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The Passing of the Tariff

The Passing of the Tariff


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About the Book

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1909 edition. Excerpt: ...lack of system, or which were no savings at all for lack of the inducements which the present savings bank system offers. Under the system people of very small means, putting aside their little sums for old age or for a rainy day, contribute to a total for the entire country of thousands of millions of dollars. A statement published in December, 1907, by a financial magazine put the total at almost $3,700,000,000. This money is put into business. It is capital made productive. It is a strong factor in the business development of many sorts of enterprises. Though its investment is restricted by law so that it shall not be ventured in risky schemes and shall be regarded as a sacred trust to be administered by its trustees, yet it affords a great fund for the absolutely safe investments near home and liberates other capital in the hands of those who will take larger risks for larger profits, and so it is a directly available fund for developing the resources of the country. This system was not a factor when the tariff system was established, nor for many years afterward. It brings into the money market, in such quantity as to be a material factor in the situation, the many millions which are yearly saved by the thrifty and prudent people of the United States. Here, then, is the situation, the natural and inventive resources of the country always offering profitable investments for more capital than can be produced for their development, and demanding the employment of more labor than can be found for a supply. This is the chronic and healthful condition. Capital is produced in increasing abundance, though always insufficient for the demand, and prosperity follows every legitimate use of every dollar. Right across this current of enterprice, which...


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Product Details
  • ISBN-13: 9781151201218
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 62
  • Spine Width: 3 mm
  • Width: 189 mm
  • ISBN-10: 1151201219
  • Publisher Date: 01 Jul 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 127 gr


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