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Excerpt from The Origin of the National Banking System With these few' words of appreciation for the masterly treatment by Mr. Chase of the subject of a uniform national currency to be furnished by national banks in preference to the Government itself, I submit the study upon the subject of the evolution of the banks. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
The Coming Battle - A Complete History of the National Banking Money Power in the United States is an unchanged, high-quality reprint of the original edition of 1899. Hansebooks is editor of the literature on different topic areas such as research and science, travel and expeditions, cooking and nutrition, medicine, and other genres. As a publisher we focus on the preservation of historical literature. Many works of historical writers and scientists are available today as antiques only. Hansebooks newly publishes these books and contributes to the preservation of literature which has become rare and historical knowledge for the future.
Excerpt from The Coming Battle: A Complete History of the National Banking Money Power in the United States In this volume the author endeavors to give an accurate history of the present National Bank System of currency, including an account of the first United States Bank, - both of which were borrowed from Great Britain by those statesmen who, like the father of Sir Robert Peel, believed that a national debt was the source of prosperity. It is believed that the facts adduced in the following pages will be productive of some good, in pointing out the immense evils lurking in that system of banking, - a system which has produced panics at will, and which is the active abettor of the stock gamblers, rail road wreckers, and those industrial tyrants of modern times, the enormously overcapitalized and oppressive trusts. It is sought to point out the great dangers of delegat ing purely government powers to these greedy monopo lists, by which they are enabled to organize a money trust, far more tyrannical than all the other combina tions now in existence; and by which they absolutely defy the authority that endowed them with corporate life. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Excerpt from History of the National-Bank Currency It should be noticed, to begin with, that the founders of the present national-bank note system frankly recog nized and avowed other purposes than the simple purpose of establishing a sound and elastic currency. They had in view two special considerations, each of which was of greater immediate importance in 1864 than elasticity in the currency, but neither of which is of vital importance at the present day. The two foremost problems of the Administration in 1864 were, first, to finance the civil war; second, to provide for the future cementing of the union of the States. This explains why, advocating in his report of 1862 a system of bank-note currency secured by government bonds, the Secretary of the Treasury set forth, as the chief advantages of such a system, that the negotiation of bond issues by the Government would be greatly facilitated; that it is not easy to appreciate the full advantages of such conditions to a government obliged to borrow; that it would reconcile, as far as practicable, the interests of existing institutions with those of the whole people; and that it would provide a firm anchorage to the union of the States. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Excerpt from History of Crises Under the National Banking System Ters which can be analyzed statistically, and, so far as the national banks are concerned, the periodical returns to the Comptroller of the Currency, together with the weekly returns of the clearing-honse banks in the large cities, provide a mass of data which is far more complete than that in any other country. Moreover, for the particular period under review the national-bank returns include a. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Excerpt from The History of the First National Bank of Chicago: Preceded by Some Account of Early Banking in the United States, Especially in the West and at Chicago The inauguration of the national system was only the first step in the introduction of safe and sound economic theories. Uniformity in banking has inevi tably been a lesson of prime importance to the people. Slowly and almost unconsciously they have been taught that honesty in monetary legislation and abso lute protection against the schemes and projects of unscrupulous speculators are the foundation-stones of material prosperity; starting from these principles, and steadily erecting the superstructure in the same spirit, they have, under these influences, won the respect and admiration Of rival powers. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
The Origin of the National Banking System is a fascinating look at the development of the US banking system in the late 19th century. This book explores the political, economic, and social forces that shaped the creation of the national banking system and its impact on American society. This is a must-read for anyone interested in the history of finance, banking, or economics in the United States. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
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Excerpt from The Establishment of the National Banking System: A Dissertation Submitted to the Faculty of the Graduate School of Arts and Literature for the Degree of Doctor of Philosophy 1. The national banking system was established in the United States in 1863. Contrary to popular belief, it was not an entirely new venture in the field of banking. If one keeps in mind that uniformity and stability of currency were the great ends sought by its founders, one must confess that these features of a sound bank-note circulation had long been Sought after in many Of the individual states. Both Mr. Chase, who was Secretary of the Treasury when the national system was established. And Senator Sherman, who made the chief speech in the Senate in behalf of the bill, pointed out that the national banks would not be entirely in the nature of an experiment.1 Indeed, Senator Sherman asserted that the bill ought to aecom plish only what all the statesmen of the country had attempted up 'to that time.2 This was, however, not strictly true. As is well known, some had been altogether opposed to anything re sembling a national bank, or a national banking system. Sher man came nearer the truth when he declared that every party that had been organized in this country from the foundation of the government to the present day had, at some period of its history, sought to accomplish the object of a uniform cur rency.3 The reader will recall that the Federalists, under the lead of Hamilton, had brought about some semblance of order in the currency, by the creation Of the United States Bank. For twenty years this gave the country a somewhat stable cur reney. Following the expiration of the charter Of this bank there was a period of four or five years of local bank issues, a time of great confusion and disorder. Then followed the establishment of the Second United States Bank, by the Re. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works."