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Appendix to the Journals of the Senate and Assembly, Vol. 2 - Softcover

Of The Twenty-Third Session Of The Legislature Of The State Of California

 
9781331386148: Appendix to the Journals of the Senate and Assembly, Vol. 2

Synopsis

This book reports on the condition of California banks in 1878 and 1879, including comparative statements following semi-annual reports. Prior to this time, there was no reliable compilation of financial data on California banks. The authors provide a record of bank assets and liabilities at the end of each reporting period, and then conclude with a discussion of five savings banks and five commercial banks that failed during their period of examination. The authors were charged with visiting and examining each California bank, which had not been systematically done before, and raised concerns that led to reforms. The book offers a valuable perspective on banking in the Western US in the late 19th century.

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