There the class of financial institutions which take some kind of the second plan between

There the class of financial institutions which take some kind of the second plan between commercial bank and savings bank has grown in this country, how much their service to the public is interested. They - that is known as to the company. National banks are forbidden according to the law from creation of loans on real estate and though the State Banks are not insured thus as a good banking they usually avoid loans of this character. The policy of commercial banks should make many rather small loans for a paper of the reduced working day while that from the companies should make the big loans for old [224] securities. Deposits the companies consist substantially of the serene sums what could be bypassed managers, executors, trustees,
Committees, societies, or from private conditions. They - what hardly will fluctuate very much in quantity. From the nature of their trust of deposits of the company find it convenient and favourable to make the big loans and in longer periods, than do usual banks. the companies not only receive the sums of money for the deposit which is subject to the check and for savings, and lend money for the bill and other securities, also, as well as commercial banks; but they also operate as agents, trustees, executors, managers, representatives, receivers for individual properties, and corporations. They often help as patrons or reorganizers of corporations and with sale of stocks, bonds, and securities. They operate also as agents for payment of the obligations which are becoming ripe in the future dates, such as awards on insurance, interest on and bonds, etc. the companies are organised according to state laws in which they exist and are usually subject to all supervision demanded in case of the State Banks.
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III. CORPORATIONS AND THE JOINT-STOCK COMPANIES [9]
CORPORATIONS