Tuesday, February 5, 2013

Effects of the War on the Money, Banking, Credit System of the United States by Benjamin Anderson

Status: Almost Complete (v.4)

EPUB: http://www.mediafire.com/?1bc7yizyd352hyx

Fix Notes:

Page 20: Presumably

Presumbably “espèces” means, simply, “ready funds” in the money market sense, including gold and silver coin, notes of the Banque de France, and deposits with the Banque de France and other banks.

Page 60: beginning

In the first place Germany, blockaded by the overpowering British navy, saw from the begining that she must make herself self-sufficing and that a radical transformation of her industries was therefore necessary.

Page 89: mobilized

[...] already been made to the proposal of Raphaël-Georges Lévy in 1914 shortly after the outbreak of the war that bank deposits be mobolized by means of checks “good only through the clearing house” accompanied by the use of clearing house certificates to be used in payments between the banks.

Page 119: receives

The former is a great state institution which re-cèives trust funds from the courts, the deposits of the friendly societies and the deposits of the ordinary savings banks, with some other minor items.

Page 160: Government

With the entrance of the United States into the war and the extension of credit by the American Government to the British Goverment, sterling has been in part protected by different measures.

Page 194: addition

In additon to control, worked out informally by the individual banks, over extensions of credit, there was organized on September 17, 1917, a subcommittee on money rates of the New York liberty loan committee, composed of the leading bankers of the city.

Page 208: Bethlehem

Among these were Butte and Superior, whose shares rose early on the great demand for zinc, Westinghouse Electric and, most conspicuous of all, Bethelehem Steel.

Page 224: "Levy, Raphaël-Georges," should be "Lévy"

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