Other People’s Money and How the Bankers Use it

About this eBook

Author

Brandeis, Louis Dembitz, 1856-1941

Title

Other People's Money, and How the Bankers Use It

Credits

Produced by Turgut Dincer, Charlie Howard, and the Online Distributed Proofreading Team at www.pgdp.net (This file was produced from images generously made available by The Internet Archive)

Language

English

LoC Class

HG: Social sciences: Finance

Subject

Finance -- United States

Category

Text

Project Gutenberg

eBook-No. 57819

Release Date

August 31, 2018

Copyright

Public domain in the USA.

Contents

1. 1.OTHER PEOPLE’S MONEY AND HOW THE BANKERS USE IT
2. 2.PREFACE
3. 3.CONTENTS
4. 4.CHAPTER I OUR FINANCIAL OLIGARCHY — THE DOMINANT ELEMENT — THE PROPER SPHERE OF THE INVESTMENT BANKER — CONTROLLING THE SECURITY MAKERS — CONTROLLING SECURITY BUYERS — CONTROLLING OTHER PEOPLE’S QUICK CAPITAL — HAVING YOUR CAKE AND EATING IT TOO — POWER AND PELF — WHY THE BANKS BECAME INVESTMENT BANKERS
5. 5.CHAPTER II HOW THE COMBINERS COMBINE — RAMIFICATIONS OF POWER — TWENTY-TWO BILLION DOLLARS — CEMENTING THE TRIPLE ALLIANCE — THE PROVINCIAL ALLIES — THE AUXILIARIES — THE SATELLITES — THE PROTECTION OF PSEUDO-ETHICS — THE EVILS RESULTANT
6. 6.CHAPTER III INTERLOCKING DIRECTORATES — THE ENDLESS CHAIN — NULLIFYING THE LAW — THE ESSENTIALS OF PROTECTION — BANKS AS PUBLIC-SERVICE CORPORATIONS — OFFICIAL PRECEDENTS — SCOPE OF THE PROHIBITION
7. 7.CHAPTER IV SERVE ONE MASTER ONLY — THE PROHIBITION OF COMMON DIRECTORS IN POTENTIALLY COMPETING CORPORATIONS — PROHIBITING CORPORATE CONTRACTS IN WHICH THE MANAGEMENT HAS A PRIVATE INTEREST — APPLY THE PRIVATE INTEREST PROHIBITION TO ALL KINDS OF CORPORATIONS — APPLY THE PRIVATE INTEREST PROHIBITION TO STOCKHOLDING INTERESTS — SPECIAL DISQUALIFICATIONS — HOW THE PROHIBITION MAY BE LIMITED — THE POWER OF CONGRESS
8. 8.CHAPTER V WHAT PUBLICITY CAN DO — WEALTH — EXCESSIVE BANKERS’ COMMISSIONS — HOW SHALL EXCESSIVE CHARGES BE STOPPED? — THE STRIKE OF CAPITAL — PUBLICITY AS A REMEDY — REAL DISCLOSURE — DISCLOSE SYNDICATE PARTICULARS
9. 9.CHAPTER VI WHERE THE BANKER IS SUPERFLUOUS — BANKER AND BROKER — HOW THE BANKER CAN SERVE — WHERE THE BANKER SERVES NOT — CITIES THAT HELPED THEMSELVES — THE ST. PAUL EXPERIMENT — SALESMANSHIP AND EDUCATION — SAVINGS BANKS AS CUSTOMERS — COÖPERATION — CORPORATE SELF-HELP — BANKER PROTECTORS
10. 10.CHAPTER VII BIG MEN AND LITTLE BUSINESS — RAILROADS — STEAMSHIPS — TELEGRAPH — HARVESTING MACHINERY — THE BANKER ERA — STEEL — THE TELEPHONE — ELECTRICAL MACHINERY — THE AUTOMOBILE — HOW BANKERS ARREST DEVELOPMENT — TRUSTS AND FINANCIAL CONCENTRATION — STOCK EXCHANGE INCIDENTS — TRUST RAMIFICATIONS — THE SHERMAN LAW
11. 11.CHAPTER VIII A CURSE OF BIGNESS — THE HARRIMAN PACIFICS — UNION PACIFIC IMPROVEMENTS — HOW THE SECURITY PROCEEDS WERE SPENT — THE AFTERMATH — A BANKERS’ PARADISE — THE BURLINGTON — THE NEW HAVEN MONOPOLY — THE NEW HAVEN BANKERS — THE COAL MONOPOLY — OTHER RAILROAD COMBINATIONS — THE PENNSYLVANIA — RECOMMENDATIONS
12. 12.CHAPTER IX THE FAILURE OF BANKER-MANAGEMENT — BANKER CONTROL — THE BANKERS’ RESPONSIBILITY — WHY BANKER-MANAGEMENT FAILED — UNDIVIDED LOYALTY — DETACHMENT AN ESSENTIAL
13. 13.CHAPTER X THE INEFFICIENCY OF THE OLIGARCHS — SEEMING SUCCESSES — WHY OLIGARCHY FAILS — THE ELEMENT OF TIME — AVOCATIONS OF THE OLIGARCHS — SUBSTITUTES — ENGLAND’S BIG BUSINESS — INDUSTRIAL DEMOCRACY — A REMEDY FOR TRUSTS — COÖPERATION IN AMERICA — PEOPLE’S SAVINGS BANKS — BANKERS’ SAVINGS BANKS — PROGRESS
14. 14.Transcriber’s Notes

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