A New Banking System
A New Banking System

A New Banking System

A New Banking System - The Needful Capital for Rebuilding the Burnt DistrictThe reader will understand that...
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SKU: gb-34187-ebook
Product Type: Books
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Author: Spooner, Lysander,1808-1887
Format: eBook
Language: English
Subtotal: $52.15
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A New Banking System

A New Banking System

$104.35 $52.15
A New Banking System

A New Banking System

$104.35 $52.15
Author: Spooner, Lysander,1808-1887
Format: eBook
Language: English
Description

A New Banking System - The Needful Capital for Rebuilding the Burnt District

The reader will understand that the ideas presented in the following pages admit of a much more thorough demonstration than can be given in so small a space. Such demonstration, if it should be necessary, the author hopes to give at a future time. Under the banking systeman outline of which is hereafter giventhe real estate of Boston alonetaken at only three-fourths its value, as estimated by the State valuation[A]is capable of furnishing three hundred millions of dollars of loanable capital. The real estate of the Commonwealth, therefore, is capable of furnishing an amount of loanable capital more than twelve times as great as that of all the "National" Banks in the State[C]; more than twice as great as that of all the "National" banks of the whole United States ($353,917,470); and equal to the entire amount ($750,000,000, or thereabouts) both of greenback and "National" bank currency of the United States. It is capable of furnishing loanable capital equal to one thousand dollars for every male and female person, of sixteen years of age and upwards, within the Commonwealth; or two thousand five hundred dollars for every male adult. ......Buy Now (To Read More)

Product details

Ebook Number: 34187
Author: Spooner, Lysander
Release Date: Nov 1, 2010
Format: eBook
Language: English

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