The Financial Organization of Society |
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Page 5
... necessary for a system of notation to be developed before trading could be conducted on any con- siderable scale ; for it is apparent that without a means of quantitative measurement of the goods to be purchased or sold , the risk ...
... necessary for a system of notation to be developed before trading could be conducted on any con- siderable scale ; for it is apparent that without a means of quantitative measurement of the goods to be purchased or sold , the risk ...
Page 6
... necessary commensurability to pounds , quarts , and bushels— and to wheat , cattle , and cloth - and was thus one of the most significant developments in history . It was the final vital step in the evolution of means of communicating ...
... necessary commensurability to pounds , quarts , and bushels— and to wheat , cattle , and cloth - and was thus one of the most significant developments in history . It was the final vital step in the evolution of means of communicating ...
Page 8
... necessary to the success of the enterprise . Investors also study , with the aid of pecuniary accounts , the prospective value of the securities , and since investors hold the purse strings , they have the power to veto the judgment of ...
... necessary to the success of the enterprise . Investors also study , with the aid of pecuniary accounts , the prospective value of the securities , and since investors hold the purse strings , they have the power to veto the judgment of ...
Page 11
... necessary changes and the rapidity with which they should be accomplished rest on cost computations expressed in terms of money . III . THE PECUNIARY UNIT AND THE APPORTION- MENT OF FAMILY EXPENDITURES Not only does the pecuniary unit ...
... necessary changes and the rapidity with which they should be accomplished rest on cost computations expressed in terms of money . III . THE PECUNIARY UNIT AND THE APPORTION- MENT OF FAMILY EXPENDITURES Not only does the pecuniary unit ...
Page 12
... necessary to provide , upon retirement , an income sufficient to insure himself and depend- ents from want . Let us assume that in a given case this is $ 3,000 a year . To make sure of a perpetual income of $ 3,000 a year it is ...
... necessary to provide , upon retirement , an income sufficient to insure himself and depend- ents from want . Let us assume that in a given case this is $ 3,000 a year . To make sure of a perpetual income of $ 3,000 a year it is ...
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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.