A Treatise On Business Practice Or How Business is Done
A Treatise On Business Practice Or How Business is Done
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In our eReader you can find the full English version of the book. Read A Treatise On Business Practice Or How Business is Done 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 A Treatise On Business Practice Or How Business is Done
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00, or any multiple thereof, and there will be issued to it currency certificates for a like sum. They are issued only in amounts of $10, 000. 00, and are negotiable among banks by endorsement. The certificate contains the name of the bank to whom issued, and is signed by the treasurer and register of the treasury, and if issued from a sub-treasury is countersigned by the assistant treasurer. The bills are engraved as are other currency bills and contains blanks for the name of the bank to be w...ritten in. If desired, the bank depositing the legal tender currency may have the identical currency deposited, laid aside, to be paid it or its endorsee on presentation of the certificate. These certificates are only used by the large banks in the larger cities. CLEARING HOUSE CERTIFICATES. In times of business depression it is often the case that depositors become suspicious of the financial reli- ability of their bank. Thus in 1893, though in most cases without foundation, the confidence of the people in the banks was shaken, and many depositors rushed to their banks to withdraw their deposits, thus making what is called " a run on the bank " Few, if any banks keep on hand an amount of cash sufficient to pay all of their depositors in full, for a portion of these deposits must be loaned to meet the expense of caring for the depositors' accounts.
What to read after A Treatise On Business Practice Or How Business is Done?
You can find similar books in the "Read Also" column, or choose other free books by Orville Marcellus Powers to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
00, or any multiple thereof, and there will be issued to it currency certificates for a like sum. They are issued only in amounts of $10, 000. 00, and are negotiable among banks by endorsement. The certificate contains the name of the bank to whom issued, and is signed by the treasurer and register of the treasury, and if issued from a sub-treasury is countersigned by the assistant treasurer. The bills are engraved as are other currency bills and contains blanks for the name of the bank to be w...ritten in. If desired, the bank depositing the legal tender currency may have the identical currency deposited, laid aside, to be paid it or its endorsee on presentation of the certificate. These certificates are only used by the large banks in the larger cities. CLEARING HOUSE CERTIFICATES. In times of business depression it is often the case that depositors become suspicious of the financial reli- ability of their bank. Thus in 1893, though in most cases without foundation, the confidence of the people in the banks was shaken, and many depositors rushed to their banks to withdraw their deposits, thus making what is called " a run on the bank " Few, if any banks keep on hand an amount of cash sufficient to pay all of their depositors in full, for a portion of these deposits must be loaned to meet the expense of caring for the depositors' accounts.
What to read after A Treatise On Business Practice Or How Business is Done?
You can find similar books in the "Read Also" column, or choose other free books by Orville Marcellus Powers to read onlineMoreLess
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