Synopsis
Excerpt from Banking Principles and Practice, Vol. 3 of 5
The above officers constitute the management of the bank. Except the inherent and inalienable powers and liabilities of certain officers, the powers and liabilities of the officers in general are determined by delegation by the board of directors. The great object in View is to concentrate authority and responsibility and at the same time empower the subordinates with enough authority to execute business expeditiously. The larger the bank, the more persons have to be given authority to Sign for and bind the bank, and the more difficult become the delegation and supervision of this authority. In the pages following are given the legal and other qualifications of the shareholders, directors, president, and cashier, together with their legal authorities and liabilities, as recognized in courts of law. The powers and liabilities of the other employees are comprised within those of these officers, and it is not necessary or possible to state them in detail.
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Banking Principles and Practice, Vol. 3 of 5 (Classic Reprint)
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Paperback. Condition: New. Print on Demand. In this comprehensive book, the author provides a detailed insight into the principles and practices of banking administration. The text delves into the division of authority and responsibility among the shareholders, directors, president, and cashier, who collectively manage this institution. The author examines the legal and other qualifications for the aforementioned parties, elucidating upon their powers and liabilities in the eyes of the law. The crucial role of directors as trustees for shareholders and their duty to supervise the bank's operations is thoroughly discussed. The book also explores the various departments within a bank and their functions. It analyzes the departmentalization of tasks, tracing it to the inherent need for organizing the diverse operations involved. The text further evaluates the methods and systems of management adopted by banks, highlighting the advantages and criticisms associated with each. The work concludes by reiterating the significance of well-organized management in the banking industry. It underscores the need for cooperation among personnel and harnessing collective expertise through committees. Through its comprehensive analysis, this book serves as an indispensable guide for those seeking a thorough understanding of banking administration. 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 # 9781330398104_0
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Banking Principles and Practice, Vol 3 of 5 Classic Reprint
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330398104
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Banking Principles and Practice, Vol 3 of 5 Classic Reprint
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330398104
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