Archive for the 'Finance' Category

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 [...]

1929 Christmas Club Money

MORE CHRISTMAS-CLUB MONEY THAN EVER
“PEOPLE who depend on the Christmas â€” Club for their holiday spendings are not affected by the recent unpleasantness in Wall Street, for a recent press statement shows that this year’s payments are to be 10 per cent. greater than last year’s, and more than five times the amount in 1920. [...]

Overpaying Income Tax in 1925

DON’T OVERPAY YOUR INCOME TAX!
IT SEEMS strange that after all these years of income-tax paying, the Bureau of Internal Revenue should find it necessary to warn taxpayers making income returns not to pay more than they actually owe. But such is the case, observes Bradstreet’s, noting that the issuance of such a statement was found [...]

Insurance Coverage 1930

MORE BILLIONS FOR INSURANCE
SOME insurance readers of these columns were surprized some weeks ago to find a writer trying to impress his readers with the magnitude of the insurance business, and then citing figures which failed to show the full extent of that businessâ€”by a great deal. In fact, an insurance weekly, The Insurance Field [...]

Comparison of British and US Income Taxes 1930

A TALE OF TWO INCOME TAXES
THE heavy burden of the British tax-payer is a matter of general knowledge.
But it is interesting to find a careful comparison, between the income tax paid by the Britisher and that paid by the American of the same financial standing. Such a comparison is made by the British journalist, P. [...]