The Evolution of Peoples Banks
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In the second, most of these new banks had adopted limited liability and had made the limit for this liability quite low. Thus the basis for borrowing was inadequate. The experience of these gild banks amply supported his view; public officials soon be- came convinced that the organization of gild banks was a mistake. 1 Two other points of difference still existed be- tween Dr. Cruger and the representatives of the state-aided movement. Dr. Cruger set up as his two chief requisites essential fo...r the success of a new people's bank, (i) the availability of good officers or at least of good officer- material, and (2) the genuineness of the need for the new bank.
That banks had been organized in places where there was no real desire nor need was admitted in 1906 by Representa- tive Hammer, one of the leaders of the Head Federation. 2 1 Finck, op. Cit. , p. 276.
2 Finck, op. Cit. , p. 274.
I2 8 THE EVOLUTION OF PEOPLE'S BANKS [ I2 8 As might perhaps have been expected, it was discovered that the ordinary tradesman was not only an individualist but also a man of limited time, money and strength.
What to read after The Evolution of Peoples Banks?
You can find similar books in the "Read Also" column, or choose other free books by Donald Skeele Tucker to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
In the second, most of these new banks had adopted limited liability and had made the limit for this liability quite low. Thus the basis for borrowing was inadequate. The experience of these gild banks amply supported his view; public officials soon be- came convinced that the organization of gild banks was a mistake. 1 Two other points of difference still existed be- tween Dr. Cruger and the representatives of the state-aided movement. Dr. Cruger set up as his two chief requisites essential fo...r the success of a new people's bank, (i) the availability of good officers or at least of good officer- material, and (2) the genuineness of the need for the new bank.
That banks had been organized in places where there was no real desire nor need was admitted in 1906 by Representa- tive Hammer, one of the leaders of the Head Federation. 2 1 Finck, op. Cit. , p. 276.
2 Finck, op. Cit. , p. 274.
I2 8 THE EVOLUTION OF PEOPLE'S BANKS [ I2 8 As might perhaps have been expected, it was discovered that the ordinary tradesman was not only an individualist but also a man of limited time, money and strength.
What to read after The Evolution of Peoples Banks?
You can find similar books in the "Read Also" column, or choose other free books by Donald Skeele Tucker to read onlineMoreLess
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