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" 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 xix
by Michigan. Banking Division - 1905
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National Bank Cases: Containing All Decisions of Both the Federal ..., Volume 3

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...
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Annual Report of the Commissioner of the Banking Department of the State of ...

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...
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Annual Report of the Attorney General of the State of Michigan

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...
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The Federal Statutes Annotated: Containing All the Laws of the ..., Volume 5

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...
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Annual Report

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,...
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A Treatise on the Law of National and State Banks: Including the Clearing ...

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...
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Annual Report

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...
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Annual Report

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...
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Annual Report

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...
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Annual Report

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...
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