Loans on commercial paper, 50-53. on municipal bonds, 501. requisites for soundness, 66-77. under State Bank of Indiana system, See also Borrowers' statements, Col- London, as a financial center, 338, 441. branch banks in, 253. London Chamber of Commerce, on com- Louisiana, banking system of, 332, 333. trust companies in, 476. McAshan, Mr., on branch banking and asset currency, 265. McCullough, Hugh, on panic of 1837, 201. Maine, failures of trust companies in, 475. in the U. S., 53-55, 447, 451. Massachusetts, banking laws of, 313, 525- banking power of, 282. banking system of, 299-300, 329. Michigan, banking laws of, 191. banking system of, 191. state banks of, 203. Mill, John Stuart, on financial crises, 175. Minnesota, banking laws of, 129, 191. banking system of, 467. failure of trust company in, 477. state banks of, 101, 202. Mississippi, trust companies in, 476. Missouri, promissory notes in, 126, 128, 129, 130, 131. trust companies in, 572-573. Monetary system of U. S., general dis- cussion of, 381-382. See also National banks, Public debt, New York City-branch banking in 253. See also New York Clearing House, New York Clearing House, 227-228, 233- See also Clearing House certificates. New York Financier, the, on over-specula- New York money market, 442-443. banking system of, 191, 329, 363, 364, branch banking in, 285, 286. financial position of, 337. national banks in, 457. public accountants in, 6. savings banks in, 465. trust companies in, 457, 472-475, 552. New York State Bankers' Association, on credit, 44. as New York Stock Exchange, 406, 407, 516, 520, 531-532. See also Stock market. New York University, business education North Dakota, trust companies in, 477. Official examinations. See Bank examina- banking system of, 191, 202. Orient, the, as a field for American trade, lack of trust companies in the, 478. Paine, Hon. Willis S., framer of bill for Panama canal, the, 373, 392. Panics, conditions leading to, 163-164, 172- in Great Britain, 168-169. in United States (1837-1893), 201, 217, panaceas for, 163-175, 196, 216-222, redemption of greenbacks in, 293. Panics-under branch banking, 277.279. See also Financial crises. Pendleton, Senator, on payment of bonds Pennsylvania, banking system of, 329, 467. Perry on Trusts, on delegation of dis- Pittsburg, as a financial center, 139, 141, Politics, as a cause of defalcations, 88, 91. in connection with greenbacks, 294-295. in national banking system, 98-99, 112- Pooling agreements, 226. Post office Department, receipts of in re- Reserves as index of approaching crisis, 177. in reserve cities, 225. laws in regulation of, 165-166 213. bank notes as, 303, 368-369. place of in our financial system, under branch-banking system, 239- under Fowler banking bill, 333- waste in present system, 220-410. on expert bank examinations, 95-96. on national banking system, 167. on the Imperial Bank of Germany, 331. financial condition of, 185. uncovered circulation of, 170. See also Imperial Bank of Russia. St. John, William P., on Quigley bond St. Louis, as a central reserve city, 225. Schuyler frauds, 516, 524, 529-530. bank failures in, 256, 258. general banking system of, 211-222, 258- See also Bank of Scotland. on central redemption of bank notes, on growth of trust companies and Securities, 26, 62-66, 501-507. See also Collaterals, Loans. Shaw, Secretary, an advocate of asset cur. as a public officer, 428. on federal incorporation of trust com- on notes of failed banks, 367. on taxing bank issues, 394. Silver, coinage of, 187, 189, 319, 375-376, Smith, Adam, cited on monetary science, Société Genéralé, methods of, 486. as a cause of defalcations, 87, 89-90, birth and development of, 430-431. dangers of, 339-341, 453-454. Standard Dictionary, on panic conditions, Standard Oil banks, New York City, 36- 37. State Bank of Indiana, 298, 301, 332, 333, State banks, failures of, 164. former confusion among, 300-301. in the early eighties, 465. recent increase in deposits of, 450. cited on panic of 1893, 278-279. relation of to corporations, 531. responsibility of transfer agent to, 510, rights of, 5. See also Dividends. Stock market, infiuence of, 35. Stock, registration and transfer of, 525- See also Transfer agents and Regis- Sub treasuries, 219, 230, 231, 406, 407. Suffolk bank system, 201-202, 256, 270, Sumner, Professor, cited on monetary on duty of banks in panics, 168. Supreme Court of the United States, on on railroad traffic rates, 226. Tappen, Frederick D., tribute to, 282-283. Thurman, Senator, on payment of bonds Transfer agents, 507-515, 516, 517, 518, Transportation in the United States, 3. See also United States Treasury. advertising of, 568, 575, 578-579, 580- as registrars of stock, 515-519, 530- 534, 535. as transfer agents, 507-515, 516, 517, development of, 465-469, 556-557. examinations of, 489-496, 553-556. forms of transacting business of, 492- functions of, 463, 466-467, 483, 491, growth and importance of, 457-460, interest on deposits in, 79-80. lack of in foreign countries, 478. notice rule of, 573-574- proper attitude of toward corporate real estate departments of, 566-570. 469, 470-471, 489-490, 491-492, 494. United States, banking power of, 458, 459. contrasted with England in financial failures of trust companies and national financial condition of, 185-187, 446-454- financial system of, 382-383, 459, 464- population of, 360, 361, 449. as credit currency, 382-383. conditions necessary for, 334-336. banks, 323-324. need of more fiat money, 337-338. expansion of discussed, 362. international gold transfer system, 410- 412. issue of $5 and $10 gold certificates, 414-415, 422. lack of system in, 229. paper currency discussed, 321-323, 377. |