A Practical National Marketing Organization and Rural Credits System for the United States, a Hearing Before the State Department, June 21, 1915
A Practical National Marketing Organization and Rural Credits System for the United States, a Hearing Before the State Department, June 21, 1915

Author: Charlotte C Weber Professor of Art David Lubin

Publisher: Palala Press

Published: 2016-04-22

Total Pages: 34

ISBN-13: 9781354320327

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A Practical National Marketing Organization and Rural Credits System for the United States
A Practical National Marketing Organization and Rural Credits System for the United States

Author:

Publisher: Forgotten Books

Published: 2017-12-13

Total Pages: 42

ISBN-13: 9780332697475

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Excerpt from A Practical National Marketing Organization and Rural Credits System for the United States: Addenda to a Hearing Before the State Department, June 21, 1915 In a letter to Senator Fletcher, commenting on the rural-credits situation, Mr. James Anderson, master of Portage Grange, Curtice, Mich, has this to say on the Landschaft bonds: It occurs to me that it will be hard to sell these bonds on the open market for the reason that money lenders would hesitate to buy them because they would not draw interest enough (3, 3a, 4 per cent). They could invest their money in other securities that would bring them more profit. As a rule, a statement may either be right or it may be wrong, but in this instance Mr. Anderson seems to be partly right and partly wrong at the same time. He is right so far as the money lenders, the savings banks, are concerned. These pay their depositors 3, 3a, or 4 per cent and make their profits by lending these deposits out at higher rates, largely to farmers on mortgages. Such money lenders, savings banks, could not afford to buy bonds at the same interest as they pay their depositors. They could, therefore, have no use for the Landschaft bonds. To this extent Mr. Anderson is right. 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.