Selling Latin America

Bibliographic data

Monograph

Identifikator:: 876559135

URN:: urn:nbn:de:zbw-retromon-1676

Document type:: Monograph

Author:: Borght, Richard van der http://d-nb.info/gnd/11625274X

Title:: Grundzüge der Sozialpolitik

Place of publication:: Leipzig

Publisher:: Verlag von C. L. Hirschfeld

Year of publication:: 1904

Scope:: 1 Online-Ressource (XII, 566 Seiten)

Digitisation:: 2017

Collection:: Economics Books

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

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: II. Teil. Arbeiterwohlfahrtspolitik

Collection:: Economics Books

( DEPOSITORS AND DEPOSITS 81 so withdrawn, it was said, would not flow back quickly to the local banks, because the postal savings bank law required local banks to pledge as security for the deposit of postal savings funds high grade securities supported by the taxing power. How could the banks in times of panic obtain money to purchase such securities? The advocates of postal savings did not take such a gloomy view. In fact they declared that postal savings banks would strengthen the finan cial situation in times of panic. That at such times the public might withdraw money from other banks and deposit it in postal savings banks they conceded, but they said this money, as soon as it was deposited in a postal savings bank, would be redeposited by the latter in a local bank. The net result would be that the money withdrawn by timid depositors would not be hoarded, as formerly, but would be returned promptly to the local banks whence it came. From the depositor’s point of view the result would be a loss of interest but the securing of a virtual Government guaranty of his deposit. The local banks would have the same money they had before, only the Government would be the depositor at 2j per cent interest, instead of the individual at a presumably higher rate. The al leged difficulty of securing, in times of panic,

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