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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 of the Commissioner of the Banking Department of the State of ... - Page xvii
by Michigan. Banking Division - 1906
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National Bank Cases: Containing All Decisions of Both the Federal ..., Volume 3

Irving Browne - National banks (U.S.) - 1889 - 824 pages
...amounts upon speculative and accommodation paper, but it contemplated and permitted to an unlimited amount the discount of paper 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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The Federal Statutes Annotated: Containing All the Laws of the ..., Volume 5

United States - Law - 1905 - 1032 pages
...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...transaction of the legitimate business of the country. Oswego Second Nat. Bank v. Hurt, (1883) 93 NY 244. Drafts against existing values. — Drafts may be...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - Banks and banking - 1905 - 448 pages
...National hanks from the hazard of speculative loans, hut it contemplated and permitted to an unlimited amount the discount of paper used and required in...property and money in the transaction of the legitimate husiness of the country." Citing Oswego Second National Bank v. Burt, 93 N. Y. 244. It was evidently...
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A Treatise on the Law of National and State Banks: Including the Clearing ...

Harvey White Magee - Banking law - 1906 - 864 pages
...amounts upon speculative and accommodation paper, but it contemplated and permitted to an unlimited amount the discount of paper used and required in...transaction of the legitimate business of the country." The provisions of this section limit the amount that may be borrowed from the association by any one...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - Banks and banking - 1906 - 500 pages
...National hanks from the hazard of speculative loans, hut it contemplated and permitted to an unlimited amount the discount of paper used and required in 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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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - Banks and banking - 1907 - 536 pages
...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...the transaction of the legitimate business of the countrv." Citing Oswego Second National Bank v. Burt, 03 NY 244. It was evidently the intent of the...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - Banks and banking - 1908 - 586 pages
...National banks from the bazard of speculative loans, but it contemplated and permitted to an unlimited amount the discount of paper used and required in...country,'' Citing Oswego Second National Bank v, Burt, ÍKˇ N, Y, 244, It was evidently the intent of the Legislature, in enacting the provision above referred...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - Banks and banking - 1909 - 612 pages
...National hanks from the hazard of speculative loans, hut it contemplated and permitted to an unlimited amount the discount of paper used and required in...property and money in the transaction of the legitimate husiness of the country," Citing Oswego Second National Bank v. Burt. 03 NY 244. It was evidently the...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - Banks and banking - 1910 - 652 pages
...National banks from the hazard of sjœculative loans, but it contemplated and permitted to an unlimited amount the discount of paper used and required in facilitating the transfer of proj>erty and money in the transaction of the legitimate business of the country." Citing Oswego Second,...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - Banks and banking - 1916 - 798 pages
...National hunks from tin- 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 money in the transad ion of the leKltlmate business of the country." Citing Oswcgo Second National Hank v. Burt....
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