Online Library of Liberty: Economics, vol. 2: Modern Economic Problems

Savings institutions are necessarily also lending institutions. In this chapter they have been looked at mainly from the saver’s (the lender’s) standpoint, though their service to the borrower is of coördinate importance. In the case of building and loan associations this feature is most apparent. Later, the problem of the agricultural borrower will receive further consideration.

References.

Chamberlain, Laurence, Principles of bond investment. 4th ed., N. Y. Holt. 1911.

The work of the bond house. 1913.

Devine, H. C., Peoples coöperative bank for workers in towns, and small holders, allotment cultivators, and others in country districts. N. Y. Cassell. 1908.

Dexter, Seymour, A treatise on coöperative savings and loan associations. N. Y. Appleton. 1894.

Hamilton, J. H., Savings and savings institutions. N. Y. Macmillan. 1902. Kemmerer, E. W., Postal savings. P. 176. Princeton. Princeton University Press. 1917. (A historical and critical study of the postal savings system of the U. S.)

Kniffin, W. H., The savings bank and its practical work. N. Y. Bankers Pub. 1912.

Phillips, C. A., Readings in money and banking. N. Y. Macmillan. 1916. Ch. XVI.

Wolf, H. W., A coöperative bank handbook. Lond. King. 1909. Coöperative banking. Lond. King. 1907.

People’s banks. 3d ed. N. Y. Longmans. 1910.

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