Viaje Al Interior De Tierra Del Fuego
Viaje Al Interior De Tierra Del Fuego
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In our eReader you can find the full English version of the book. Read Viaje Al Interior De Tierra Del Fuego 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 Viaje Al Interior De Tierra Del Fuego
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In the year 1818, when the Suffolk Bank was chartered, the Boston banks, seven in number, having more than half of the banking capital of New England, had only one twenty- fifth part of the circulation. The New England Bank had reduced the cost of redeeming country bank notes to a minimum before the Suffolk entered the field, The Suffolk Bank. _ , _ ...
but the cost was borne by the note holders.
The Suffolk managers conceived the idea of putting the cost of redeeming them on the issuers, and o...f abolishing the dis- count entirely. Its object was to make a profit for itself, but it accomplished much more, as the sequel will show.
The plan proposed by the Suffolk was that it would redeem ány New England country bank notes at par if the issuing banks would keep a permanent deposit of $5000 in the Suffolk Bank (the interest on which should compénsate it for doing the business), plus a further deposit sufficient to redeem such of their notes as should reach Boston in the course of trade.
What to read after Viaje Al Interior De Tierra Del Fuego?
You can find similar books in the "Read Also" column, or choose other free books by Argentina. Ministerio De Agricultura to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
In the year 1818, when the Suffolk Bank was chartered, the Boston banks, seven in number, having more than half of the banking capital of New England, had only one twenty- fifth part of the circulation. The New England Bank had reduced the cost of redeeming country bank notes to a minimum before the Suffolk entered the field, The Suffolk Bank. _ , _ ...
but the cost was borne by the note holders.
The Suffolk managers conceived the idea of putting the cost of redeeming them on the issuers, and o...f abolishing the dis- count entirely. Its object was to make a profit for itself, but it accomplished much more, as the sequel will show.
The plan proposed by the Suffolk was that it would redeem ány New England country bank notes at par if the issuing banks would keep a permanent deposit of $5000 in the Suffolk Bank (the interest on which should compénsate it for doing the business), plus a further deposit sufficient to redeem such of their notes as should reach Boston in the course of trade.
What to read after Viaje Al Interior De Tierra Del Fuego?
You can find similar books in the "Read Also" column, or choose other free books by Argentina. Ministerio De Agricultura to read onlineMoreLess
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