When bonds are let out to lift and place in one fund all earlier let out mortgages, new bonds

When bonds are let out to lift and place in one fund all earlier let out mortgages, new bonds sometimes name incorporated mortgages. Holders before the let out bonds are not obliged to exchange them for any new securities.

If you wish to use your check to pay the note, should in some other bank, or in real estate

If you wish to use your check to pay the note, should in some other bank, or in real estate purchase, either stocks, or bonds, you can find necessary to certify the check. It is made by the official of bank who writes or prints through the person of the check of a word 'or' Good When Properly Confirmed, 'and signs its name. (See an illustration). The quantity will be immediately subtracted from your account, and bank, guaranteeing your check, becomes responsible for its payment. Banks will usually certify any check, caught up them if to the investor have called for quantity to its credit irrespective of who represents the check, and this certificate does it for the person to bear in its pocket any quantity of actual cash. If you certify the check and then not use it, bring it in your bank, differently your account will be short quantity for which will delay the check. In Canada all checks are presented 'the keeper of the account book' for the certificate before to be presented to the paying cashier.
The certified check.
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FULL VALUE OF BANKS

If you wish to pull money from your own account, the most approved form of the check is written

If you wish to pull money from your own account, the most approved form of the check is written 'the Payment to the order of Cash.' It differs from the check, delayed to 'Bearer'. The paying cashier expects to see itself, or someone known to it as your representative when you write 'Cash'. If you write 'the Payment to the order [13] (your own name) that', you will be obliged to confirm your check before you could exchange it for money.

London - the biggest place of trade and trade in the world

London - the biggest place of trade and trade in the world. Its commercial greatness is testified by its greatness of the population. Its number of inhabitants more than 6 000 000. Buildings in which this extensive population lives if it is placed closely, would make continuous street which would be stretched through all Europe and Asia. The simple effort of maintenance of food for this extensive population demands huge trade. The horned livestock half-million is required to deliver its market of meat every year; also 2 000 000 sheep and 8 000 000 house birds. To deliver its fish market, 400 000 000 pounds of fish are required, and 500 000 000 oysters. Grain, a flour, fruit, oil, eggs, cheese, sugar, tea, and coffee, is brought to London daily in such quantities, that the prices of these consumer goods, all all over the world are based that they will bring in London. The whole nations and areas and areas receive the livelihood from industries which have for their end a delivery of a part of this huge requirement of food. Denmark, for example, owes the all prosperity [70] years of cent to its favourable
Manufacturing of oil for the London market. Brittany and Normandy, in France, almost are completely occupied in supply of that market with a house bird and eggs. Islands of the Sweater and Guernsey receive the basic riches, not as could be assumed, from milk and oil sale, but from delivery of London with a potato. Canada within last six or eight years has created with London huge trade in cheese, trade which exceeds any another which Canada, while even has our own house Illinois of the states in importance, Iowa, and Wisconsin, for to have an example the riches found new sources in a gratification to the London dairy trade. 'Elgin' and oils dairy 'Ames' - the products, known to the London consumer.
LONDON THE WORLD COMMERCIAL CENTRE

When the railway company, either a city or any other corporation wish to borrow money, it is usual

When the railway company, either a city or any other corporation wish to borrow money, it is usual practice to let out tools of the credit named bonds. The obligation means something, that connects. Bonds have the same relation to resources of corporation by which do to real estate.

One other reason for the financial superiority of the London lie in huge riches of the Great

One other reason for the financial superiority of the London lie in huge riches of the Great Britain. While almost half of century which the Great Britain imported much more than, it exported, and full volume of its import and export trade more than , than it was in 1850. A consequence - that not only that the Great Britain accumulated riches, but also it accumulated it extremely. Its saved up savings, therefore, were on hand in the world, and at it was so many money to invest the capital, that it became the nation of the creditor of the world. Full investments of the British capital into foreign countries (in loans, railways, industrial syndicates, etc.) As it is estimated, the huge sum more than 10 500 000 000$. London, of course, is an investment, management, and office supervision for this capital. And as so a lot of the British capital finds the place of investments in London, it naturally follows it all remaining jobless capital of the world which searches for investments, or is sent to London as the market, or otherwise assumes, that the price for investments into other place which current price of the capital in the London warrants accepts it. The London market rate of the capital, therefore, defines the market rate in any commercial centre of the world.
THE GREAT BRITAIN THE BEEHIVE COMMERCIAL AND THE MANUFACTURING INDUSTRY

