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Our Banking System Does Not Meet Needs of Cattle Breeding and Dairy Industries (Classic Reprint): Speech of Hon. Louis T. McFadden, of Pennsylvania, ... Saturday, February 21, 1920 (Classic Reprint) - Softcover
Synopsis
A historical look at the drafting of a government-backed financial charter This collection reveals how lawmakers considered a comprehensive charter for the Liberty Insurance League, detailing how a federal-backed financial and fiscal agent would operate and oversee multiple departments. The text outlines governance, capital structure, safeguards for policyholders, and the creation of separate departments such as life, live-stock, and fire, each with its own funds and rules.
The material is a window into early 20th-century policy thinking about how to organize credit, insurance, and pension systems under a single umbrella. It explains officer roles, compensation, auditing, and how funds are kept separate yet tied together under a central guaranty fund. You’ll see the proposed limits, solvency rules, and mechanisms intended to protect both the public and investors.
- How the charter defines the league’s name, structure, and long-term duration
- How capital, sinking, safety, and guaranty funds are planned and managed
- The role of censors, elections, and oversight in governance
- Provisions for old-age pensions, endowments, and beneficiaries
Ideal for readers of historical policy debates, governmental finance, and the evolution of insurance and credit systems. This edition presents the premise and framework without extraneous speculation, inviting you to consider how such mechanisms might have shaped policy and practice.
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Our Banking System Does Not Meet Needs of Cattle Breeding and Dairy Industries
Print on DemandSeller: Forgotten Books, London, United Kingdom
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Paperback. Condition: New. Print on Demand. This book delves into the intricacies of rural credit systems and their pivotal role in supporting agricultural development. Set against the backdrop of early 20th-century America, the author, a seasoned deposit banker, passionately argues for the establishment of a cooperative farm credit system based on personal security rather than land mortgages. Drawing inspiration from successful European models, particularly the CrÃÂ dit Agricole of France, the author proposes a system that utilizes bills of exchange to broaden the market for agricultural paper, reduce management expenses, and enhance the overall banking system. The book meticulously outlines the structure and function of this proposed system, encompassing a central bank, state-level branches, and local associations. It emphasizes the importance of cooperative principles in capitalizing the system and ensuring equitable access to credit for farmers. Addressing the limitations of deposit banking in meeting the long-term credit needs of agriculture, the author underscores the significance of aligning credit instruments with the production cycles of agricultural activities. Furthermore, the book explores the potential market for farm paper among wage earners, corporations, and life insurance companies, highlighting the stability and security of such investments. The author's insights into the cooperative approach to capital accumulation and the utilization of bills of exchange offer a compelling vision for a more efficient and responsive rural credit system. By advocating for a system tailored to the unique requirements of agriculture, this book underscores the critical link between access to credit and the prosperity of rural communities. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9780366373581_0
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