Excerpt from American Banking The act is a bigger thing by all Odds for the world's trade than the Panama Canal. The passage of the measure was a greater discovery than half a dozen African gold fields. That striking statement with reference to one aspect of banking emphasizes the tremendous force and power of banking in modern economic life. Recent experiences have awakened keener public appreciation of the funda mental problems in banking. Finance in all its relations is very intimate to all of us. Business men are seeing more clearly the business services which a good banking system is capable of rendering them, provided it is used intelligently and understandingly, and the nation as a whole, after many bitter experiences with an inadequate and archaic banking machinery, has awakened to the national and international importance of a scientific money and banking system. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.