Author: George William DowriePublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 208
Book Description
The Development of Banking in Illinois, 1817-1863
Author: George William DowriePublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 208
Book Description
DEVELOPMENT OF BANKING IN ILLI
Author: George William 1880 DowriePublisher:
ISBN: 9781361807064
Category : History
Languages : en
Pages : 200
Book Description
The Development of Banking in Illinois, 1817-1863 (Classic Reprint)
Author: George William DowriePublisher: Forgotten Books
ISBN: 9780265395813
Category : Business & Economics
Languages : en
Pages : 184
Book Description
Excerpt from The Development of Banking in Illinois, 1817-1863 Early Illinois banking passed through four distinct cycles. The first originated and reached its climax be tween the years 1814 and 1819. The second began in 1821 and reached a culmination in 1824-25. The mania for internal improvements in the thirties caused the develop ment Of a third movement which came to a climax in 1837. The adoption of the stock bank system in 1851 began the fourth cycle which attained its highest point in 1860. The results of this study show that in each of these movements events follow a regular sequence: (1) An urgent demand on the part of a needy community for a plentiful medium Of exchange; (2) The passage of a law providing for a generous issue of poorly safeguarded paper; (3) A brief period of fictitious prosperity largely due to speculation; (4) A crisis which at first results in the suspension of redemption and later in the collapse of the bank of issue; (5) Hard times; (6) The develop ment of a strong anti-bank sentiment; (7) The beginning of the next cycle after a surprisingly brief interval. The method of treatment followed has been to outline the laws passed by the legislature and to show two things: (1) The causes which led to the enactment of the measures; and (2) The effect which the legislation produced upon the community. The material has been gathered from legislative records, newspapers, banking journals, county and state histories, and the letters and biographies of prominent men. Special mention is due the invaluable treatise of Governor Thomas Ford who was present at practically every session of the legislature before 1846. The general works of Knox and Sumner and the monograph on State Banks of Issue in Illinois by Garnett have proved useful in checking up conclusions drawn from common sources. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Financing an Empire
Author: Francis Murray HustonPublisher:
ISBN:
Category : Bankers
Languages : en
Pages : 620
Book Description
˜Theœ Development of banking in Illinois, 1817 - 1863
Author: George W. Dowrie“The” Development of Banking in Illinois
Author: George William DowrieFinancing an Empire, Vol. 2
Author: Francis Murray HustonPublisher: Forgotten Books
ISBN: 9780260467256
Category : Reference
Languages : en
Pages : 622
Book Description
Excerpt from Financing an Empire, Vol. 2: History of Banking in Illinois The Commercial National had built its deposit account up to fifty million dollars, without merger or consolidation when on September 1, 1909, it took over the Bankers National Bank. The Bankers National Bank was a promi nent institution and had deposits in excess of twenty million dollars, As a part of this consolidation plan the capital-stock of the Commercial National was increased to seven million dollars. The Bankers National made, therefore, an important addition to the components of what subsequently became the Continental and Commercial National Bank. On April 1, 1910, the capital stock of the Conimercial National Bank was increased to eight million dollars. At the same time the Commercial Trust and Savings Bank was organized with capital of one million dollars. Early in 1910 negotiations were opened by the Continental Bank's officials with the directors of the Commercial National Bank with a view to unifying these two interests. The negotiations were brought to a successful conclusion and on August 1, 1910, the Continental National Bank and the Commercial National Bank were merged under the name of the Continental and Commer cial National Bank of Chicago. The new bank had a capital of twenty million dollars and surplus of ten million dollars. The number of banks which were consolidated or merged before the final consolidation of interests August 1, 1910, had been reduced to four major units in the year preceding. The four institutions were the Continental Na tional Bank, the Commercial National Bank, the Commercial Trust and Sav ings Bank and the American Trust and Savings Bank. As a part of the general merger the American Trust and Savings Bank and the Commercial Trust and Savings Bank were consolidated under the name of Continental and Com mercial Trust and Savings Bank. The capital stock of this institution was owned by the stockholders of the National Bank. Thus the union of national and state bank - of commercial, savings, trust and investment business - was insured. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
The History of Banking in Illinois Since 1863 ...
Author: Joseph William CharltonPublisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 80
Book Description
Where Eagles Soar
Author: Janice A. PetterchakPublisher:
ISBN: 9780976068303
Category : Business & Economics
Languages : en
Pages : 132
Book Description
Fifty Years of Banking in Illinois
Author: Old National Bank of Centralia, IllinoisPublisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 68
Book Description