We have now on the market and bond stocks, representing all conceivable kinds of the property

We have now on the market and bond stocks, representing all conceivable kinds of the property. Not only that properties of many kinds are used to let out bonds on, but it is a lot of kinds of bonds, often are issued on the same property. Thus we find among our railways not only at first, secondly, and the third mortgages, but also bonds of the income, the dividend bond, convertible bonds, have united bonds, bonds of the repayment, the bond of renewal, the bond of fund the falls accompanying the bond, the equipment bond, etc., while they do not put also imposing in apparently infinite disorder.

In detection of term of payment it is important to remember, that when the note - the delayed days

In detection of term of payment it is important to remember, that when the note - the delayed days after, are dated, actual days should be counted, and when the delayed months after are dated, time is considered by months.

As any other tool of the credit, a waybill can be deposited with the creditor as safety for money

As any other tool of the credit, a waybill can be deposited with the creditor as safety for money has promoted (or it can be transferred the buyer) means , and the property or the goods will be thus or are put in pawn or appointed. Operating on this principle, the consignor declares in a waybill, that it is necessary to put the goods to , or it appoints. When the consignor is incapable to insert a name when the waybill is disassembled, the account to order is made in what, the name is replaced according to the order of the consignor of words, or easier to order; it thus the understood, which goods it would be necessary to put whom gifts, in mission point, a waybill properly confirmed with the consignor. According to such simple arrangement as the account, to order to the dealer allow to sell the goods while they in the sea, or in ways, and cargo of the goods can pass to other owner some times before to arrive to its destination.

When the new enterprise of the railway is undertaken, its patrons often expect to force road not

When the new enterprise of the railway is undertaken, its patrons often expect to force road not only to deliver money for its building but also and to give a working capital besides. It is made by a problem of mortgages. Non-payment in interest payment throws road to receiver hands. Securities immediately fall in value and is possible syndicate of crafty speculators which allow to reorganise road and its management. It is history of many of our roads. There are unusual cases, of course, but the investor should be familiar with the facts before to buy the railway.

[40]

Payment usually becomes after simple identification or comparison of signatures
[40]
Payment usually becomes after simple identification or comparison of signatures. If the traveller lose the letter of credit, it should notify at once bank, letting out it and if it is possible, banks on which involved.
The second page of the letter of credit (is used).

The world had bankers and change machines during thousand years

The world had bankers and change machines during thousand years. The Babylon tablets have been found, which make entry of bank operations which took place in domination Nebuchadnezzar. Modern banking establishments, however, have arisen in the twelfth century. The Bank of Venice was the first establishment of this character in Europe, has based a. d. 1171. It has been based under the compulsory loan of republic. The funds deposited by it, could not be withdrawn, but have been transferred on books in pleasure of owners. The bank of Genoa [216] has been based in 1407, and many years were one of the basic banks
From Europe. It was the first to let out bank notes in circulation; they were contractual only that is, they have not been made by the check payable to bearer. It was long step before earlier system of transfers of the deposit which also was used by this bank. The bank of Amsterdam established in 1607, was the earliest considerable establishment of a kind which looked at trade encouragement. The bank of Hamburg established in 1619, was depositary bank and the reference based on fine silver bars. Deposits have been limited by silver. The state bank of England - is more than 200 years and as today recognise, are the greatest financial institution in the world. Almost all paper money of England is let out by this bank. This currency [217] is based partially
On securities and partially on coin deposits. Is to three or four banks in the United States more than hundred years. In 1781 Robert Morris, then the head of the finance presented to the Congress the plan concerning establishment of Bank of the North America in Philadelphia. In 1784 state of Massachusetts has included Bank of Massachusetts. In 1791 Bank of New York has been diplomaed.
FOOTNOTE:

If the businessman who has been accustomed to observe projects, continues to dishonour them during

If the businessman who has been accustomed to observe projects, continues to dishonour them during the period, banks through which pass of projects naturally conclude, that it is incapable to cover its debts.

