A

Agricultural products, 81
American securities, 47
Arbitrage houses, 43
Assay Office, 67

Auxiliary industries, 9

B

Balance of trade, how settled, 46
Bank account, 129
Banks, 68, 70

Assistant cashier, 117; Bookkeeper,
126; Cashier, 117; Check deposit,
course of, 130; Check deposits not
to be drawn against same day, 127;
Currency deposit, 130; Deposit,
course of, 129; Deposit slip, course
of, 130; Directors, board of, quali-
fications, etc., 113; Discount, 123;
Discount clerk, 123; Discount de-
partment, 122; Ledger-keeper, 126;
Management of, 113; Methods of
business, 110; Notes, presentation
of, 128; Note teller, 126; Offering
book, 125; Paper for collection, 125;
Pass books, 127, 129; Runners,
duties, 127; Vice-president, 116
Barter, principles of, 3, 5
Bill of lading, 243

Bills of exchange, 250
Bonds, 217

- 220;

Car trust, 225; Collateral trust
-, 222; Consolidated mortgage
Ist, 2d, and 3d, 221; Convertible-,
222; Corporate-, 217; Debenture
-, 223; First mortgage
General mortgage ད 224; Im-
provement and extension -, 225;
Income -, Ist, 2d, and 3d, prefer-
ence, 221; Redemption before ma-

turity, 225; Remarks, 225; Second
mortgage, 220; Sinking fund -

224
Brokers, 182

Bear pool, 191; Bucket shops, 183;
Bull pool, 190; Business routine,
184; Charges, 184, 185; Commis-
sion houses, 183; Consolidated ex-
change, 182; Consolidation of
properties, 188; Curbstone -, 182;
Information, 187; Interest charges,
186; Losses, 187; Margin, 185;
Margin, speculating on, 186; Mem-
bership in exchange, 182; Pools,
190; Price of stocks, 187; Quick
sale, 187; Rumors, 189; Shorts,
190; Specialists, 185; Speculation
of partners forbidden, 183; Tips,
189; Traffic agreements, 188; Two-
dollar, 185

Building and Mutual Loan Associa-
tions, 167

Amount of money invested in, 167 ;
Accumulation, method of, 168
offering of, 179; bidding for, 176;
Consolidation and merger, 173;
Directors' powers, 171; Dividends,
172; Dues, 168; Funds to be put
up at auction and bid for 169;
Gross premium, serial plan, 169;
Incorporation, certificate, what it
must state, 170; certificate of, to
be approved by superintendent,
etc., and filed with county clerk
and superintendent, 171; Incor-
porators, number of, 170; Interest,
176; Loans, limit of, 176; limit of
amount, 171; premiums on, 169;
theory of, 169; Matured shares,
order of payment, 176; Method,
167, 168; Minors and wards, how
held, 172; Monthly meetings, 176;

Checks, 253

Cashiers' checks,

257; Course
through bank, 256; Devices for
protection, 255
Cheque banks, 242
Clearings, annual, 32

Clearing House (New York), 132

Balances, how paid, 135; Clear-
ances, average annual, 135; Clear-
ing charge, 133; Clearing house
certificates, 136; Clearings, annual,
132; Creditor banks, 135; Debtor
banks, 135; Delivery and settling
clerks, 134; Dues, annual, 133;
England, when clearing houses first
established in, 134; Government of
New York Clearing House, 137;
Importance of New York Clearing
House, 135; London Clearing
House, clearances, 136; Member-
ship, conditions of, 133; Object,
133: Officers and committees, 133;
Operation, 134; Original member-
ship, 132; Proof clerk, 134; Sub-
Treasury, 133

Government control of, 23
Commercial agencies, 234
Commercial bills, 243
Commercial houses, 230
Competition and combination, 55, 56
Comptroller of currency, 71
Co-operative Loan Associations, 173
Accumulations, 175 ; Attorney, 174;
By-laws, 174; Capital stock, 174;
Directors, board of, 173; Dues,
174; Entrance fee, 175; Fines,
174: Objects, 173; Officers, 173;
Organization, certificate of, 173;
Organizers, 173; Payments, when
to cease, 175; Shareholders, 175;
Shares, 174; Shares, unpledged,
may be retired by directors, 175;
Treasurer and secretary, 175
Copper, 61
Corporations, 200

Directors, residence of, 204; In-
corporation, certificate of, 204;
Objects, 200; Permits, 203; Per-
petuity, 200; Privileges, 200, 204;
Property owners, consent, 203;
Resident attorney in fact, 204;
Stock and transfer books, 204;
Taxation, 202; Treasury stock,
204

Corporations-Duties of officers

Assistant secretary, 205; Bank to
be named, 206; Commissioners or
committee, 205; Directors, board
of, 207; General manager, 207;
President, 205; Secretary, 205;
Secretary and treasurer, 205;
Treasurer, 205; Vice-president,

Endorsements, 247
Exchange

E

Arbitrage houses, 43; Buying ex-
change, 40; complex, 41; domestic,
41; Final balance, 47; Final debtor
countries, 47; Foreign balance, 39;
how calculated, 42; Gold bullion
basis, 42; Par of, 44; Premium and
discount, 44; Rate of, 40; Relative
value of currencies, 42; constantly
changing, 42; selling, 44; specula-
tion, 40; Shipment of bullion, 47;
Simple exchange, 39; World's ex-
ports and imports equal, 46
Exchange, bills of, 250
Exchanges, 104

Exports and imports equal, 46
Express companies, 238

Margin, 185

M

Margin, speculating on, 186
Merchant, origin of, 7
Metals, restricted circulation, 59
Money

A legal tender, 22, 23; Collateral
restriction of use of, -20; Circula-
tion, theory of, 20; Definition, 9 ;
Effect on values, 9; Fiat money,
17; Government regulation of, 23;
of coin, 23, 24; of paper, 24-26;
How issued and distributed, 23;
Inconvertible paper money, 21; ob-
jections, 21; Increase and decrease
in value, 10, II; Issuers must re-
ceive value, 25; Measure of value,
12; Metal money, 10, 15; Money
a commodity, 10; Not capital of
issuer, 26; Paper money, 10-12, 17;
by whom issued, 18, 19; how issued
and circulated, 24, 25; Proper is-
suers, 22; Proportion to credit, 9;
Single or double measure, 12; State
or national issue, 19; in what re-
deemable, 19; Supervision and con-
trol by government, 26
Money orders, 239
Monopoly, 56

Mortgage and debenture companies,
176

National banks

N

Articles of association, 71; Assess-
ment, 83; Banks and national
banks, 68, 70; Bonds, comparison
of, yearly, 75; exchange of, 75;
held for redemption of circulating
notes, 74; held in trust, 74;
may be sold to pay circulation,
88; reassignment of, to bank, 76;
Capital, impairment to be made