The Project Gutenberg EBook of Banking, by William A. Scott

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Title: Banking

Author: William A. Scott

Release Date: April 17, 2010 [EBook #32027]

Language: English

Character set encoding: ASCII

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BANKING

BY

William A. Scott, Ph.D., LL.D.

Director of the Course in Commerce and Professor of
Political Economy in the University of Wisconsin

CHICAGO
A. C. McCLURG & CO.
1914

Copyright
A. C. McCLURG & CO.
1914

Published April, 1914

Copyrighted in Great Britain

W. F. HALL PRINTING COMPANY, CHICAGO

EDITOR'S PREFACE

In Europe the average man looks upon the bank as a benefactor. Through
its agency he secures capital at low rates for his business. In
America the bank is too often regarded as a necessary evil, certainly
not with affection. Yet it plays a most important role in the nation's
economy. Our banking laws are obsolete, unsatisfactory, and actually
in some instances detrimental to the best and widest use of the
nation's resources. Europe has many lessons for us in the problem of
how best to use our accumulations. With agriculture demanding and the
railroads calling for more capital, the question of scientific banking
assumes new proportions. This book, with its chapters on commercial
and investment banking, will help to a better knowledge.

F. L. M.

AUTHOR'S PREFACE

The purpose of this book is to supply the general reader with a simple
statement of the principles and problems of banking. Since it is
designed primarily for American readers, special att