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Journal of the Canadian Bankers' Association, Vol. 13: Containing October 1905 to July 1906 (Classic Reprint)

  • Kartonierter Einband
  • 366 Seiten
Excerpt from Journal of the Canadian Bankers' Association, Vol. 13: Containing October 1905 to July 1906The recovery from the cri... Weiterlesen
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Excerpt from Journal of the Canadian Bankers' Association, Vol. 13: Containing October 1905 to July 1906

The recovery from the crisis of 1857-58 was slow and inter rupted. The gradual improvement of 1859 received a consider able impetus from the bountiful harvest of 1860, which greatly stimulated trade, and would doubtless have induced, under the spur of eager competition, quite a speculative expansion had it not been followed by a couple of poor harvests in 1861 and 1862. The Situation was further complicated by the outbreak of the Civil War in the United States. On the whole, however, the trade of Canada was steadily expanding.

The crippled condition of the Bank of Upper Canada, and the tying up of much of the capital of the Commercial Bank and others of the older banks, afforded greater opportunities than appeared on the surface for the expansion of the newer and untramnieled banks. Among these the most stable, enterprising, and best managed were the Ontario Bank and the Bank of Toronto, which were rapidly building up extensive and profit able businesses. The general situation encouraged an applica tion for charters on the part of several new banks, especially in Lower Canada where the effects of the late crisis had been least felt. It led also to applications by several of the older banks for amendments to their charters and authority to increase their capital. We shall subsequently Sketch the origin and development of some of the more important of these new comers. Meantime, however, to avoid confusion from trying to follow too many threads at once, we must confine our attention to a survey of the conditions into which these new banks were born.

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Produktinformationen

Titel: Journal of the Canadian Bankers' Association, Vol. 13: Containing October 1905 to July 1906 (Classic Reprint)
Untertitel: Containing October 1905 to July 1906 (Classic Reprint)
Autor:
EAN: 9781334429972
ISBN: 978-1-334-42997-2
Format: Kartonierter Einband
Herausgeber: Lulu Pr
Genre: Allgemeines & Lexika
Anzahl Seiten: 366
Gewicht: 490g
Größe: H229mm x B152mm x T19mm
Jahr: 2018