Proceedings of the International Trade Conference Held Under the Auspices of the
Proceedings of the International Trade Conference Held Under the Auspices of the
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No Conflict With Existing American Banking Interests The projected bank would not conflict with any American interests in this line, as none of the present banks covers the same ground. Even if, following the provisions of the recent reform of the National Banking Act, National banks open branches in foreign countries, their action would be more or less the same as that of the branches of European banks: viz. , to earn profits in exchange, to turn over local money, and to receive the value of d...rafts the payees of which were willing to pay.
Then, the figures given before refer to scarcely six per cent. Of the normal volume of American foreign trade ($250, 000, 000) there remaining more than $4, 000, 000, 000 worth of business to be handled by other banks. Therefore, there is room for all. But this bank would do what none of the others could or would undertake : that is, the direct care of the American exporters' in- terests in general.
The bank would not interfere in the exchange market, nor in any of the several other banking activities at home; and it would not receive deposits.
What to read after Proceedings of the International Trade Conference Held Under the Auspices of the?
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To quickly assess the difficulty of the text, read a short excerpt:
No Conflict With Existing American Banking Interests The projected bank would not conflict with any American interests in this line, as none of the present banks covers the same ground. Even if, following the provisions of the recent reform of the National Banking Act, National banks open branches in foreign countries, their action would be more or less the same as that of the branches of European banks: viz. , to earn profits in exchange, to turn over local money, and to receive the value of d...rafts the payees of which were willing to pay.
Then, the figures given before refer to scarcely six per cent. Of the normal volume of American foreign trade ($250, 000, 000) there remaining more than $4, 000, 000, 000 worth of business to be handled by other banks. Therefore, there is room for all. But this bank would do what none of the others could or would undertake : that is, the direct care of the American exporters' in- terests in general.
The bank would not interfere in the exchange market, nor in any of the several other banking activities at home; and it would not receive deposits.
What to read after Proceedings of the International Trade Conference Held Under the Auspices of the?
You can find similar books in the "Read Also" column, or choose other free books by International Trade Conference 1915 New York to read onlineMoreLess
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