The Fabric of Civilization
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In our eReader you can find the full English version of the book. Read The Fabric of Civilization 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 Fabric of Civilization
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Ofthe value of the cotton, the line having been arranged in advance. Creditmay be obtained by the buyer directly from the warehouseman, who thusbecomes a factor in his own right, being supported by arrangementspreviously made with his own bank. Credit may also be obtained from abank, upon bills of lading which are exchanged for warehouse receiptswhen the cotton is delivered at the port or at any warehousing point; orthe credit obtained from the bank may be settled and a new credit openedwith th...e warehouseman when the cotton is shifted from cars to storage.
Warehousemen as Factors ofGrowing Importance The growing importance of the warehouseman has been mentioned. Hisservices have developed with the need of mills for greater credit, andtheir unwillingness to tie up their working capital in cotton held intheir own warehouses. Mills which formerly bought all their year's supplyduring the buying season, so-called, now take their cotton fromwarehouses as they want it, buying it from their buyers, and makingpayment according to the individual standing arrangements.
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You can find similar books in the "Read Also" column, or choose other free books by Guaranty Trust Company of New York to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Ofthe value of the cotton, the line having been arranged in advance. Creditmay be obtained by the buyer directly from the warehouseman, who thusbecomes a factor in his own right, being supported by arrangementspreviously made with his own bank. Credit may also be obtained from abank, upon bills of lading which are exchanged for warehouse receiptswhen the cotton is delivered at the port or at any warehousing point; orthe credit obtained from the bank may be settled and a new credit openedwith th...e warehouseman when the cotton is shifted from cars to storage.
Warehousemen as Factors ofGrowing Importance The growing importance of the warehouseman has been mentioned. Hisservices have developed with the need of mills for greater credit, andtheir unwillingness to tie up their working capital in cotton held intheir own warehouses. Mills which formerly bought all their year's supplyduring the buying season, so-called, now take their cotton fromwarehouses as they want it, buying it from their buyers, and makingpayment according to the individual standing arrangements.
What to read after The Fabric of Civilization?
You can find similar books in the "Read Also" column, or choose other free books by Guaranty Trust Company of New York to read onlineMoreLess
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