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Special Agents Series Volume 4

Special Agents Series Volume 4


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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. 1906 edition. Excerpt: ... FLOW OF FOREIGN CAPITAL. Largely because of the financial stability foreign capital, both from the United States and from Europe, is again flowing into Mexico. In the case of European investors its most marked feature is in the increase of bank holdings. The two leading financial institutions, which are controlled in London and Paris, respectively, and the chief native bank have added largely to their loanable funds by means of increased capital. French money is also going into mines. The bankstock movement became so pronounced that many of the smaller institutions were racing to increase their shares in the same manner, though the holdings were almost entirely local and no market existed for them abroad. These proposed expansions were becoming too much 'like speculative inflations, and the Government stepped in and stopped the financial ballooning. In order to limit the circulation of specie or paper money to the necessities of the country, the Government will not permit local banks to increase their capital stock without first complying with certain restrictions prescribed by executive decree. The creation of trust companies is now proposed as a means of finding employment for the overflow bank capital. On the part of the United States, while American money has added to the capital in new financial institutions and an increasing amount.of Mexican bank stock is held by banks and individuals in this country, the greatest inflow of capital continues to be in railroads, mines, and smelters, with some diversion into car equipment and similar industries, especially those based on tne generating of electricity by water, power. There is also an increase in the amounts invested in business, and more particularly in land purchases. Taking the result of...


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Product Details
  • ISBN-13: 9781154595536
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 18
  • Spine Width: 1 mm
  • Width: 189 mm
  • ISBN-10: 1154595536
  • Publisher Date: 05 Jul 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 54 gr


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