The Development of Banking in Illinois, 1817-1863 (Classic Reprint) PDF Download
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Author: George William Dowrie Publisher: 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.
Author: George William Dowrie Publisher: 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.
Author: Francis Murray Huston Publisher: Forgotten Books ISBN: 9780666466884 Category : Business & Economics Languages : en Pages : 752
Book Description
Excerpt from Financing an Empire, Vol. 1: History of Banking in Illinois In the preparation of this work the author has had constantly before him the twofold function of a historian, namely, the recording of events and analysing their proportionate significance to the sub ject he is treating. In some instances it has been found necessary to sacrifice chronolgy in order that the manifold factors in the bank ing development of Illinois might be shown in a more logical relation, n but on the whole the historical order in which events occurred has been adhered to in telling the story. 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.
Author: Francis Murray Huston Publisher: Forgotten Books ISBN: 9780428070113 Category : Reference Languages : en Pages : 606
Book Description
Excerpt from Financing an Empire, Vol. 4: History of Banking in Illinois Coke Company and The Texas Company; trustee of the Mutual Life Insurance Com pany of New York; and director of the Art Institute of. Chicago. 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.
Author: Francis Murray Huston Publisher: Forgotten Books ISBN: 9780265071649 Category : Languages : en Pages : 624
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.
Author: George William Dowrie
Author: George William Dowrie
Author: George William Dowrie
Author: George William 1880 Dowrie
Author: George W. Dowrie
Author: George William Dowrie
Author: Francis Murray Huston
Author: Francis Murray Huston
Author: Francis Murray Huston
Author: Joseph William Charlton
Author: Joseph William CHARLTON