Pennsylvania the Building of An Empire
Pennsylvania the Building of An Empire
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In our eReader you can find the full English version of the book. Read Pennsylvania the Building of An Empire 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 Pennsylvania the Building of An Empire
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FINANCI. -\L INSTITUTIONS.
The wealth of Philadelphia is proverbial throughout the Republic. Eighty-six banks, trust companies, and saving fund societies operating within the city limits show a capital of $56, 000, 000, surplus and undivided profits of $79, 000, 000, and deposits of $494, 000, 000, while yearly bank clearings approximate $6, 000, 000, 000. Unlike some American communi- ties, wealth is widely diffused, and the masses are noted for their thrift. This general thrift is witnessed b...y the circumstance that $120, 000, 000 or one-quarter of the total deposits now held by local financial institutions are deposited in saving fund societies and saving fund branches of trust companies.
PHILADELPHIA S3 Philadelphia banking interests have stood the searching test of time, for the city has not attained her present prominence by any sudden or unnatural growth. Philadelphia was early in her history a financial center ; her banking interests largely financed the American Revolution. In 1780 the Pennsylvania Bank was organized by Robert Morris, quickly turn- ing its energies into the work of providing supplies for the army.
What to read after Pennsylvania the Building of An Empire?
You can find similar books in the "Read Also" column, or choose other free books by Pennsylvania Louisiana Purchase Exposition Commis to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
FINANCI. -\L INSTITUTIONS.
The wealth of Philadelphia is proverbial throughout the Republic. Eighty-six banks, trust companies, and saving fund societies operating within the city limits show a capital of $56, 000, 000, surplus and undivided profits of $79, 000, 000, and deposits of $494, 000, 000, while yearly bank clearings approximate $6, 000, 000, 000. Unlike some American communi- ties, wealth is widely diffused, and the masses are noted for their thrift. This general thrift is witnessed b...y the circumstance that $120, 000, 000 or one-quarter of the total deposits now held by local financial institutions are deposited in saving fund societies and saving fund branches of trust companies.
PHILADELPHIA S3 Philadelphia banking interests have stood the searching test of time, for the city has not attained her present prominence by any sudden or unnatural growth. Philadelphia was early in her history a financial center ; her banking interests largely financed the American Revolution. In 1780 the Pennsylvania Bank was organized by Robert Morris, quickly turn- ing its energies into the work of providing supplies for the army.
What to read after Pennsylvania the Building of An Empire?
You can find similar books in the "Read Also" column, or choose other free books by Pennsylvania Louisiana Purchase Exposition Commis to read onlineMoreLess
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