANIZATION OF SOCIETY.
... extremely difficult to countenance . The general problem is complicated by the fact that few people have any means of knowing in advance what the trend of prices is likely to be . Hence it 36 THE FINANCIAL ORGANIZATION OF SOCIETY.
Page 37
... fact that a period of falling prices is usually a period of dull times , during which the employer endeavors to minimize his losses by reducing the number of men on the pay - roll . It is therefore commonly urged that labor always gets ...
... fact that a period of falling prices is usually a period of dull times , during which the employer endeavors to minimize his losses by reducing the number of men on the pay - roll . It is therefore commonly urged that labor always gets ...
Page 42
... fact that it makes possible a specialized exchange society , and hence large - scale production . Without a medium of exchange business transactions would have to be of the very simplest nature . Trading would have to be confined to ...
... fact that it makes possible a specialized exchange society , and hence large - scale production . Without a medium of exchange business transactions would have to be of the very simplest nature . Trading would have to be confined to ...
Page 43
... fact that monetary theory was first worked out at a time when the volume of personal and professional services was negligible , when the producing and manufacturing process was largely conducted on a non- capitalistic basis , and when ...
... fact that monetary theory was first worked out at a time when the volume of personal and professional services was negligible , when the producing and manufacturing process was largely conducted on a non- capitalistic basis , and when ...
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Common terms and phrases
acceptance American amount assets balance bankers bills of exchange bills of lading borrowed broker cent certificates chap chapter checks Chicago clearing-house coins collateral commercial banking system commercial banks commercial paper house corporation credit instruments customers dealers demand deposit accounts depositors discount dividends dollars draft economic enterprise exports Federal Reserve Federal Reserve Act Federal Reserve System financial institutions fixed capital foreign funds gold important increase individual indorsement industrial interest investment banking investors issue letter of credit liabilities loans loss ment monetary mortgage national banks operations organization paid payable payment period postal savings practice preferred stock present profits promissory note purchase purpose railroad rates receipt received risks savings banks savings institutions securities sell shares silver sold specie speculative statement Stock Exchange tion trade transfer Treasury trust company underwriting usually volume York York Stock Exchange
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.