A Few Facts and Suggestions on Money, Trade, and Banking by J. H. WALKER.

February 11, 2010

A Few Facts and Suggestions on Money, trade and Banking

Please Click on Image to Read the FULL Book Online


INTRODUCTION

Every man in the community has now the same liberty to make and issue money, that he has to buy, sell, walk, run, lift, or do a dozen other things, — no law hindering him. The only restriction is, that his money shall not be made in imitation of that made by any other man.

Two to three hundred millions of dollars, in money, are made each day, doing the work of money for the day, and are destroyed at night.

Money is coin, or any non-interest bearing title to property, that can be immediately realized on, with the option of coin.

In what is herein presented, the endeavor is to make plain what MONEY, TRADE, and BANKING really are, spending no time on theories, and claiming to do nothing more than to present existing facta with reasonable clearness and free from all technicalities. There is no other department of knowledge in which theories are of so little value, — where experience should so exclusively be teacher and master. In finance, as in nearly all other things, the truth lies on the surface. If it has been missed it is because we have ploughed too deep for it. We have missed it because it was so near and so simple ; we rejected it when we saw it. Furthermore, there is nothing in these questions that a plain man may not fully understand. In. order to fairly cover the ground and make the statements reasonably complete, it will be necessary to state, formally, many familiar things.



Please Activate the Full Screen Mode for Better Viewing Pleasure (2nd button from the left)




LINK

EMBED




Share

Related posts:

  1. An Inquiry Into The Causes and Modes of the Wealth of Individuals, or, The Principles of Trade and Speculation INTRODUCTION. POLITICAL ECONOMY is the science which treats of general...
  2. Modern Money Mechanics – Federal Reserve The purpose of this booklet is to describe the basic...
  3. Abnormal Features of Amercian Banking by B E Walker ABNORMAL FEATURES OF AMERICAN BANKING. ADDRESS BY B. E. WALKER,...
  4. Money, Banking, and Finance by Albert Sydney Bolles PREFACE Excellent books on the best methods of bank book-keeping...
  5. A Short History of Paper-Money and Banking in the United States, including an account of provincial and continental paper-money by William M. Gouge Importance of the Subject. In an address to the stockholders...

Tags: , , , , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *

*

Featured Websites

Featured Stock Market Books

A Financial Chapter in the History of Bombay City

In 1897 the Editor of the Advocate of India invited me to contribute to its columns a narrative of the rise, growth and collapse...

Read more »

The New York Stock Exchange; a Discussion of the Business Done, Its Relation to Other Business, To Investment, Speculation and Gambling by H S Martin

FOREWORD The New York Stock Exchange can The be said to have been begun 125 years. Beginning ago 100 years of which it has...

Read more »

The Essential Features of Securities by Byron Webber Holt

What Our Problem Is There are available for purchase or sale securities of the widest possible variety, issued by countless corporations, municipalities, states, nations,...

Read more »

Twenty-One Years in the Boston Stock Market by Joseph Gregory Martin

PREFATORY REMARKS In the present work the compiler has aimed to furnish a full and reliable history of the several stocks in the Boston...

Read more »

The Stock Market Barometer : A Study of Its Forecast Value Based on Charles H. Dow’s Theory of the Price Movement

CYCLES AND STOCK MARKET RECORDS AN English economist whose unaffected humanity always made him remarkably readable, the late William Stanley Jevons, propounded the theory...

Read more »