Co-operative Credit for the United States

Paperback | February 7, 2012

byHenry William Wolff

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated.1917 Excerpt: ... CHAPTER VIII CO-OPEHATIVE MOBTGAGE CREDIT The talk relating to new credit facilities in America is about "Co-operative Credit." However the main thought appears to be pointed at Mortgage Credit. The two things are evidently considered as more or less identical. But in truth they are not at all so--or at most only partially. The object of this book is to explain how Co-operative Credit may be organized and practised. The principal task set to the author in the present chapter accordingly is to deal with such known mortgage credit as is co-operative and to set forth its best methods. However it is impossible to approach such subject without previously devoting at any rate a short space to a hurried consideration of the relative merits of co-operative and non-co-operative methods of mortgage credit. Mortgage credit of course there must be in any country with private property in land. In these modern days landowners cannot do without it. Landowners, like others, require credit to enable them to carry on their business--let alone adjustments with co-heirs, jointures and the like. And it is no more than natural that, as a suitable pledge for credit, an owner of land, should in the first instance think of his land as a convenient security to offer. It must also appear perfectly proper that wherever debt is incurred for the purpose of improving land, the cost of such improvement should be charged upon the land itself and united with it into one asset. The mischief is that the improvement of land is not by any means in every instance the true object for which the credit is asked. However there is the land; it is the property of the demander of credit; and, instinctively, in seeking credit, the latter will turn first to this most readily pledgeable security, the tang...

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated.1917 Excerpt: ... CHAPTER VIII CO-OPEHATIVE MOBTGAGE CREDIT The talk relating to new credit facilities in America is about "Co-operative Credit." ...

Format:PaperbackDimensions:92 pages, 9.69 × 7.44 × 0.19 inPublished:February 7, 2012Publisher:General Books LLCLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0217695809

ISBN - 13:9780217695800

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