Die Lagerstätten von Wolfram, Zinn und Molybdän in Russland

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Monograph

Identifikator:: 1015587658

URN:: urn:nbn:de:zbw-retromon-32066

Document type:: Monograph

Author:: Frankfurth, Ernst http://d-nb.info/gnd/125271093; Gesell, Silvio http://d-nb.info/gnd/118538934

Title:: Aktive Währungspolitik

Edition:: 2. Auflage

Place of publication:: Erfurt

Publisher:: Freiland-Freigeld-Verlag

Year of publication:: 1921

Scope:: 1 Online-Ressource (80 Seiten)

Digitisation:: 2018

Collection:: Economics Books

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

INVESTMENT OF FUNDS 115 large a number of banks would in time of stress be of decided disadvantage to the Federal reserve system, which seeks as much as possible to mobil ize the financial resources of the country under one control. The bill which I now return repeals that provision so far as it might apply to funds accumulated in the hands of the Government un der the postal savings system. It is in this pro vision of the bill that I find myself unable to con cur. “It is my clear conviction, very respectfully urged and submitted, that as a matter of prin ciple as well as of policy we should strengthen and safeguard the new banking system very jealously with a view to the ultimate unification of the en tire banking system of the country under the supervision of the Federal Reserve Board. It would, in my judgment, be a grave mistake to take away any of the benefits or advantages held out by the present law to member banks to enter the system, and to take them away just as the system is about to be put into operation and the promises of the act of last December made good to the banks that have entered.” A year and a half later, on May 18, 1916, the Postal Savings Amendment act was passed, which contained a compromise between the posi tions on this subject taken in the bill previously

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