Chapter 11: Institutions for Saving and Investment

REFERENCES.

_Chamberlain, Laurence_, Principles of bond investment. 4th ed.,
1913.
The work of the bond house. 1913.

_Devine, H. C._, People's coöperative banks for workers in towns,
and small holders, allotment cultivators, and others in country
districts. 1908.

_Dexter, Seymour_, A treatise on coöperative savings and loan
associations. Ed., 1894.

_Fisher, Irving_, _Kemmerer, E. W._, _Brown, H. G._, and others, How
to invest when prices are rising. 1912.

_Guenther, Louis_, Investment and speculation. 1916. (La Salle Uni.)

_Hamilton, J. H._, Savings and savings institutions. 1902.

_Johnson, A. S._, Influences affecting the development of thrift. P.
S. Q., 22: 224-244. 1907.

_Kemmerer, E. W._, The United States Postal Savings bank. P. S. Q.,
26: 462-499. 1911.

_Kniffin, W. H._, The savings bank and its practical work. 1912.

*_Phillips_, ch. XVI.

_Wolff, H. W._, A coöperative bank handbook. 1909.
Coöperative banking. 1907.
People's banks. 3d ed., 1910.

QUESTIONS.

1. What are the nature and purpose of legislation restricting the
investments of savings banks?

2. What are these restrictions in this state? In your own state? In
those states which are regarded as having the most highly developed
laws in this field?

3. Is legislation in this field to be considered as subsidizing
certain types of private enterprise? If so, is it socially
justifiable?