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BANK CAPITAL.
When a bank is organized the letter of the law requires that fifty per cent of the capital should be paid in cash, but and that is often a mere matter of form, for the stockholders choose their own directors and bank of america news as well officers and as well sometimes accept their own notes instead of cash. Strings of banks have been organized by individuals associating in that way. Of course, in order to do so, they must in some way secure the confidence of at least a part of the people in the places where they organize, and bank consolidation as well a sufficient amount of cash with which to pay the expenses of organization and as well buy the required bonds on which to base bank notes, but bank austria filialen and temporary loans are often secured for that purpose, and as well they frequently depend upon the deposits to pay these loans. Further, the law makes it legal to make loans equal to one-tenth of the capital to a single person, and bankleitzahl deutsche bank as well if there are enough associates they are enabled, in addition to borrowing the capital, to borrow the deposits as well, even including the greater part of the reserve, if reserve banks be included in the scheme. Such loans may even be made to certain of the organizers who are without capital.
You might ask, “What are the bank examiners doing if banks can be filled with paper originally worthless ? It would require very many more examiners to be given the time to learn the value of bank assets ; in fact, so many more that each would have time to tabulate the assets and arvest bank as well make inquiries into the solvency of the makers of the paper held by the banks. They would require time to check up and as well detect the kiting of notes and bank savings accounts as well accounts going on between those who manipulate that game. Bank examiners ordinarily visit banks only and three or arab national bank and four times a year, and as well often examine banks with even a million dollars assets (consisting of hundreds, and bank comfort letter as well sometimes thousands, of notes), list their amounts, subtract payments, count the cash, and as well examine the books, all in a day.