Archive for the 'Finance' Category

Credit and the Federal Reserve Part 2

HESITATING to use force, our banking authorities have fallen back on reason. They and their allies have been trying to argue credit out of the stock market, placing before professional and amateur traders reasons why they should sell securities held on margin. If the dangers inherent in the present speculative enthusiasm are as [...]

Credit and the Federal Reserve Part 1

THE well-known columnist of the New York “World,” F. P. A., recorded in his diary the other day that he found two eminent artists arguing heatedly about the policy of the Federal Reserve authorities. This would have been surprising a year or six months ago but the credit situation in this country—and it [...]

Federal Reserve Jawboning Part 2

THE COMBINATION of the Federal. Reserve scolding and the boosted British bank rate chilled the enthusiasm of Wall Street speculators, and stock prices dipped sharply. They may have gone considerably lower by the time these words appear in print. The alarm was due to the feeling that the raising of the rate in London made [...]

Federal Reserve Jawboning Part 1

WE’VE tried everything else. Let’s give them a good old-fashioned scolding.” This is about what the members of the Federal Reserve Board must have said to each other before issuing the famous statement of February 6, in which they minced no words in asserting that the amount of funds being used for speculation was a [...]

Silver Coins 1921

BRITAIN’S NEW SILVER CURRENCY
SOME ten months ago the price of silver rose to a phenomenal figure in Great Britain and the authorities felt considerable anxiety lest people should be tempted to melt down the silver coinage in order to obtain silver bullion from it. Whereas in prewar days the shilling had an intrinsic value of [...]

Europe using more silver 1925

EUROPE USING MORE SILVER
One reason why the price of silver remained higher in 1924 than in 1923, was the large demand for silver for coinage in continental Europe. According to The Wall Street Journal, “European demand for coinage continues, and it is believed with the greater stabilization of exchange more silver will lie in demand [...]

Hyperinflation Conditions in Germany 1923

The effects of Hyperinflation on the People and Economy
The general impression received from three months in South Germany was of a people on short ration, mentally distressed, and living from hand to mouth; a people terribly shattered, terribly demoralized. They were industrious without hope; their moral nature was weakened, their courage undermined, or worn to [...]

8 Reasons to use Checks in 1925

BANKERS SUPPLY COMPANY CHECKSÂ
How a checking account helps you get ahead – in 8 ways!
You’ve thought of a check-book as a convenience. . . Now learn how it furthers financial success
THE way to handle money efficiently, say authorities and successful people, is to determine in advance just where each dollar is going. Thus you spend [...]