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                                BANKING


                                  BY

                    William A. Scott, Ph.D., LL.D.

          Director of the Course in Commerce and Professor of
           Political Economy in the University of Wisconsin


                                CHICAGO
                          A. C. McCLURG & CO.
                                 1914


                               Copyright
                          A. C. McCLURG & CO.
                                 1914

                         Published April, 1914

                     Copyrighted in Great Britain


                 W. F. HALL PRINTING COMPANY, CHICAGO




EDITOR'S PREFACE


In Europe the average man looks upon the bank as a benefactor. Through
its agency he secures capital at