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- Title
THE NATIONAL BANKING SYSTEM.
- Authors
Dunbar, Charles F.
- Abstract
The article criticizes the U.S. banking system for its failure to adapt to the present requirements of the country. The banking system failed to provide uniform bank note currency throughout the country. The banking system failed to provide a return flow of notes under the effective plan of redemption due to circumstances under which the laws pertaining to the national banks were passed. The lack of investments in U.S. bonds and confining capital in a non-banking security are serious problems in the functioning of the banking system.
- Subjects
UNITED States; BANKING industry; NATIONAL bank notes; BANK notes; NATIONAL banks (U.S.); BANKING laws; GOVERNMENT securities; INVESTMENTS; PAPER money
- Publication
Quarterly Journal of Economics, 1897, Vol 12, Issue 1, p1
- ISSN
0033-5533
- Publication type
Article
- DOI
10.2307/1882306