Co-operative Credit for the United StatesSturgis & Walton Company, 1917 - 349 páginas |
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Términos y frases comunes
accordingly agricultural allowed already American amortisation amount bankers become benefit body bonds borrower capitalist cash credit cent central bank Cherson circumstances Co-operation co-operative banks co-operative credit co-operative societies Committee Council course crédit agricole credit societies Credit Unions deal deposits distinctly district dividend economic employment erally farmers favour France Germany Government hand Hungary inspection institution Italy joint stock companies joint stock mortgage land landbonds landowners landschaft lend limited loan Luzzatti matter means ment mortgage credit movement object officers once operative organisation peasant pledge possession prac practice principle profit proved provinces of Prussia Prussian Raiffeisen banks Raiffeisen societies Raiffeisen system rate of interest rendered repay reserve fund roubles rule rural schaft Schulze-Delitzsch Schulze's share capital stand stock mortgage banks things tion tive United unlimited liability valuation zemstvo
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Página 39 - This system has a great effect upon the moral habits of the people, because those who are securities feel an interest in watching over their conduct, and if they find they are misconducting themselves, they become apprehensive of being brought into risk and loss from having become their securities, and if they find they are so misconducting themselves, they withdraw the security.
Página 38 - To the credit of the account he pays in such sums as he may not have occasion to use, and interest is charged or credited upon the daily balance, as the case may be. From the facility which these cash credits give to all the small transactions of the country, and from the opportunities which they afford to persons who begin business with little or no capital but their character, to employ profitably the minutest products of their industry, it cannot be doubted that the most important advantages are...
Página 212 - ... fait au nom de la commission du commerce et de l'industrie chargée d'examiner le projet de loi relatif à l'enseignement technique, industriel, et commercial.
Página 196 - God bless the squire and his relations, And keep us in our proper stations.
Página 38 - There is also one part of their system which is stated by all the witnesses (and in the opinion of the committee very justly stated) to have had the best effects upon the people of Scotland, and particularly upon the middling and poorer classes of society in producing and encouraging habits of frugality and industry. The practice referred to is that of cash credits.
Página 324 - For we find the Commissioners appointed by the United States Government to inquire into their practice and success reporting that they have " demonstrated beyond doubt that, with equal prudence and intelligence on the part of the lender, loans to the industrious and. economical poor are as safe as those made to any class whatever of the rich.
Página 237 - Butler's famous tautology that " . . . . the value of a thing Is just as much as it will bring...
Página 16 - ... productive ability. FARMERS BECOMING BANKERS. Naturally such a large class of the population as the farmers, producing wealth and surpluses to the extent that they are, have savings which they invest in various ways, since in this country the stocking and its hiding place are not the savings bank. One of the most notable outgrowths of savings by farmers is the very great multiplication of small national banks in recent years.
Página 37 - ... DECREATED them into nothing, which, having served their purpose after a time, were " Melted into air, into thin air." " But their solid results have by no means faded like the baseless fabric of a vision, leaving not a rack behind. On the contrary, their solid results have been her far-famed agriculture ; the manufactures of Glasgow and Paisley ; the unrivalled steamships of the Clyde ; great public works of all sorts — canals, railroads, roads, bridges ; and poor young men converted into princely...
Página 47 - It may be well at this point to call attention to the fact that within the past few years there has been an increasing tendency to use the word "inflation" without defining it, and to apply the term to any riff in the price level.