The American Business Manual, Including Organization, Manufacturing, Advertising, Buying, Selling, Granting of Credit, and Auditing

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1914. Excerpt: ... IV FINANCE i. Banking Security Behind Bank Deposits--The National Banking System--Reserve System Under the National Banking Act--The Banking Law of 1913--Federal Reserve Banks--Branch Offices--Federal Reserve Board--Federal Advisory Council--Powers of Federal Reserve Banks--Open-market Operations--Government Deposits--Note Issues--Reserves of Federal Reserve Banks--Redemption Fund for Reserve Notes--Refunding Bonds--Bank Reserves--National Banks--Loans on Farm Lands--Foreign Branches--The Problem of Finance--Capital Stock--Preferred Stock--Dividends--Common Stock--Overcapitalization--Stock Certificates. 2. Subscribed Capital How Obtained--I. From Within--2. Selling to the Public--The Prospectus--The Promoter--3. Placing Stock on the Market--Curb Stocks--Speculation--(a) Buying on Margin--(b) Selling Short on Margin--Speculative Schemes--Governor Hughes's Classification of Investors--Publicity Methods--A Safeguard to the Investor--4. Underwriting--Underwriting Syndicate--Underwriting Methods. 3. Borrowed Funds 1. Trade Credit--2. Bank Accommodations--Corporation Notes as a Source of Capital--Discounting Personal Paper--Distributed Maturity--3. Corporation Mortgages--The Indenture--4. Corporation Bonds--The Sale of Bonds. 4. Negotiable Instruments Requirements--1. Form of Instrument--2. Wording of Instrument--3. Time of Payment--4. How Payable--Forms of Negotiable Instruments--1. Bills of Exchange, or Drafts--Two Kinds of Bills--(a) Inland Bills--(b) Foreign Bills--Parties to a Bill of Exchange--2. Promissory Note--Parties to a Note--Execution 'and ' Delivery--Acceptance--Protesting--Indorsement--Accommodation Signers, or Indorsers--3. Bank-notes--4. ChecksBank Check--Other Forms of Checks--5. Bonds--Classification--1. The Issuing Corporation--Class A--C...