The Banks of New-York, Their Dealers, the Clearing-House, And the Panic of 1857 ..
The Banks of New-York, Their Dealers, the Clearing-House, And the Panic of 1857 ..
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L, 208, 152;inc. 517, 844'dec. 248, 515inc. 1, 874, 329 " 26jdec. 985, 988dec. 933, 102jdec. 235, 493|dec. 229, 091 Idee. 12, 348, 149|dec. 7, 322, 608|dec. 855, 703'inc. 3, 229, 917 The deposits and circulation are the basis of the loans and specie. The exact loss of basis, during this term, was $8, 178, 311, while the loans were reduced $12, 348, 149. The increase of specie reserved from the liquidations makes the true relative decrease $15, 578, 066. The most violent action was between Septe...mber 5th and Sep- tember 19th, when the loans were reduced $3, 443, 944, in the face of an increase of deposits of nearly six hundred thousand dollars. In the latter period, the true relative change is represented by a reduction of $6, 172, 775 in the loans, while the deposits actually increased $591, 356. There can be no escape from these figures. They show, beyond cavil, that the hanks, not the depositors, took the lead in forcing liquidation. In the twenty days prior to the 26th of September, the deposits fell off but $341, 746, while the resources of the banks were increased $6, 694, 179.
What to read after The Banks of New-York, Their Dealers, the Clearing-House, And the Panic of 1857 ..?
You can find similar books in the "Read Also" column, or choose other free books by J S James Sloan Gibbons to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
L, 208, 152;inc. 517, 844'dec. 248, 515inc. 1, 874, 329 " 26jdec. 985, 988dec. 933, 102jdec. 235, 493|dec. 229, 091 Idee. 12, 348, 149|dec. 7, 322, 608|dec. 855, 703'inc. 3, 229, 917 The deposits and circulation are the basis of the loans and specie. The exact loss of basis, during this term, was $8, 178, 311, while the loans were reduced $12, 348, 149. The increase of specie reserved from the liquidations makes the true relative decrease $15, 578, 066. The most violent action was between Septe...mber 5th and Sep- tember 19th, when the loans were reduced $3, 443, 944, in the face of an increase of deposits of nearly six hundred thousand dollars. In the latter period, the true relative change is represented by a reduction of $6, 172, 775 in the loans, while the deposits actually increased $591, 356. There can be no escape from these figures. They show, beyond cavil, that the hanks, not the depositors, took the lead in forcing liquidation. In the twenty days prior to the 26th of September, the deposits fell off but $341, 746, while the resources of the banks were increased $6, 694, 179.
What to read after The Banks of New-York, Their Dealers, the Clearing-House, And the Panic of 1857 ..?
You can find similar books in the "Read Also" column, or choose other free books by J S James Sloan Gibbons to read onlineMoreLess
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