Wall Street and the Country: A Study of Recent Financial Tendencies
G. P. Putnam's sons, 1904 - 247 páginas
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In 2010, we have excess capital and excess labor throughout the world but little appreciation for the condition. It may surprise you, but this condition cropped up in the late 1800's and Conant was one of the first to diagnose it. His analysis then has striking parallels to our situation today.
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Términos y frases comunes
able afforded American amount bonds Britain brought capital carried cash cause cent century China cities clear coins Commissions consumer corporations cost countries currency demand deposits direction economic effect efficiency enterprises Europe exchange existence fact fall foreign France fund future give given gold Government growth half hand important increased individual industrial interest investment investor issue Italy keep labor less limited lines loans London manufacturing means meet ment methods miles national banks natural nearly necessary needed operation organization perhaps persons population possible practically present production profits progress protection question railway recent regard representing reserve result rose saved securities seeking shares silver speculation standard stock exchange stock market supply tended tion trade transactions transfer trust companies United wages York
Página 218 - To exercise by its board of directors or duly authorized officers or agents, subject to law, all such incidental powers as shall be necessary to carry on the business of banking; by discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debt; by receiving deposits; by buying and selling exchange, coin, and bullion; by loaning money on personal security; and by obtaining, issuing, and circulating notes according to the provisions of this title.
Página 216 - ... 1. To act as the fiscal or transfer agent of any state, municipality, body politic or corporation; and in such capacity to receive and disburse money, to transfer, register and countersign certificates of stock, bonds or other evidences of indebtedness, and to act as agent of any corporation, foreign or domestic, for any lawful purpose.
Página 216 - To act as trustee under any mortgage or bond issued by any municipality, body politic or corporation, and accept and execute any other municipal or corporate trust not inconsistent with the laws of this state.
Página 216 - To take, accept and execute any and all such legal trusts, duties and powers in regard to the holding, management and disposition of any estate, real or personal, and the rents and profits thereof, or the sale thereof, as may be granted or confided to it by any court of record, or by any person, corporation...
Página 127 - ... men ; that is to say, if men were employed to furnish the power to carry on the industries of this country, it would require 21,000,000 men, and 21,000,000 men represent a population, according to the ratio of the census of 1880, of 105,000,000.
Página 92 - It would be practically unattainable by any other system. Thus through the publicity of knowledge and prices, the bringing of a multitude of fallible judgments upon this common ground to an average, there is afforded to capital throughout the world an almost unfailing index of the course in which new production should be directed. Suppose for a moment that the stock markets of the world were closed, that it was no longer possible to learn what railways were paying dividends, what their stocks were...
Página 216 - To receive deposits of trust moneys, securities and other personal property from any person or corporation, and to loan money on real or personal securities.