Proposals for Strengthening the National Banking System. II

Abstract

The bond-secured notes have not been a serious element of weakness, 634. — The present practice of paying interest on bankers' deposits, the fundamental cause of inelasticity, 637. — And also of the lack of any reserve of lending power in our banking system, 638. — Regular redemption of notes alone would not ensure elasticity, 642. — Evils which may be attributed to the bond-secured notes, 645. — A plan for the substitution of an asset currency of limited volume, 646. — Proposal for the modification of the present method of paying interest on bankers' deposits, 650. — Summary of the proposals in this and the preceding article, 654.