Excerpt from The History of Banks: To Which Is Added, a Demonstration of the Advantages and Necessity of Free Competition in the Business of Banking The first regular institution resembling what we call a Bank, was established at venice, nearly seven hundred years ago. In its origin it had nothing to do with the business of banking. It began in this way. The Republic being engaged in war, and falling short of funds, had recourse to a forced loan. The contributors to that loan, were al lowed an annual interest of four per ...
Read More
Excerpt from The History of Banks: To Which Is Added, a Demonstration of the Advantages and Necessity of Free Competition in the Business of Banking The first regular institution resembling what we call a Bank, was established at venice, nearly seven hundred years ago. In its origin it had nothing to do with the business of banking. It began in this way. The Republic being engaged in war, and falling short of funds, had recourse to a forced loan. The contributors to that loan, were al lowed an annual interest of four per cent on the sums they had been obliged to lend; certain branches of the public revenue were assigned for the payment of that interest; and a corpo ration, entitled the chamber os loans, was created for the express purpose of looking after this business, managing those branches of the revenue assigned to the lenders and attending to, and securing the punctual payment of the interest, as it fell due.
Read Less
Choose your shipping method in Checkout. Costs may vary based on destination.
Seller's Description:
Very Good-with no dust jacket. 0678003769. Reprint. Hard cover published by Augustus M. Kelley in 1971. No dust jacket. Dark blue covers with gilt lettering on front and gilt lettering on red background on spine. Corners are slightly bumped. Side edges of pages have a small stain near back cover. Book is in very good minus condition. 8vo, 158 pages, .8 lb.; 8vo 8"-9" tall; 158 pages.
