MGMT 1030 Lecture : Tutorial 10 Klassen Article (II) Study Questions
29 Mar 2012
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Study questions for henry klassen"s cowdry brothers: private bankers in southwestern. Shows regional development and entrepreneurial activity in frontier communities. Their father was a physician and surgeon, practised in toronto from 1860s to 1880s. Nathaniel was born in 1849 in devon, england, john 1857 in toronto. Nate started his banking career in royal canadian bank in 1866. They spent 4 years farming on a homestead near regina. They served farmers and ranchers, brought unique perspective to customer. In fort macleod, small community that relied on farming and ranching. Similarities: lent money to, opened despite accounts, processed cheques. Differences: unincorporated, smaller, no note issuing privileges, no obligation to provide financial statements, unaffected by legislative control of interest rates, capitalization, and reserve funds. Set up branches in pincher creek and cardston, but ended up being bought by union. 4)what were the loan practices of the cowdry brothers bank and what sectors of the.
