How to Avoid Losses in Your Investing

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Finance Publishing Syndicate, 1920 - 87 halaman
 

Isi

I
15
II
21
III
29
IV
33
V
39
VI
45
VII
55
VIII
61
IX
67
X
73
XI
79
XII
85

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Halaman 68 - Nothing in this Act contained shall be construed to prohibit such notes, drafts, and bills of exchange, secured by staple agricultural products, or other goods, wares, or merchandise from being eligible for such discount...
Halaman 67 - An Act to provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes.
Halaman 68 - Act contained shall be construed to prohibit such notes, drafts, and bills of exchange, secured by staple agricultural products, or other goods, wares, or merchandise from being eligible for such discount; but such definition shall not include notes, drafts, or bills covering merely investments or issued or drawn for the purpose of carrying or trading in stocks, bonds, or other investment securities, except bonds and notes of the Government of the United States.
Halaman 67 - Federal reserve bank may discount notes, drafts, and bills of exchange! arising out of actual commercial transactions; that is, notes, drafts, and bills of exchange issued or drawn for agricultural, industrial, or commercial purposes, or the proceeds of which have been used, or are to be used, for such purposes...
Halaman 5 - This is the Law of the Yukon, that only the Strong shall thrive; That surely the Weak shall perish, and only the Fit survive. Dissolute, damned and despairful, crippled and palsied and slain, This is the Will of the Yukon, — Lo, how she makes it plain!
Halaman 55 - As long as this system continues, as long as the banks all over the country dump their idle funds upon the stock exchange, treating these stock exchange loans and New York balances invested therein as their quickest and most important secondary reserve, just so long is the stock exchange in an unsound condition and just so long will it be impossible to secure for our country the benefits of a wide discount market and effective bank rates.
Halaman 57 - Our bill market, on the other hand, should be protected from the daily "unsettlement" caused by increasing and decreasing demands of the stock exchange. The call money market ought to be based primarily on prime bills that can quickly be turned into cash balances, while the bulk of undigested stocks and bonds ought to be carried by time loans rather than call loans.
Halaman 57 - Ast present, our gold position is well protected by a trade balance so phenomenally in our favor. In the long run, however, our country will not be able safely to accomplish its new task of a world banker without the protection of an effective discount rate regulating a wide discount market. Our stock exchange must be protected from the vagaries of a daily fluctuating money supply; it should be placed on a basis of weekly or twoweekly settlements. Our bill market, on the other hand, should be protected...
Halaman 56 - ... the old system and because they thought that it would be impossible and dangerous to tinker with so immense and, at the same time, so delicate a structure. None the less, the system was remodeled without any serious disturbance and those were proved to have been right who predicted that if bankers could prosper with an unsafe system they would be certain to enjoy an even greater prosperity with a safe banking system. The same experience is in store for the stock exchange, but the question is:...
Halaman 56 - ... change of system is a most difficult task. It is obvious that it should be undertaken only with the greatest possible precautions. But the difficulty should not scare us into inactivity and indefinite delay when we know that eventually the change has got to be made. When drastic banking reform was first urged the most prominent bankers were opposed to it for the reason that they were prospering under the old system and because they thought that it would be impossible and dangerous to tinker with...

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