The Science of Wealth: a Manual of Political Embracing the Laws of Trade, Currency And Finance ..
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In our eReader you can find the full English version of the book. Read The Science of Wealth: a Manual of Political Embracing the Laws of Trade, Currency And Finance .. 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 The Science of Wealth: a Manual of Political Embracing the Laws of Trade, Currency And Finance ..
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To quickly assess the difficulty of the text, read a short excerpt:
Foreign bankers pay in- terest upon deposits, and are never restricted by legal enactments. This is true banking.
Of all kinds of banks, with their branches, there are, in the United Kingdom, about five thousand, a small portion only of them being banks of issue.
Yet, as a general rule, all make large dividends, — the largest dividends being by those banks which issue no notes whatever.
20* 238 EXCHANGE.
This fact gives sufficient proof, if any were needed, tliat, in order to make large profits..., it is not neces- sary for a well-established, well-managed bank to manufacture currency.
Banks belong to civilization. A bank is an insti- tution intrusted by one class of persons with money to loan another class. The existence of such insti- tutions implies the existence of capital and confi- dence; and these indicate culture and social eleva- tion. Banks are labor-saving machines, of vast power and utility. They exist of necessity.
No well-informed man can be opposed to banking institutions conducted in a proper manner.
What to read after The Science of Wealth: a Manual of Political Embracing the Laws of Trade, Currency And Finance ..?
You can find similar books in the "Read Also" column, or choose other free books by Walker, Amasa, 1799-1875. [from Old Catalog] to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Foreign bankers pay in- terest upon deposits, and are never restricted by legal enactments. This is true banking.
Of all kinds of banks, with their branches, there are, in the United Kingdom, about five thousand, a small portion only of them being banks of issue.
Yet, as a general rule, all make large dividends, — the largest dividends being by those banks which issue no notes whatever.
20* 238 EXCHANGE.
This fact gives sufficient proof, if any were needed, tliat, in order to make large profits..., it is not neces- sary for a well-established, well-managed bank to manufacture currency.
Banks belong to civilization. A bank is an insti- tution intrusted by one class of persons with money to loan another class. The existence of such insti- tutions implies the existence of capital and confi- dence; and these indicate culture and social eleva- tion. Banks are labor-saving machines, of vast power and utility. They exist of necessity.
No well-informed man can be opposed to banking institutions conducted in a proper manner.
What to read after The Science of Wealth: a Manual of Political Embracing the Laws of Trade, Currency And Finance ..?
You can find similar books in the "Read Also" column, or choose other free books by Walker, Amasa, 1799-1875. [from Old Catalog] to read onlineMoreLess
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