The Whelps of the Tigress a Rsum of the National Banking System
The Whelps of the Tigress a Rsum of the National Banking System
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In our eReader you can find the full English version of the book. Read The Whelps of the Tigress a Rsum of the National Banking System 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 Whelps of the Tigress a Rsum of the National Banking System
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, as collateral security, amounting to $109, 579, 495 ; on Oct. 2, 1890, $102, 372, 932 ; on Sept. 25, 1891, $113, 787, 196; on Sept. 30, 1892, $117, 796, 025, and on Oct. 3, 1893, $94, 897, 446.
The "call" loans of the Chicago banks on the above dates ranged from $12, 000, 000 to $18, 000, 000, in round num- bers.
Thus an average of at least $100, 000, 000 is by this bank- ing system constantly filtered into the banks of New York, and through them into the hands of the gamblers of Wall Street,... to be used at merely nominal rates of interest, in "cornering" the markets, raising and depressing prices, and making wreck and ruin of honest enterprise.
Note. — In 1887 the banks of the cities of Chicag-o and St. Louis were added to those of New York as depositories for the reserves of the banks of the reserve cities, but are used as such to a very limited extent only, as appears from the reports of the Comptroller.
34 A RESUME OF THE CHAPTER VI.
National Banks Inflate and Contract the Currency, and Produce Panics.
What to read after The Whelps of the Tigress a Rsum of the National Banking System?
You can find similar books in the "Read Also" column, or choose other free books by Rial M Smith to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
, as collateral security, amounting to $109, 579, 495 ; on Oct. 2, 1890, $102, 372, 932 ; on Sept. 25, 1891, $113, 787, 196; on Sept. 30, 1892, $117, 796, 025, and on Oct. 3, 1893, $94, 897, 446.
The "call" loans of the Chicago banks on the above dates ranged from $12, 000, 000 to $18, 000, 000, in round num- bers.
Thus an average of at least $100, 000, 000 is by this bank- ing system constantly filtered into the banks of New York, and through them into the hands of the gamblers of Wall Street,... to be used at merely nominal rates of interest, in "cornering" the markets, raising and depressing prices, and making wreck and ruin of honest enterprise.
Note. — In 1887 the banks of the cities of Chicag-o and St. Louis were added to those of New York as depositories for the reserves of the banks of the reserve cities, but are used as such to a very limited extent only, as appears from the reports of the Comptroller.
34 A RESUME OF THE CHAPTER VI.
National Banks Inflate and Contract the Currency, and Produce Panics.
What to read after The Whelps of the Tigress a Rsum of the National Banking System?
You can find similar books in the "Read Also" column, or choose other free books by Rial M Smith to read onlineMoreLess
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