Voluntary Socialism; A Sketch by Francis Dashwood TandyVoluntary Socialism; A Sketch by Francis Dashwood Tandy

Voluntary Socialism; A Sketch

byFrancis Dashwood Tandy

Paperback | October 12, 2012

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1901 edition. Excerpt: ...asking for a law embracing the following provisions: "1. The inhabitants, or any portion of the inhabitants, of any town or city in the Commonwealth, may organize themselves into a Mutual Banking Company. "2. Any person may become a member of the Mutual Banking Company of any particular town, by pledging real estate situated in that town, or in its immediate neighborhood, to the Mutual Bank of that town. "3. The Mutual Bank of any town may issue paper money to circulate as currency among persons willing to employ it as such. "4. Every member of a Mutual Banking Company shall bind himself, and be bound, in due legal form, on admission, to receive in payment of debts, at par, and from all persons, the bills issued, and to be issued, by the particular Mutual Bank to which he may belong; but no member shall 'be obliged to receive, or have in possession, bills of said Mutual Bank to an amount exceeding the whole value of the property pledged by him. "5. Any member may borrow the paper money of the bank to which he belongs, on his own note running to maturity (without indorsement), to an amount not to exceed one-half of the value of the property pledged by him. "6. The rate of interest at which said money shall be loaned by the bank shall be determined by, and shall, if possible, just meet and cover the bare expenses of the institution. "7. No money shall be loaned by the bank to persons who do not become members of the company by pledging real estate to the bank. "8. Any member, by paying his debts to the Mutual Bank to which he belongs, may have his property released from pledge, and be himself released from all obligations to said Mutual Bank, and to holders of the Mutual Bank money, as such. "9. No Mutual Bank shall receive other than...
Title:Voluntary Socialism; A SketchFormat:PaperbackDimensions:58 pages, 9.69 × 7.44 × 0.12 inPublished:October 12, 2012Publisher:General Books LLCLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0217806481

ISBN - 13:9780217806480