Chapter XXIV

§1. Where were the first banks? and whence is the name derived?

§2. By what authority are our banks established? How is the capital stock raised?

§3. How do business men deposit and draw out their money?

§4. What is a _certificate of deposit_? How is it made transferable? and convertible into money?

§5. Describe the manner of transmitting money through banks.

§6. How are banks repaid? What is saved to business men by this mode of remittance?

§7. Describe the operation of lending money by a bank.

§8. Describe a bank bill. What if a bank is unable to redeem its bills? How are bill-holders secured against loss?

§9. What is the nature of the free banking system?

§10. How does this law provide for the security of bill-holders?

§11. What is the business of insurance companies? What do they insure? Define _policy-premium_.

§12. Of what consist the profits of stock insurance companies? Show this by an example.

§13. How are companies enabled to fix proper rates of insurance? Is all property insured at the same rate? Why not?

§14. Describe the character of mutual insurance companies. How is money raised for paying losses?