In a loan of money on demand when it is strictly understood between bank and the borrower, that the

In a loan of money on demand when it is strictly understood between bank and the borrower, that the money so advanced, is positively small money-money which is subject to return to any minute when audits of bank for these-banks usually charge interest low interests. When interest rates are high [232], bankers prefer to deal in long -
Time paper. This general rule is reversed, when the situation is reversed. Bankers aspire to disseminate and define also a site of their maturity so that as seasons slid around, they will not have very much a considerable quantity which is becoming ripe once and very small quantity in other. They plan to be also 'in funds' during those seasons when always there is a big and favourable requirement of money. For example, in the centres of interest of cotton manufacture banks count on the big requirement of money between October and is made January when most part of purchases, to supply factories. Again, among those who operates also business in a wool, there is an active requirement of money in a wool paper clip in spring months. Wheat and grain yields - autumn consumers of money. The middle of winter and a heat of summer in the north usually - the periods of comparative stagnation in the monetary market. All these things mention norms, and the successful banker - it who from supervision and wide experience shows the majority of skill in a choice of time of its monetary weight.
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V. PROPERTY PLEDGES AND SECURITIES
TWO EXCELLENT CLASSES OF SECURITIES