A Bank Reflects Life and Banking Misapprehensions
The article argues banking mirrors people's actions and local economic forces rather than existing in isolation. It links loan trends to business health, farming, and manufacturing, noting how loan defaults or collateral choices signal wider economic stress and community risk.
MENTIONED IN THIS ARTICLE
S . Dor
Prasue
Bank as Rebuilder Shows Profitable Urban Renewal
A New York savings bank earned 6 percent on a 56 000 investment after modernizing a 40 year old tenement on the lower East Side. Foreclosure forced takeover, then the bank installed heating and incineration systems, rebuilt the property, and now collects about $14 000 annually. The practice, cited by the American Bankers Association Journal, has 15 similar projects with profitable results.
MENTIONED IN THIS ARTICLE
York Savings Yeuk
Lower East Side
American Bankers Association Journal
Bananahees
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