Congressional Edition Volume . 5621

Congressional Edition Volume . 5621

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1910 edition. Excerpt: ...acting against the extension of the use of checks in Germany have, at least partially, been removed in recent years. The laws relating to checks, whose enactment was so loudly demanded, went into effect on April 1, 1908. The opposition of the government authorities to every method of effecting payments without the use of cash, if it has not been overcome, has at least lessened. They, too, are beginning to show a greater appreciation of modern arrangements in the matter of payments. The movement in favor of the legislative regulation of everything pertaining to the use of checks may be said to have been started about thirty years ago. As far back as the eighties of the nineteenth century the management of the Reichsbank prepared a scheme of a body of laws relating to checks, which, however, was not legislated upon. The president of the bank, Doctor Koch, especially, labored with untiring zeal in his efforts to impress upon the public the necessity of enacting regulations regarding checks. The demand became more and more emphatic as years went by until finally the continuous monetary stringency of the 1905-1907 period made legislation in the way of a definitive code imperative. The rise in the rate of interest to 74 per cent, in particular, brought to the front the problem of devising means of increasing the proportion of payments effected without the use of cash. The Imperial Government showed itself disposed to give effect to the agitation, which was based both on theory and on practical experience, and published in the Reichsanzeiger of July 13, 1907, the text of a bill relating to checks, framed on the whole in accordance with the wishes of the business community. The laws were promulgated in their definitive form on March 14, 1908, more

Product details

  • Paperback | 120 pages
  • 189 x 246 x 6mm | 227g
  • United States
  • English
  • black & white illustrations
  • 1236781309
  • 9781236781307