Wall Street and the Country: A Study of Recent Financial TendenciesG. P. Putnam's sons, 1904 - 247 páginas |
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Términos y frases comunes
afforded American Commissions amount Bank of England Bank of France bankers bonds Britain bullion bushel carried cash cent China coins commercial consumer convertible bonds corporations cost creased currency demand deposits dividends earning economic effect efficiency enterprises Europe export fall foreign France fund G. P. PUTNAM'S SONS gold countries gold standard Government growth hand important increased industrial investor issue kilometres labor legislation loans London long tons manufacturing ment miles modern monetary system mortgage national banks necessary nineteenth century ocean cable operation organization panies Philippines population preferred stock present produce exchanges producing power production profits progress protection railway rate of interest recent reserve result rose rubles saved capital securities shares silver countries speculation stock companies stock exchange stock market supply tended tion trade transactions transfer trust companies United voting trust wages wealth wheat York
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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 accept trusts from and execute trusts for married women, in respect to their separate property, and to be their agent in the management of such property, or to transact any business in relation thereto.
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 - are carried on by steam and water-power representing, in round numbers, 3,500,000 horse-power,* each horse-power equaling, the muscular labor of six 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. The industries are now carried on by 4,000,000 persons, in round numbers representing a population of 20,000,000...
Página 112 - Some of those who admit the value of the stock market have subjected to severe criticism those who speculate for the fall of stocks. One reads constantly of the "bears" trying to accomplish such and such results by depressing securities. Napoleon had a long talk with Mollien, his Minister of Finance, in seeking to demonstrate that those who sold "short," in the belief that national securities would fall, were traitors to their country. He argued that if these men were selling national securities...