. The Great war. 596,000,000 4,000,000,000 August 31st . 1,610,000,000 4,230,000,000 During the same period, July 23d to August 31st, the ag-gregate discounts and advances increased from 751,000,000marks ($178,738,000) to 4,855,000,000 marks ($1,155,490,000). In addition to the ordinary banking machinery, two newclasses of institutions were established to increase the facili-ties for credit. In the first place, the Kriegs dark hens kassen,or war-loan bureaus, granted loans on approved collateral,securities, and non-perishable commodities. These bureausissued notes in various denominations begi
. The Great war. 596,000,000 4,000,000,000 August 31st . 1,610,000,000 4,230,000,000 During the same period, July 23d to August 31st, the ag-gregate discounts and advances increased from 751,000,000marks ($178,738,000) to 4,855,000,000 marks ($1,155,490,000). In addition to the ordinary banking machinery, two newclasses of institutions were established to increase the facili-ties for credit. In the first place, the Kriegs dark hens kassen,or war-loan bureaus, granted loans on approved collateral,securities, and non-perishable commodities. These bureausissued notes in various denominations beginning as low asone mark as an offset for their loans. Such Kriegsdarkhens-kasse?ischeine, or war-loan bureau notes, were not legaltender, although they could be legally treated by the Im-perial Bank, when in its possession, as part of the resourcesconstituting its basis for note-circulation. The Bank has inpractice rigidly distinguished them from its gold coverin the reports illustrating its monetary £C
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Keywords: ., boo, bookcentury1900, bookdecade1910, booksubjectworldwar19141918