The men subscribing thus, become responsible [43] for a good business management and are obliged to

Which company is organised
The men subscribing thus, become responsible [43] for a good business management and are obliged to operate according to state laws in
Which company is organised. Usually they are not responsible individually for debts of anxiety out of quantity of their individual subscriptions.
The certificate on a stock in firm-manufacturer.

Most interesting of all Australian colonies - Queensland (the population 472 179) as it is the

Most interesting of all Australian colonies - Queensland (the population 472 179) as it is the tropical country with a climate, so salutary, that white people can live in it both to be convenient and to be healthy. The heat instead of was exhausting, stimulates and surrounds. The most part of its soil has unsurpassed abundance. A unique lack - unequal distribution within a year of a downpour. But everywhere, where irrigational wells are shipped, the climate becomes very approaching for lifting of sheep, and also for growth of many kinds of fruit. Already there are 15 000 000 sheep and 5 000 000 horned livestock in a colony, and the wool is exported for the sum 15 000 000$ annually. Other agricultural export is frozen beef and mutton, and disappears also skin. A wool - the main export. The second export to importance is gold which reaches 10 000 000$ in a year. Tin also is exported, [174] and coal though worked a little,
It is a lot of. Developing export - sugar (2 500 000$ in a year), , a clap, tobacco, rice, and coffee. Difficulty, however, in development of these products is a labour question. White cannot work in plantations. Chineses prefer to work in mines. Natives will not work somewhere. No Negroes are accessible. As consequence Inhabitants of Polynesia should be imported. Brisbane (100 913) is the capital both the main city and port.
WESTERN AUSTRALIA

C involves H for? 2000, sells the project to bank in Boston; they send to Bank of New York, and

The correspondent, speaks Bank B, with instructions to gather from Hamburg
C involves H for? 2000, sells the project to bank in Boston; they send to Bank of New York, and [33] New York bank to their London
The correspondent, speaks Bank B, with instructions to gather from Hamburg.

Agents who do transportation work by rail, are railway corporations

Agents who do transportation work by rail, are railway corporations. These 'legal bodies' [269] are created by these several states and entrusted
With work of services of the public nature. In all German states and substantially in many other things the European states, the governments provide transportation means by rail; but in the United States the property and management of railways are fairly regarded to be a problem sizes, than the administrative department of our government for the present in a condition to consult.

Each big city has a system of a clearing house

Each big city has a system of a clearing house. To establish a clearing house, many banks connect themselves together, under certain instructions, for the purpose of an exchange daily once and place checks and other bill which they remember each other. Usual officials - the president, the secretary, the treasurer, both the manager, and clearing house committee. Checks, etc., which banks take to a clearing house, name clearing house exchanges, and a total sum papers name clearings of day. Those banks which bring less quantities than, they clean, are obliged to matter, good in cash or its equivalent within motionless time in the same day. Assume, for an illustration, that the clearing house association consists of five Banks-A, B, C, D, and E-and, which Bank A took to checks of a clearing house against B, C, D, and E achievement 20 000$, and that B, C, D, and E took to checks of a clearing house against achievement 21 000$. Then A there is this specific day a bank of the debtor, and owes a clearing house, or other banks through a clearing house, 1000$. Payment of balances by banks of the debtor and the receipt of balances banks of the creditor finishes transactions of each day. As the total sum brought to a clearing house, always is the same as the cleaned quantity, thus balances, should from banks of the debtor, there should be precisely equal to the sums to reception banks of the creditor. Clearings in New York in one day make from 100 000 000$ to 200 000 000$, and the actual processed cash if those in general are available, require [251] only to be for actual debtor balances. Usually once a week (in some cities
To thicket), city banks do to their clearing house the message based on daily balances, their conditions. The Clearing house establishes association among banks which has already proved in days of a panic of money of the biggest service to itself and community.
PAYMENT of BALANCES In CLEARING HOUSES