 | Law - 1875 - 438 pages
...customers. It was * * * a regulation to prevent these associations from splitting on the rock which has ruined so many banks, to wit, that of lending...being to protect the association and its stockholders aud creditors from unwise banking, we cannot suppose it was meant to injure them by forbidding recovery... | |
 | Isaac Grant Thompson - Law reports, digests, etc - 1875 - 840 pages
...loans of money to personal security, is to prevent these associations from splitting on the rock which has ruined so many banks, to wit: that of lending...too much of their capital to one person or firm. The 29th section provides: "That the total liabilities to any association, of any person, or of any company,... | |
 | Isaac Grant Thompson - National banks (U.S.) - 1878 - 1018 pages
...say. We are discussing the power conferred to make or create loans. Fowler v. Scully. the rock which has ruined so many banks, to wit: That of lending...too much of their capital to one person or firm. The 29th section provides: " That the total liabilities to any association, of any person, or of any company,... | |
 | Irving Browne - National banks (United States). - 1880 - 638 pages
...remarked in Fowler v. Scully, a regulation to prevent these associations from splitting on the rock which has ruined so many banks, to wit, that of lending...to protect the association and its stockholders and creditors from unwise banking, we cannot suppose it was meant to injure them by forbidden recovery... | |
 | George Washington Field - Ultra vires - 1881 - 620 pages
...loans of money to personal security is to prevent these associations from splitting on the rock which has ruined so many banks; to- wit, that of lending...too much of their capital to one person or firm. The 29th section provides: 'That the total liabilities to any association of any person, or of any company,... | |
 | Michigan. State Banking Department - Banks and banking - 1906 - 470 pages
...remarked in Fowler v. Scully, a regulation to prevent these associations from splitting on the rock which has ruined so many banks, to wit, that of lending...to protect the association and its stockholders and creditors from unwise banking, we cannot suppose it was meant to injure them by forbidding recovery... | |
 | Michigan. Department of Attorney General - 1903 - 172 pages
...remarked in Fowler v. Scully, a regulation to prevent these associations from splitting on the rock which has ruined so many banks, to wit, that of lending...to protect the association and its stockholders and creditors from unwise banking, we cannot suppose it was meant to injure them by forbidding recovery... | |
 | Michigan. Banking Division - Banks and banking - 1904 - 422 pages
...remarked in Fowler v. Scully, a regulation to prevent these associations from splitting on the rock which has ruined so many banks, to wit, that of lending...to protect the association and its stockholders and creditors from unwise banking, we cannot suppose it was meant to injure them by forbidding recovery... | |
 | Michigan. Banking Division - Banks and banking - 1905 - 448 pages
...regulation to prevent •these associations from splitting on the rock which has mined so many hanks, to wit, that of lending too much of their capital to one person or firm. The intention heing to protect the association and its stockholders and ereditors from unwise hanking, we cannot... | |
 | Michigan. Banking Division - Banks and banking - 1908 - 586 pages
...regulation to prevent these associations from splitting on the rock which bas ruined so many banks, to-wit, that of lending too much of their capital to one person...to protect the association and its stockholders and creditors from unwise banking, we cannot suppose it was meant to injure them by forbidding recovery... | |
| |
Scully, a regulation to prevent these associations from splitting on the rock which has ruined so many banks, to wit, that of lending too much of their capital to one person or firm. The intention being to protect the association and its stockholders... 
