Author : J. Laurence Laughlin
Publisher : Forgotten Books
ISBN 13 : 9780265227480
Total Pages : 448 pages
Book Rating : 4.2/5 (274 download)
Book Synopsis Banking Reform (Classic Reprint) by : J. Laurence Laughlin
Download or read book Banking Reform (Classic Reprint) written by J. Laurence Laughlin and published by Forgotten Books. This book was released on 2017-10-12 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Banking Reform The reform should not take the shape Of a dominant central bank, nor should it be the creature Of politics. For this reason the Government of the United States should not enter the discount and deposit business Of banking; but, on the other hand, it should supervise and regulate a cooperative means Of assistance, like an enlarged clearing-house association, in the common interest, and require the banks to pay all the cost Of providing capital, supplying gold reserves, and issuing notes under its close supervision. Thus the surplus profits of note-issues and Of discounts would go to the people of the United States. Moreover, in any legislation, care should be taken that control Of our credit system should not pass into the hands Of any sinister political or financial interests. 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.