item: #1 of 11 id: 17374 author: Anonymous title: Bank of the Manhattan Company, Chartered 1799: A Progressive Commercial Bank date: None words: 1835 flesch: 57 summary: Thus, at the outset, the Manhattan Company required its Directors periodically to examine its cash and securities, a safeguard which, 106 years later, the State of New York made compulsory for all State banking institutions. With a capital of $2,000,000, the project was an ambitious one for those days, and, as there was considerable uncertainty about the probable cost of the water system, a clause was inserted in the charter, permitting the Company to employ all surplus capital in the purchase of public or other stock or in any other monied transactions or operations, not inconsistent with the constitution and laws of New York or of the United States. keywords: bank; company; illustration; manhattan; new cache: 17374.txt plain text: 17374.txt item: #2 of 11 id: 18981 author: Webster, Frank V. title: Dick the Bank Boy; Or, A Missing Fortune date: None words: 47669 flesch: 79 summary: GRAYLOCK SEEMS DISAPPOINTED Somehow or other Dick did not seem to be greatly alarmed by these significant words of Mr. Goodwyn. On this particular day, which was fated to be marked with a white stone in the history of Dick Morrison, Mr. Graylock entered the bank at the time he was eating his lunch in the little room back of the offices. keywords: bank; boy; business; cashier; day; dick; eyes; face; ferd; gibbs; good; goodwyn; graylock; hand; home; look; man; mind; mother; richard; securities; sir; thing; time; way; winslow; work cache: 18981.txt plain text: 18981.txt item: #3 of 11 id: 32027 author: Scott, William Amasa title: Banking date: None words: 36226 flesch: 47 summary: Other banks also are incorporated by our states under the terms of general laws, which are known as savings banks and trust companies. So long as the discounts are confined to commercial paper the bank's part in these transactions consists almost exclusively of bookkeeping between its customers and between itself and other banks. keywords: banking; banks; bonds; business; capital; cash; commercial; country; credit; exchange; funds; government; institutions; investment; loans; national; notes; paper; public; reserve; savings banks; securities; state banks; states; stock; system; time; united cache: 32027.txt plain text: 32027.txt item: #4 of 11 id: 34187 author: Spooner, Lysander title: A New Banking System The Needful Capital for Rebuilding the Burnt District date: None words: 17416 flesch: 63 summary: From the foregoing considerations, it is evident that nothing is easier than for a _good_ bank to establish its credit, _at home_; and that nothing is more certain than that a _bad_ bank would be discredited, _at home_, from the outset, and could get no circulation at all. The system would not inflate prices above their true and natural value, relatively to specie; for no possible amount of paper currency, every dollar of which is equal in value to specie, _can_ inflate prices above their true and natural value, relatively to specie. keywords: banks; capital; circulation; currency; gold; money; paper; prices; specie; system; value cache: 34187.txt plain text: 34187.txt item: #5 of 11 id: 35120 author: Phillips, Chester Arthur title: Readings in Money and Banking Selected and Adapted date: None words: 310355 flesch: 60 summary: And, finally, cash items include such demands on individuals or other banks as are collectible in cash and can therefore fairly be deemed the equivalent of cash in hand. Resources_ Loans and discounts $739,743.27 Overdrafts, secured 973.08 U. S. bonds deposited to secure circulation 100,000.00 U. S. bonds pledged to secure U. S. deposits 1,000.00 Bonds other than U. S. bonds pledged to secure postal savings deposits 7,000.00 Other Securities 191,098.05 Stock of Federal Reserve bank 4,800.00 Banking House 30,000.00 Furniture and Fixtures 5,000.00 Due from Federal Reserve Bank 20,000.00 Due from approved reserve agents 89,919.25 Due from other banks 12,074.23 Checks on banks in same city 6,051.46 Outside checks and other cash items 13,171.83 Fractional currency, nickels, and cents 283.14 Notes of other national banks 1,295.00 Coin and certificates 38,604.05 Legal-tender notes 25,000.00 Redemption fund 3,500.00 ------------- $1,289,513.36 _Liabilities_ Capital stock paid in $100,000.00 Surplus fund 60,000.00 Undivided profits 40,877.46 Less current expenses, interest, and taxes paid 17,110.28 23,767.18 Circulating Notes Out-standing 98,500.00 Individual deposits subject to check 404,871.37 Certificates of deposit due in less than 30 days 596,335.82 Certified Checks 125.00 United States deposits 1,000.00 Postal savings deposits 4,913.99 ------------- $1,289,513.36 [33]~The Method and Extent of Credit Issue.--~Assume that a bank with a cash capital of $100,000 is opening for business in an isolated town and is the only bank in that town. keywords: account; american; american bank; bank acceptances; bank act; bank deposits; bank loans; bank notes; bank rate; bank system; bankers; banking; banking business; banking system; bills; bonds; branch banks; branches; business; capital; case; cash; cash reserve; cent; circulation; city bank; clearing; commercial; companies; company; conditions; countries; country banks; course; credit; credit banks; currency; day; demand; deutsche bank; discount; dollars; england; exchange; exchange business; extent; fact; federal reserve; foreign; form; france; funds; general; gold; gold exchange; gold reserve; goods; government; hand; house; increase; institutions; interest; issue; law; loans; london bank; making; means; member banks; monetary; money; money market; mortgage banks; national bank; new; new york; number; order; paper