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 xviiby Michigan. Banking Division - 1906Full view - About this book
 | Irving Browne - National banks (U.S.) - 1889 - 828 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... | |
 | United States - Law - 1905
...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... | |
 | Michigan. Banking Division - Banks and banking - 1905
...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... | |
 | Harvey White Magee - Banking law - 1906 - 800 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... | |
 | Michigan. Banking Division - Banks and banking - 1906
...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,... | |
 | 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...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... | |
 | Michigan. Banking Division - Banks and banking - 1908
...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... | |
 | Michigan. Banking Division - Banks and banking - 1909
...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... | |
 | Michigan. Banking Division - Banks and banking - 1910
...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,... | |
 | Michigan. Banking Division - Banks and banking - 1916
...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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