Chapters On the Theory And History of Banking
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The complete change which thirty years had wrought in the political, social, and financial conditions of the question, caused the de- bate to take a wide range, and the project was still before the Chamber at its dissolution in 1893. The measure returned with some modification in 1896, and finally became a law, November 17, 1897,* ex- tending the charter to the close of 1920, but reserv- ing to the legislature the power to terminate it with the year 191 2 by a law to that effect adopted in 191 ...1. No important alteration was made in the general structure of the Bank or in its administrative organization. It continues to be a bank of the primitive type, with no special provisions by law for the limitation of its liabilities, except the maxi- mum arranged for its issue of notes, and with no provision as to any reserve to be maintained or for the special protection of any particular class of lia- bilities. In its government it is still where Na- poleon placed it, under the immediate direction of a governor and two sub-governors, appointed and removable by the chief of the state, but aided by a board of fifteen regents, who are elected by the two hundred largest shareholders, and whose action is subject to a veto by the governor.
What to read after Chapters On the Theory And History of Banking?
You can find similar books in the "Read Also" column, or choose other free books by Charles Franklin Dunbar to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The complete change which thirty years had wrought in the political, social, and financial conditions of the question, caused the de- bate to take a wide range, and the project was still before the Chamber at its dissolution in 1893. The measure returned with some modification in 1896, and finally became a law, November 17, 1897,* ex- tending the charter to the close of 1920, but reserv- ing to the legislature the power to terminate it with the year 191 2 by a law to that effect adopted in 191 ...1. No important alteration was made in the general structure of the Bank or in its administrative organization. It continues to be a bank of the primitive type, with no special provisions by law for the limitation of its liabilities, except the maxi- mum arranged for its issue of notes, and with no provision as to any reserve to be maintained or for the special protection of any particular class of lia- bilities. In its government it is still where Na- poleon placed it, under the immediate direction of a governor and two sub-governors, appointed and removable by the chief of the state, but aided by a board of fifteen regents, who are elected by the two hundred largest shareholders, and whose action is subject to a veto by the governor.
What to read after Chapters On the Theory And History of Banking?
You can find similar books in the "Read Also" column, or choose other free books by Charles Franklin Dunbar to read onlineMoreLess
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