The object of this provision of the statute was to guard National banks from the hazard of speculative loans, but it contemplated and permitted to an unlimited amount the discount of paper used and required in facilitating the transfer of property and... Annual Report - Page xixby Michigan. Banking Division - 1905Full view - About this book
 | Irving Browne - National banks (U.S.) - 1889
...from the hazard of loaning money in improvident amounts upon speculative and accommodation paper, but it contemplated and permitted to an unlimited amount...used and required in facilitating the transfer of prop erty and money in the transaction of the legitimate business of the country. Second National Bank... | |
 | Michigan. State Banking Department - Banks and banking - 1906
...this provision of the statute was to guard National banks from the hazard of speculative loans, but it contemplated and permitted to an unlimited amount...discount of paper used and required in facilitating ness of the country." Citing Oswego Second National Bank v. Burt, 93 NY 244. It was evidently the intent... | |
 | Michigan. Department of Attorney General - 1903
...this provision of the statute was to guard national banks from the hazard of speculative loans, but it contemplated and permitted to an unlimited amount...property and money in the transaction of the legitimate business of the country." Citing Oswego Second National Bank v. Burt, 93 NY 244. It was evidently the... | |
 | United States - Law - 1905
...this provision of the statute was to guard national banks from the hazard of speculative loans, but it contemplated and permitted to an unlimited amount...property and money in the transaction of the legitimate business of the country. Oswego Second Nat. Bank v. Hurt, (1883) 93 NY 244. Drafts against existing... | |
 | Michigan. Banking Division - Banks and banking - 1906
...2nd ed. p. 382. we find the following with respect to the limitation found in the National Banking Law : "The ohject of this provision of the statute...facilitating the transfer of property and money in thetransaction of tlie legitimate husiness of the country." Citing OswegoSecond National Bank v. Burt,... | |
 | Harvey White Magee - Banking law - 1906 - 800 pages
...from the hazard of loaning money in improvident amounts upon speculative and accommodation paper, but it contemplated and permitted to an unlimited amount...property and money in the transaction of the legitimate business of the country." The provisions of this section limit the amount that may be borrowed from... | |
 | Michigan. Banking Division - Banks and banking - 1906
...National banks from the hazard of speculative loans, but it contemplated and permitted to an uniimited amount the discount of paper used and required in...property and money in the transaction of the legitimate business of the country." Citing Oswego Second National Bank v. Burt, 93 NY 244. It was evidently the... | |
 | Michigan. Banking Division - Banks and banking - 1907
...National banks from the hazard of speculative loans, but it contemplated and permitted to an uulimited amount the discount of paper used and required in...property and money in the transaction of the legitimate business of the countrv." Citing Oswego Second National Bank v. Burt, 03 NY 244. It was evidently the... | |
 | Michigan. Banking Division - Banks and banking - 1908
...this provision of the statute was to guard National banks from the bazard of speculative loans, but it contemplated and permitted to an unlimited amount...property and money in the transaction of the legitimate business of the country,'' Citing Oswego Second National Bank v, Burt, ÍKˇ N, Y, 244, It was evidently... | |
 | Michigan. Banking Division - Banks and banking - 1909
...2nd ed. p. 3S2, we find the following with respect to the limitation found in the National Banking Law: "The ohject of this provision of the statute...country," Citing Oswego Second National Bank v. Burt. 03 NY 244. It was evidently the intent of the legisiature, in enacting the provision ahove referred... | |
| |