The Currency Report By the Special Committee of the Chamber of Commerce of the State of New York
The Currency Report By the Special Committee of the Chamber of Commerce of the State of New York
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In our eReader you can find the full English version of the book. Read The Currency Report By the Special Committee of the Chamber of Commerce of the State of New York 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 The Currency Report By the Special Committee of the Chamber of Commerce of the State of New York
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To quickly assess the difficulty of the text, read a short excerpt:
Your Committee see practical^ difficulty in securing the representative judgment of the bankers to devise the details of such a plan, but we are so clearly convinced of the desirability of the application in some form of the principle of a credit cur- rency that we would heartily endorse this plan if Congress and the banking interests approved it.
AN AUTOMATIC SYSTBM DSSIRABLB.
In view of these considerations, your Committee came de- cidedly to the conclusion that any system recommended should ...be automatic in its operation, in the sense that it should afford equality of treatment, under uniform conditions, to all National banks, and should leave the net volume of bank-note circulation to be determined by the interplay of the interest of the banks among themselves, rather than to the decision of any single official or banker or group of officials or bankers.
EXISTING CONDITIONS MUST BB CONSIDBRED.
It should not be overlooked that in proposing new legislation such a body as the Chamber of Commerce is bound to consider conditions as well as theory.
What to read after The Currency Report By the Special Committee of the Chamber of Commerce of the State of New York?
You can find similar books in the "Read Also" column, or choose other free books by Ya Pamphlet Collection (Library of Congress) Dlc [from Old Catalog] to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Your Committee see practical^ difficulty in securing the representative judgment of the bankers to devise the details of such a plan, but we are so clearly convinced of the desirability of the application in some form of the principle of a credit cur- rency that we would heartily endorse this plan if Congress and the banking interests approved it.
AN AUTOMATIC SYSTBM DSSIRABLB.
In view of these considerations, your Committee came de- cidedly to the conclusion that any system recommended should ...be automatic in its operation, in the sense that it should afford equality of treatment, under uniform conditions, to all National banks, and should leave the net volume of bank-note circulation to be determined by the interplay of the interest of the banks among themselves, rather than to the decision of any single official or banker or group of officials or bankers.
EXISTING CONDITIONS MUST BB CONSIDBRED.
It should not be overlooked that in proposing new legislation such a body as the Chamber of Commerce is bound to consider conditions as well as theory.
What to read after The Currency Report By the Special Committee of the Chamber of Commerce of the State of New York?
You can find similar books in the "Read Also" column, or choose other free books by Ya Pamphlet Collection (Library of Congress) Dlc [from Old Catalog] to read onlineMoreLess
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