Financial Independence And How to Attain It

H C Henry Colman Cutting

The book Financial Independence And How to Attain It was written by author H C Henry Colman Cutting Here you can read free online of Financial Independence And How to Attain It book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Financial Independence And How to Attain It a good or bad book?

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It is owned, controlled, and oper- ated for the benefit of the bank, which means the stockholders generally, and the bank clique particularly. Those stock- holders who control the bank, and their business associates, make up the bank clique, or insiders. One may be a stock- holder and still be an outsider. What makes Banking Profitable. It is this privilege of accepting deposits and issuing bank credit which makes the bank- ing business profitable. The bank capital is solely for the purpose of ...attract- ing deposits. When the deposits come, THE TROUBLE 19 the mint begins operations, and therein lies the profits. It should be clearly ap- parent that all of the apparatus the banker uses to make a profit belongs to the general public. Elements of Credit. Credit is made up of two elements, confidence and time. If your credit is good at the corner grocery, it is because the grocer believes that you will pay at some time in the future. The time he is willing to allow you for payment depends directly upon the amount of con- fidence he has in your ability and willing- ness to pay.

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