Sound Currency 1895 1896 a Compendium of Accurate And Timely Information On Cu
Sound Currency 1895 1896 a Compendium of Accurate And Timely Information On Cu
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In our eReader you can find the full English version of the book. Read Sound Currency 1895 1896 a Compendium of Accurate And Timely Information On Cu Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Sound Currency 1895 1896 a Compendium of Accurate And Timely Information On Cu
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In 1831 there was quite a financial stringency, and the creation of banks ceased, only to begin again in 1S36, however, with renewed force * By the end of 1836, in addition to the 62 older banks rechartered 43 of them with increased -capitals 78 new banks had been authorized. "Had it been necessary to raise actual money in the old-fashioned way for the capital of these newly chartered banks, a large proportion of them would have been unable to go into operation. But with the aid of invention an...d the latest improve- ments, the laising of bank capital had ceased to be a difficult or expensive process. It was only necessary to secure a place for the bank to be kept, organize by the choice of directors and officers, borrow for one day specie to the amount of one-half the auth- orized capital to be examined and counted by the commissioners, who should ascertain oy the oaths of a majority of the directors, that such specie had been paid in by the stockholders, toward payment for their respective shares, and not for any other pur- pose, and that it was intended to have it remain as a part of said capital ; then, return the specie : take the notes of the stockholders instead, for the amount of the paid-up capital, and set the printing press in motion turning out bank notes.
What to read after Sound Currency 1895 1896 a Compendium of Accurate And Timely Information On Cu?
You can find similar books in the "Read Also" column, or choose other free books by Ny Reform Club New York to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
In 1831 there was quite a financial stringency, and the creation of banks ceased, only to begin again in 1S36, however, with renewed force * By the end of 1836, in addition to the 62 older banks rechartered 43 of them with increased -capitals 78 new banks had been authorized. "Had it been necessary to raise actual money in the old-fashioned way for the capital of these newly chartered banks, a large proportion of them would have been unable to go into operation. But with the aid of invention an...d the latest improve- ments, the laising of bank capital had ceased to be a difficult or expensive process. It was only necessary to secure a place for the bank to be kept, organize by the choice of directors and officers, borrow for one day specie to the amount of one-half the auth- orized capital to be examined and counted by the commissioners, who should ascertain oy the oaths of a majority of the directors, that such specie had been paid in by the stockholders, toward payment for their respective shares, and not for any other pur- pose, and that it was intended to have it remain as a part of said capital ; then, return the specie : take the notes of the stockholders instead, for the amount of the paid-up capital, and set the printing press in motion turning out bank notes.
What to read after Sound Currency 1895 1896 a Compendium of Accurate And Timely Information On Cu?
You can find similar books in the "Read Also" column, or choose other free books by Ny Reform Club New York to read onlineMoreLess
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