money; pay; payment; people; period; place; power; present; prices; public; rates; required; reserve act; reserve banks; reserve board; reserve money; reserve notes; reserve system; reserves; rise; savings banks; scotch banks; securities; silver; standard; state banks; states; stock banks; supply; system; time; total; trade; treasury; trust; united; united states; use; value; volume; war; way; years; york bank; | | cache: 35120.txt plain text: 35120.txt item: #6 of 11 id: 38472 author: Clark, Ellery H. (Ellery Harding) title: The Money Gods date: None words: 54498 flesch: 80 summary: Now, now, Mr. Atherton, he remonstrated, don't be so hasty. You young men, Mr. Atherton, he complained, are all alike. keywords: adventure; atherton; bellingham; blagden; chance; chauffeur; course; day; door; eyes; game; good; half; hamilton; hand; head; left; life; man; market; marshall; mckay; men; mills; mind; moment; money; new; place; right; room; secretary; steel; think; thought; time; tubby; watch; way; world cache: 38472.txt plain text: 38472.txt item: #7 of 11 id: 38990 author: Weyman, Stanley John title: Ovington's Bank date: None words: 163142 flesch: 92 summary: And with one hand on his stick and the other on his chair he raised himself up by his arms as old men do. But on that, with a vividness which the reflection had never assumed before--for the old man, like other old men, did not feel old--he saw that he had but a very short span to live--a year or two, or it might be three or four years. keywords: acherley; aldersbury; arthur; bank; banker; betty; bourdillon; business; charles; clement; course; day; days; door; end; eyes; face; fall; father; garth; girl; going; good; great; griffin; half; hand; head; heart; hope; hour; house; josina; lad; late; left; life; look; love; man; matter; mean; mind; minutes; miss; moment; money; morning; mother; new; ovington; pay; place; pounds; right; road; rodd; room; rose; sir; squire; street; table; things; thought; time; town; voice; want; way; word; work; years cache: 38990.txt plain text: 38990.txt item: #8 of 11 id: 4359 author: Bagehot, Walter title: Lombard Street: A Description of the Money Market date: None words: 80226 flesch: 66 summary: This credit was called bank money, which, as it represented money exactly according to the standard of the mint, was always of the same real value, and intrinsically worth more than current money. It was at the same time enacted, that all bills drawn upon or negotiated at Amsterdam of the value of six hundred guilders and upwards should be paid in bank money, which at once took away all uncertainty in the value of those bills. keywords: bank; bank directors; bank money; bank notes; bank reserve; bankers; banking; bills; business; capital; cash; country; credit; deposits; england; good; government; governor; interest; joint; london; money; money market; new; panic; pay; persons; public; rate; stock bank; system; time; trade cache: 4359.txt plain text: 4359.txt item: #9 of 11 id: 43663 author: Robinson, Humphrey title: A Simple Explanation of Modern Banking Customs date: None words: 14102 flesch: 73 summary: Banks do not like to sell their checks on other banks to strangers. The So-called Special Privileges of Banks 109 A SIMPLE EXPLANATION OF MODERN BANKING CUSTOMS I GENERAL REMARKS After some years of work in a bank, it has been impressed daily upon the writer that, if the depositors were fully informed about the details of the conduct of banks, closer and more satisfactory relations would result. keywords: bank; business; check; clearing; day; draft; house; money; national; notes; paper; payment; | | cache: 43663.txt plain text: 43663.txt item: #10 of 11 id: 60029 author: Fowler, Charles N. (Charles Newell) title: Seventeen Talks on the Banking Question Between Uncle Sam and Mr. Farmer, Mr. Banker, Mr. Lawyer, Mr. Laboringman, Mr. Merchant, Mr. Manufacturer date: None words: 171127 flesch: 68 summary: The principle of converting bank book credits into bank note credits, in accordance with the requirements of the customers of a bank, is the bank credit currency principle and there is not a single instance in the history of banking where it has ever been tried and failed. You have only to go to Scotland, and note the fact that there has been in operation there two hundred and seventeen years the vital principle involved, the conversion of bank book credits into bank note credits, and the current redemption of all bank credits in gold coin, whenever called for._ keywords: american; association; bank act; bank business; bank currency; bank deposits; bank notes; banker; banking; banks; bills; board; business; capital; cash; cent; certificates; checks; clearing; coin; commercial; country; country bank; credit bank; credit currency; credit notes; currency; deposits; dollars; england; exchange; fact; form; gold; gold reserve; good; government; great; house; interest; issue; lawyer; man; merchant; money; national bank; new; paper; pay; people; power; reserve bank; reserves; right; sam; savings bank; section; silver; state bank; states notes; system; time; today; uncle; united states; value; want; way; world; years; zone cache: 60029.txt plain text: 60029.txt item: #11 of 11 id: 61081 author: Lang, Allen Kim title: Cinderella Story date: None words: 14626 flesch: 88 summary: ] I The First Vice-President of the William Howard Taft National Bank and Trust Company, the gentleman to whom Miss Orison McCall was applying for a job, was not at all the public picture of a banker. An odd business for a Federal Mata Hari, Orison thought, reading a nonsense story into a microphone for an invisible audience. keywords: bank; brother; compassion; dink; door; earmuffs; elder; elevator; floor; gerding; kraft; mccall; microfabridae; miss; orison; steel; taft; thought; wanji cache: 61081.txt plain text: 61081.txt