Banking Systems of the World: An Impartial Statement of the Conditions of Note Issue by Banks in All Nations and the Workings of the Systems (Classic Reprint) - Hardcover

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Excerpt from Banking Systems of the World: An Impartial Statement of the Conditions of Note Issue by Banks in All Nations and the Workings of the Systems

Whether the conditions will change, and the pen dulum will take another swing, it remains for the future to show. The author does not care to venture a pre diction here.

In view of the interest taken in postal savings banks and the suggestion that they be made a part of the banking system of the United States, the author has no apology to make for adding a chapter on the sub ject. Nor does he need any other excuse for present ing information as to the operations of the State Bank of South Carolina, which was successfully conducted for sixty years, than that this important bank, which was under absolute control of the state, has never been treated at length in another book. The fact that a majority of the banking experiments made by states were failures is only another reason why its history should be interesting and instructive to the student of banking.

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