Weltporto-Reform

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Monograph

Identifikator:: 1008918695

URN:: urn:nbn:de:zbw-retromon-20162

Document type:: Monograph

Author:: Jürgensohn, Arved http://d-nb.info/gnd/1045767883

Title:: Weltporto-Reform

Place of publication:: Berlin

Publisher:: Druck und Verlag von Liebheit & Thiesen

Year of publication:: 1910

Scope:: 1 Online-Ressource (XXIV, 317 Seiten)

Digitisation:: 2017

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

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Document type:: Monograph

Structure type:: Chapter

Title:: Kapitel III. Der Entwicklungsgang des In- und Auslandsportos

Collection:: Economics Books

FINANCE AND CREDITS 309 vantage of the situation, the position it as sumed has positively hurt us as a nation. One of the things to be met and overcome is the question of long credits. European mer chants originally extended much time to re liable customers. Instances are on record of from twenty-four to thirty-six months being given. Goods were often shipped on consign ment. The tendency of late, however, as busi ness became established in these lands has been to curtail credits. This condition is one which demands delicate and diplomatic handling and very naturally will be materi ally controlled by circumstances. European banks were organized, as hereinbefore ex plained, to discount long time paper, provided the drawer and the drawee were considered good risks. The Federal Reserve Act, how ever, falls short of helping us in this regard for the life of a foreign negotiable draft is limited by it to ninety days. Long credits are not to be encouraged. They were excusable in the age of the sailing ships and poor banking facilities, but with the

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