Federal Banking Laws and Reports, 1780-1912 ..., 50th Anniversary, 1913-1963 .... |
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... created in order to consider the proposed Federal Reserve Act of 1913 . The contents also include material pertaining to the National Cur- rency Act of 1863 , the 100th anniversary of which is being celebrated this year . These laws and ...
... created in order to consider the proposed Federal Reserve Act of 1913 . The contents also include material pertaining to the National Cur- rency Act of 1863 , the 100th anniversary of which is being celebrated this year . These laws and ...
Page 17
... created by a well constituted national bank . The establishment of banks in this country seems to be recom- mended by reasons of a peculiar nature . Previously to the Revolu- tion , circulation was in a great measure carried on by paper ...
... created by a well constituted national bank . The establishment of banks in this country seems to be recom- mended by reasons of a peculiar nature . Previously to the Revolu- tion , circulation was in a great measure carried on by paper ...
Page 21
... creation of an ample capital , and with this view , fixing the bounds which are deemed safe and convenient , to leave no discretion either to stop short of them , or to overpass them . The want of this precaution in the establishment of ...
... creation of an ample capital , and with this view , fixing the bounds which are deemed safe and convenient , to leave no discretion either to stop short of them , or to overpass them . The want of this precaution in the establishment of ...
Page 23
... creation of such an institution , at the time it took place , was a measure dictated by wisdom . Its utility has been amply evinced by its fruits ; American independence owes much to it . And it is very conceivable , that reasons of the ...
... creation of such an institution , at the time it took place , was a measure dictated by wisdom . Its utility has been amply evinced by its fruits ; American independence owes much to it . And it is very conceivable , that reasons of the ...
Page 24
... created , composed partly of coin and partly of land , yet the benefit contemplated could only then be obtained by the bank's advancing them its notes for the whole , or part , of the value of the lands they had subscribed to the stock ...
... created , composed partly of coin and partly of land , yet the benefit contemplated could only then be obtained by the bank's advancing them its notes for the whole , or part , of the value of the lands they had subscribed to the stock ...
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Common terms and phrases
aforesaid agent amount annually appointed asso authority bank notes Bank of England Bank of United banking association bills of exchange branches capital stock cent centum certificates charter circulating medium circulating notes clearing-house coin commercial commercial paper committee comptroller Congress Constitution corporation deemed demand deposits depreciation discount dividends duty election equal established Executive existing funds further enacted gold and silver Government hundred incorporation increase institution lawful money legislation liabilities loans ment Metropolitan National Bank millions of dollars national bank national currency National Reserve Association necessary object operations opinion organization certificate organized paid paper Para Para Para payable persons present President principle public money purpose receive redeem regulate revenue Secretary shares stockholders subscribing subscriptions taxes thereof tion transactions transfer treasury notes United States bonds United States notes usury vote York