American Finance, Vol. 1

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Excerpt from American Finance, Vol. 1: Domestic This book must by its very nature be critical, and there is a good deal in it which American readers will dissent from. But the author has every confidence in its receiving from them just, and even indulgent, consideration. When they cannot accept his conclusions they will give him credit for the hard honest work that has been spent on them. NO one could study a subject as he has studied American finance for a quarter of a century without feeling a genuine interest in it. He may ¿atter himself that he has seen something of it in all its aspects and bearings. As a journalist he has traversed the American continent north and south, east and west. As a financier he has seen most of its financial institutions from the inside. It may also have been of some advantage to him to look at these institutions from a safe distance. There are things to be learned about American finance in Capel Court that cannot be picked up in Wall Street itself. It is only a few years ago that New York was a financial Satellite of London. How long will it be before London becomes a financial satellite of New York? About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.