Banking And Commerce A Practical Treatise For Bankers And Men Of Business Together With The Authors Experiences Of Banking Life In England And Canada During Fifty Years

Author : George Hague
Publisher : Forgotten Books
ISBN 13 : 9780483412590
Total Pages : 414 pages
Book Rating : 4.4/5 (125 download)

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Download or read book Banking and Commerce written by George Hague and published by Forgotten Books. This book was released on 2018-01-19 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Banking and Commerce: A Practical Treatise for Bankers and Men of Business, Together With the Author's Experiences of Banking Life in England and Canada During Fifty Years The author has taken particular pains to open up the relation of Banking to Commerce, as a handmaid and tributary to it, and this, as distinguished from other modes of employing and investing money; and has endeavored to show the danger of confounding the functions of a banker with those of a capitalist, or a Loan Company, whose sphere is found in the lending of money on mortgage, or the undertaking of loans for long periods to governments or corporations. It was long ago observed that a large part of the art of banking con sisted in knowing the difference between a bill of exchange and a mort gage. Simple as this may sound, it opens up a whole world of interesting study: and to become thoroughly master of it, in its practical application, has baffled the ability of many a man otherwise eminent in the sphere of finance. And the failure to carry out this distinction in practice has involved many an institution of these times in financial overthrow. All this will be considered in the course of the work now submitted, and as the author has largely drawn from his own experience and observation, he thinks it mav be well to say a few words about them. 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.