Free and Discounted Ebooks
Join 130,000 readers! Get our ebook deals straight to your inbox.


Cover image for


Published: 1914
Language: English
Wordcount: 36,369 / 119 pg
Flesch-Kincaid Reading Ease: 50.5
LoC Category: HG
Downloads: 1,586
Added to site: 2010.04.18 27393
Genre: Non-fiction

The purpose of this book is to supply the general reader with a simple statement of the principles and problems of banking. Since it is designed primarily for American readers, special attention has been given to conditions in this country. An effort has been made clearly to draw the line between commercial and investment banking and to indicate the problems peculiar to each. That it may assist the average person in understanding present-day banking problems and thus contribute towards the formation of a sound public opinion regarding them, is the author's hope and desire.

Show Excerpt

ailers and these to consumers. Farmers, manufacturers, and merchants both buy on time and sell on time, and are thus both debtors and creditors, and each expects that his sales will ultimately pay for his purchases.

The obligations involved in these transactions are represented and recorded in the form of book accounts, promissory notes, or bills of exchange, the latter being written or printed, or partly written and partly printed, orders of creditors on debtors to pay to themselves or to third parties the sums indicated. These documents are being constantly made and constantly paid as the processes of agriculture, industry, and commerce proceed. Indeed, their creation and liquidation is a normal phenomenon of our modern economic life.

The term commercial paper, as we are using it, applies to such promissory notes and bills of exchange as belong to this credit system. It does not apply to such notes and bills when they owe their existence to credit operations of a different kind, such for examp



Join 120,000+ fellow readers! Get Free eBooks and book bargains from ManyBooks in your inbox. 

We respect your email privacy

login | register

User ID


reset password

Author of the Day

L.L. Collins
When L.L. Collins isn't wrangling 25 preteens during her day job as a teacher, she writes heartfelt, emotionally charged romance novels. Books in which the heroes are not always alpha males and the heroines everything but perfect. In her book, Snared, Collins also addresses tough subjects such as mental health and foster care. As our author of the day Collins reveals why she chose to write about a shy rock star, her own experience with foster care and talks about her journey as an author.
Read full interview...