Cosmopolitan Views of American Finance (Classic Reprint)

Bücher

Angebote / Angebote:

Excerpt from Cosmopolitan Views of American FinanceExemption from taxation would place these bonds on an even footing with most other money investments in our country, and the amount of capital commonly loaned at low rates or lying idle in our Banks, Insurance and Trust Companies, would gradu ally be absorbed thereby.These long four per cent. Untaxed bonds would always be in demand for settle ments, estates and trusts of all kinds, which investments, as our country grows richer, are steadily increasing.Many persons in Europe have been tempted by the high rate of interest to invest in our bonds. The great majority of such investments have been made in the face of supposed risk, and by the more daring and less conservative class of investors. A very large preportion is even now held by speculators, or by business houses for the employment of balances. It is closely questioned, whether any large percentage of our bends has been bought for permanent investment by the great capitalists and moneyed institutions. The very uncertain term of the bond itself would almost eon firm this doubt.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis 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.