American Finance
American Finance
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In our eReader you can find the full English version of the book. Read American 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 American Finance
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That was elasticity with a vengeance. State bank issues were decidedly violent in their move- ments, both upward and downward, but especially downward. This is a circumstance to bear in mind in discussing the very thorny question of " assets " currency. Another is the surprisingly small effect that the loss of their circulation Its Twenty Thousand Banks. 203 had on the state banks after its transfer to the national banks in 1863. It had been such an important factor in their economy that it mig...ht have been thought they could hardly survive its loss. Nevertheless they seem to have got on wonderfully well without it. Far from languishing from want of it, they have in- creased and multiplied as they never did before. A plentiful crop of private banks has also sprung up which manage to thrive without the adven- titious help of note issues. Of the 16, 410 banks which reported last year (1905) to the Comptroller of the Currency, fully two-thirds had no circula- tion whatever. They numbered 10, 742 against 5668 note-issuing (national) banks.
What to read after American Finance?
You can find similar books in the "Read Also" column, or choose other free books by W R William Ramage Lawson to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
That was elasticity with a vengeance. State bank issues were decidedly violent in their move- ments, both upward and downward, but especially downward. This is a circumstance to bear in mind in discussing the very thorny question of " assets " currency. Another is the surprisingly small effect that the loss of their circulation Its Twenty Thousand Banks. 203 had on the state banks after its transfer to the national banks in 1863. It had been such an important factor in their economy that it mig...ht have been thought they could hardly survive its loss. Nevertheless they seem to have got on wonderfully well without it. Far from languishing from want of it, they have in- creased and multiplied as they never did before. A plentiful crop of private banks has also sprung up which manage to thrive without the adven- titious help of note issues. Of the 16, 410 banks which reported last year (1905) to the Comptroller of the Currency, fully two-thirds had no circula- tion whatever. They numbered 10, 742 against 5668 note-issuing (national) banks.
What to read after American Finance?
You can find similar books in the "Read Also" column, or choose other free books by W R William Ramage Lawson to read onlineMoreLess
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