Congressional Edition Volume 5662

Congressional Edition Volume 5662

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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: ...effect that there were no immigrant banks within their jurisdiction, whereas this investigation showed a considerable number of such concerns in the States in question. In some of these States, particularly, an important and extensive immigrant banking business was being carried on. The need for some legislative regulation of the business has been frequently emphasized by immigrant bankers themselves. A Bohemian banker in Chicago, whose bank is incorporated under the 136 laws of Illinois, stated that the numerous frauds that had been perpetrated by so-called bankers of the different races had made it apparent that every kind of banking business should be put under state supervision, but that all propositions to that effect which had been introduced in the state legislature had been defeated by the rural bankers. A prominent Croatian banker of the same city, in urging a law requiring some supervision of such firms as his own, stated that he would welcome such a reform for the reason that it would place the business on a recognized basis, and enable responsible bankers to draw a line between their business and that of dishonest and irresponsible proprietors. A Polish banker in St. Louis urged, as a remedy for existing evils, a bond requirement law% with definite provisions for frequent and thorough inspections. He stated that an effort had been made to enforce in Missouri some such provisions as now exist in New York, but without success. He laid emphasis upon the fact that many of the agents who conduct a steamship, and foreign exchange business are entirely unfit for the position. yAri Italian banker in the same city urged the establishment of postal savings banks as a solution jnf the problem. He thought that these would spring into instant...show more

Product details

  • Paperback | 230 pages
  • 189 x 246 x 12mm | 417g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236550153
  • 9781236550156