Banks And People
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In our eReader you can find the full English version of the book. Read Banks And People 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 Banks And People
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The manufacturer can now buy very largely and in the best markets, without the aid of the middle-man, who is fast disappearing, for the hanquier will at once discount the seller's draft upon him. He can now manufacture on a larger scale for the simple reason that as soon as his goods are out of the works he can draw drafts on his customers, and against these his banquier renews his capital at once. Given that his calcula- tions are correct and orders have come in, the financing is easy. It is n...ot difficult to realize the enormous advantages derived from this system by BANKS AND PEOPLE. 43 the German manufacturer, and the immense pull it must give him over his inadequately financed British competitor, who is for ever complaining of the dumping down of cheap foreign goods. Much might be said about the benefits accruing to him from buying wholesale in the best markets, on terms which for the seller are nearly as good as cash terms, as well as the advantages gained from a large turn-over.
What to read after Banks And People?
You can find similar books in the "Read Also" column, or choose other free books by Thomas Farrow to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The manufacturer can now buy very largely and in the best markets, without the aid of the middle-man, who is fast disappearing, for the hanquier will at once discount the seller's draft upon him. He can now manufacture on a larger scale for the simple reason that as soon as his goods are out of the works he can draw drafts on his customers, and against these his banquier renews his capital at once. Given that his calcula- tions are correct and orders have come in, the financing is easy. It is n...ot difficult to realize the enormous advantages derived from this system by BANKS AND PEOPLE. 43 the German manufacturer, and the immense pull it must give him over his inadequately financed British competitor, who is for ever complaining of the dumping down of cheap foreign goods. Much might be said about the benefits accruing to him from buying wholesale in the best markets, on terms which for the seller are nearly as good as cash terms, as well as the advantages gained from a large turn-over.
What to read after Banks And People?
You can find similar books in the "Read Also" column, or choose other free books by Thomas Farrow to read onlineMoreLess
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