Co-Operative Finance: An American Method for the American People, to Encourage Business, Farming, Home-Owning, Individual and Corporate Success, Social (Classic Reprint)

An American Method of Co-operative Finance to: 1. Wisely Mobilize theB ases of Wealth gold, land and industries, labor and character, health and co-operation as means for credit and exchanges through a sound banking system. 2. Safely Furnish Suitable Banking Facilities to all the people all the time, and ever be adequate to the countrys needs for expansion or contraction. 3. Supply Rediscounts for commercial paper and farmers notes, acceptances, bills of exchange, clearings, collections, national and banking reserves, credit currency in addition to government money, etc., thus remedying all the defects in our present fiscal system while making the most of its advantages. 4. Insure That Jill Deposits Shall Be A vailable when wanted, furnish gilt-edge investments, accommodate farmers, other workers and small businesses, as well as richer individuals and larger corporations. 5. Provide Land Banks to Issue Nontaxable Bonds secured by mortgages upon real estate preferably owned farms and homes, thus encouraging agriculture and home-owning, while enabling other banks to realize upon such mortgages. 6. One Comprehensive A ct of Congress to establish forthwith this American monetary method, to be supplemented in due course by appropriate legislation in the respective states, all designed to encourage productive industry rather than gambling on the stock exchange. 7. This Method Will Insure Stability in Finance, facilitate exchange, reduce expense, risk and loss, be reasonably profitable, increasingly efficient, beneficial to all, harmful to none, promoting domestic industry and foreign trade the foundation of an economic prosperity that shall foster social justice, and make the United States more than ever the hope of the world.
(Typographical errors above are due to OCR software and don't occur in the book.)

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