elville

JOHN M. GOULD

JOINT AUTHOR OF "GOULD AND TUCKER'S NOTES
ON THE U. S. STATUTES"

BOSTON

LITTLE, BROWN, AND COMPANY

1904

45

933

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PREFACE

In this work, the provisions of the National Bank Act of 1864 (Title 62 of the Revised Statutes of the United States) are fully reviewed, the amendments being inserted in their proper places, and the whole being annotated with all the decisions of the Courts, both Federal and State, to September, 1904, explaining or modifying the various provisions.

While the extensive and rapidly increasing business that has been carried on for forty years under this Act has in the main been developed with little friction or confusion, yet the numerous amendments made by Congress - some as late as 1903 — and the numerous important and interesting decisions still appearing in the reports, show that the subject even to-day is open to many doubts and possibilities of controversy, especially upon such points as Forfeitures for Charges of Usurious Interest, Power to Take and Hold Real Estate, and Mortgages thereof, as Security for Old or New Loans, Proper Limitations to Powers of Directors, Presidents and Cashiers, Ultra Vires, and the like.

Where there is any conflict of the decisions they are carefully compared, that it may be shown whither the weight of authority now tends, and altogether it is hoped that this work will be found of great practical service.

BOSTON, October 1, 1904.