Name: The History of Banks
SKU: 56754686
Price: 41.09 NZD
Availability: InStock
Author: Hildreth, Richard
ISBN: 9781983405136

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Type

Physical Book

Author

Richard Hildreth

Publisher

Createspace

Language

English

Pages

Format

Paperback

Dimensions

22.9x15.2x0.4 cm

Weight

0.12 kg.

ISBN13

9781983405136

Synopsis "The History of Banks"

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.

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The History of Banks - Hildreth, Richard

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