Congressional Edition Volume . 5606

Congressional Edition Volume . 5606

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1910 edition. Excerpt: ...to the baldest sketch. Reports of later meetings were omitted from the journal altogether. The project of competitive papers, discussions, lectures, and examinations seems, for some years, at any rate, to have been abandoned. Already in 1903 a committee, appointed for the purposes of inquiry, reported that they "had failed in arousing sufficient interest to warrant proceeding for the present with the formation of an institute." While it was still a voluntary organization and not yet, in a sense, a recognized organ of administration, the association's efforts were exerted as far as they might be exerted properly, against careless or too liberal insolvency legislation, projects of provincial law injuriously affecting the banks, and the incorporation of loan companies authorized to receive deposits on current account. As an organization, also, the association sought to bring about uniformity in the rate of interest paid upon deposits payable after notice or in savings bank departments, and the reduction of the rate of interest paid by the postoffice and government savings banks. A system of bank money orders was devised and established in an effort to meet the competition of the express companies in remittance of minor sums. For some time, but in the end to no purpose, the association opposed the establishment of a branch of the royal mint in the Dominion. In response to a widespread demand, stimulated by the Yukon gold production and by the growth of a national self-consciousness, the government decided in 1901 to appropriate $75,000 a year to the construction and up-keep of a mint, and by so much to reduce the profit by seigniorage upon silver coin, the average of which, in the preceding decade, had been some $94,000 a year. On the other...show more

Product details

  • Paperback | 86 pages
  • 189 x 246 x 5mm | 168g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236633881
  • 9781236633880