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" The amount of the banking capital of such individual or association to be freely fixed, but to be invested one-tenth at the discretion of the bank, the remaining nine-tenths in government stock, whereof the bank is to receive the dividends, but the principal... "
The Life of the Reverend John McVickar, S. T. D.: Professor of Moral and ... - Page 408
by William Augustus McVickar - 1872 - 416 pages
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Old and New, Volume 8

Edward Everett Hale - Liberalism (Religion) - 1873 - 820 pages
...provisions of a general statute. " 2d. The amount of the banking capital of such individual or associ ation to be freely fixed, but to be invested, one tenth...place the safety of the public beyond doubt or risk. " 3d. The promissory notes of such individual or association to bear upon their face the nature and...
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The Financial History of the United States, from 1861 to 1885

Albert Sidney Bolles - Finance - 1886 - 604 pages
...freely fixed, but to be invested one-tenth at the discretion of the bank, the remaining nine-tenths in government stock, whereof the bank is to receive the dividends, but the principal is to remain in pledge for the redemption of its promissory notes, under such securities as to place...
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Money and Banking Illustrated by American History

Horace White - Banks and banking - 1895 - 526 pages
...the bank, the remaining nine-tenths in government stock, whereof the bank is to receive the dividend, but the principal to remain in pledge for the redemption of its promissory notes, under such securities as to place the safety of the public beyond doubt or risk." In 1833 there was published...
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Money and Banking Illustrated by American History

Horace White - Banks and banking - 1896 - 530 pages
...the bank, the remaining nine-tenths in government stock, whereof the bank is to receive the dividend, but the principal to remain in pledge for the redemption of its promissory notes, under such securities as to place the safety of the public beyond doubt or risk." In 1833 there was published...
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A History of Banking in the United States

John Jay Knox - Banks and banking - 1900 - 994 pages
...remaining nine-tenths in Government stock, whereon the bank is to receive the dividends, but the remainder to remain in pledge for the redemption of its promissory notes under such securities as to place the safety of the public beyond doubt or risk. The stork to be made untransferable,...
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