Sound Currency, 1895-1896; A Compendium of Accurate and Timely Information on Currency Questions Intended for Writers, Speakers and Students Volume 2

Sound Currency, 1895-1896; A Compendium of Accurate and Timely Information on Currency Questions Intended for Writers, Speakers and Students Volume 2

By (author) 

List price: US$53.46

Currently unavailable

Add to wishlist

AbeBooks may have this title (opens in new window).

Try AbeBooks

Description

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. 1896 edition. Excerpt: ...Finding, however, that their circulation was then limited to their immediate vicinity, they were usually glad to return to the usual arrangement. The banks of Maine, especially, for many years bitterly opposed the system, and there was never a time when there was not some opposition from one or more of the Maine banks--sometimes with the full approval of the State officials, as is evident from the following: "The two banks at Bangor deserve particular commendation. These banks formerly complied with the requisition of the Suffolk Bank, for the privilege of redeeming their bills in Boston with current money; but that bank having, as the directors say, violated that arrangement between them, they withdrew their deposits and have for several months redeemed their bills with specie only, and at their own counters. ' They have, as will be seen by the abstract, a liberal supply of specie in proportion to their bills in circulation, and are entitled to the unlimited confidence of the community. The Boston alliance, as was to be expected, have constantly sent home their bills for specie, but all calls have thus far, and will, we doubt not, continue to be promptly met. Former attempts to resist this alliance, formed for the purpo e of controlling the pecuniary resources of New England, have prove! unsuccessful; nor is it probable that two or three banks can now contend against it with any prospect of success. Whether the present system of paying tribute to Boston is susceptible of improvement, or how far it is consistent with the interest and honor of the State, or whether the evils which result from its operation are of sufficient importance to call for legislative action, are questions which we shall not undertake to decide."--Report of Maine...show more

Product details

  • Paperback | 470 pages
  • 189 x 246 x 24mm | 830g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236502604
  • 9781236502605