PAGE | |
Chapter I.—A New Banking System, | 5 |
Chapter II.—Specie Payments, | 12 |
Chapter III.—No Inflation of Prices, | 21 |
Chapter IV.—Security of the System, | 35 |
Chapter V.—The System as a Credit System, | 41 |
Chapter VI.—Amount of Currency Needed, | 48 |
Chapter VII.—Importance of the System to Massachusetts, | 59 |
Chapter VIII.—The True Character of the "National" System, | 70 |
Chapter IX.—Amasa Walker's Opinion of the Author's System, | 75 |
The reader will understand that the ideas presentedin the following pages admit of a much morethorough demonstration than can be given in sosmall a space. Such demonstration, if it shouldbe necessary, the author hopes to give at a futuretime.
Boston, March, 1873.
Under the banking system—an outline of which ishereafter given—the real estate of Boston alone—takenat only three-fourths its value, as estimated bythe State valuation[A]—is capable of furnishing threehundred millions of dollars of loanable capital.
Under the same system, the real estate of Massachusetts—takenat only three-fourths its estimatedvalue[B]—is capable of furnishing seven hundred andfifty millions of loanable capital.
The real e