Investigation Into the Causes of the Gold Panic. Report of the Majority of the Committee On Banking And Currency. March 1, 1870
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When the examination was nearly over I saw Mr. Calender, and then the orders had ceased to be of any effect, because we had determined the point upon which the Comptroller had instructed us. But the examination seemed to create a want of confidence in the bank on the part of the public, and there was a great run on it. Then Mr. Calender consulted with me and the bank offtcers a.s to what it was best to do, he being the ofQcial examiner for the banks of the city of New York. He did not know how ...to act ; whether to do niiy thing or to let the bank go. A committee of* the clearing-house association of New York City had been in consultation with the officers of the bank, and, as I understood, the oflcers had told them that some- thing would have to be done to save the bank from failure. Then that committee, as I understood, took a part of the collaterals held by the bank to secure demand loans, in order to raise money to save the bank from failure. The committee came back, and when they said they could not do anything, Mr.
What to read after Investigation Into the Causes of the Gold Panic. Report of the Majority of the Committee On Banking And Currency. March 1, 1870?
You can find similar books in the "Read Also" column, or choose other free books by United States. Congress. House. Committee On Banking And Currency to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
When the examination was nearly over I saw Mr. Calender, and then the orders had ceased to be of any effect, because we had determined the point upon which the Comptroller had instructed us. But the examination seemed to create a want of confidence in the bank on the part of the public, and there was a great run on it. Then Mr. Calender consulted with me and the bank offtcers a.s to what it was best to do, he being the ofQcial examiner for the banks of the city of New York. He did not know how ...to act ; whether to do niiy thing or to let the bank go. A committee of* the clearing-house association of New York City had been in consultation with the officers of the bank, and, as I understood, the oflcers had told them that some- thing would have to be done to save the bank from failure. Then that committee, as I understood, took a part of the collaterals held by the bank to secure demand loans, in order to raise money to save the bank from failure. The committee came back, and when they said they could not do anything, Mr.
What to read after Investigation Into the Causes of the Gold Panic. Report of the Majority of the Committee On Banking And Currency. March 1, 1870?
You can find similar books in the "Read Also" column, or choose other free books by United States. Congress. House. Committee On Banking And Currency to read onlineMoreLess
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