Abstract

What's Wrong with the Banks?
Curtis, J. G. | December 17, 1930 issue

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The article throws light on the various aspects of bank closing, due to supervisory authorities or financial difficulties. The largest bank ever failed is the National Bank of Kentucky of Louisville. Occasionally banks fail because their depositors in sheer panic start a run and the banks are unable to get cash fast enough to meet demands. The alternative to this problem may be mergers. This could be done by discriminatory taxation, such as is being put into effect in some States for the protection of independent merchants, ostensibly from chain-store competition, but in reality from consumers who prefer to buy where they can get the most for their money.

See Also:

BANKS & banking; INFLATION (Finance); BANK mergers; TAXATION; DEALERS (Retail trade); PURCHASING power
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