The Making of America, Volume 3Making of America, 1906 - Inventors |
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Page 10
... invest revenue in bank stock . Many of the early bank charters reserved to the states the right to subscribe for a ... invested in bank stock were not , as in the east , derived from revenue ; but the states sold their bonds to secure ...
... invest revenue in bank stock . Many of the early bank charters reserved to the states the right to subscribe for a ... invested in bank stock were not , as in the east , derived from revenue ; but the states sold their bonds to secure ...
Page 24
... invested before 1815 with those that arose after that date . Demand for capi- tal in any community means the existence of numerous oppor- tunities for its profitable investment . Such opportunities had always existed in America in ...
... invested before 1815 with those that arose after that date . Demand for capi- tal in any community means the existence of numerous oppor- tunities for its profitable investment . Such opportunities had always existed in America in ...
Page 25
... invested in this way before 1815 . The settler moved out into the wilderness with his own little stock of household goods , farm implements , and cattle . No merchant with large credit in the east stood ready to advance supplies of food ...
... invested in this way before 1815 . The settler moved out into the wilderness with his own little stock of household goods , farm implements , and cattle . No merchant with large credit in the east stood ready to advance supplies of food ...
Page 28
... invested in a single industry , but divided up in loans among a great number of different industries , there had never been an indus- trial undertaking in the country that called for as much as a million dollars capital . Moreover , the ...
... invested in a single industry , but divided up in loans among a great number of different industries , there had never been an indus- trial undertaking in the country that called for as much as a million dollars capital . Moreover , the ...
Page 29
... investment in these enter- prises . There were of course but two sources of supply — the savings of our own people and such surplus capital as foreign- ers could be induced to lend us . Regarding domestic capital the situation had ...
... investment in these enter- prises . There were of course but two sources of supply — the savings of our own people and such surplus capital as foreign- ers could be induced to lend us . Regarding domestic capital the situation had ...
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advantages aggregate American amount average stockholding canal capital stock Carnegie Steel company census cent charter Chicago cities coal combination commerce commission competition consolidation corporations cost cotton crude oil deposits distribution dividends dollars earnings economic engineering England enterprises Erie railroad established existence fact favor freight funds important increase independent individual industrial institutions insurance companies interest investment investor J. P. Morgan labor large number less loans machinery manufacturing ment methods million monopoly national banks Ohio Ohio river operation organization output pany Pennsylvania period pipe lines Pittsburg plants policy holder present production profits promoter purchase question railroad railway refiners result roads savings secure shares South Improvement company speculative Standard Oil company Standard Oil trust supply surplus tion trade transportation trust companies twenty union United wages wealth York York Central railroad