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" But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed. "
Annual Report - Page xvii
by Michigan. Banking Division - 1906
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Practical Information Concerning the Public Debt of the United States, with ...

William Adams Richardson - History - 1873 - 192 pages
...Provided, That the discount of bona fide bills of exchange drawn against actually existing values, and the discount of commercial or business paper actually owned by the person or persons, corporation, or firm negotiating the same, shall not be considered as money borrowed. SEC....
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REPORTS OF THE COMMITTEES OF THE HOUSE OF REPRESENTATIVES FOR THE FIRST ...

GOVERNMENT PRINTING OFFICE - 1874
...J'rovidfd, Tbat the. discount of Ъопч-fe bills of exchange drawn against actually existing values, and the discount of commercial or business paper actually owned by the person or persons, corporation, or lirm negotiating the same, shall not be considered as money borrowed. That...
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Acts and Joint Resolutions Passed at the ... General Assembly of the State ...

Iowa - Law - 1874
...Provided, That the dis- p rovlso count of bona fide bills of exchange drawn against actually existing value and the discount of commercial or business paper actually owned by the person or persons, corporation, or firm negotiating the same shall not be considered money borrowed. SEC....
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Statutes of the United States of America

United States - Law - 1917 - 706 pages
...bank or trust company, but the discount of bills of exchange drawn against actually existing value and the discount of commercial or business paper actually...person negotiating the same shall not be considered as borrowed money within the meaning of this section. r., req ,р^е pecierai reserve bank, as a condition...
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The N.Y. Weekly Digest of Cases Decided in the U.S. Supreme ..., Volume 14

Law reports, digests, etc - 1882 - 664 pages
...paid in. But the discount of bills of exchange drawn in good faith against actual existing values, and the discount of commercial or business paper actually...same, shall not be considered as money borrowed." US Rev. Stat., 5200. These drafts had no valid or legal inception until they were discounted and...
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Gold and Debt: An American Hand-book of Finance, with Over Eighty Tables and ...

William Lyman Fawcett - Finance - 1876 - 270 pages
...paid in. But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually...the same, shall not be considered as money borrowed. (SEC. 5201.) No association shall make any loan or discount on the security of the shares of its own...
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Acts Passed by the General Assembly of Georgia

Georgia - Law - 1876
...paid in ; but the discount of bills of exchange drawn in good faith, and the discount of commercial paper actually owned by the person negotiating the same shall not be considered as borrowed money. Semiannual SEC. VI. Be it furtlier enacted, That the Directors of said div1dends bank...
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The Century of Independence: Embracing a Collection, from Official Sources ...

John Russell Hussey - United States - 1876 - 545 pages
...Provided, That the discount of bona fide bills of exchange drawn against actually existing values, and the discount of commercial or business paper actually owned by the person or persons, corporation, or firm negotiating the same shall not be considered as money borrowed. SEC....
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Gold and Debt: An American Hand-book of Finance, with Over Eighty Tables and ...

William Lyman Fawcett - Finance - 1877 - 302 pages
...paid in. But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually...the same, shall not be considered as money borrowed. (SEC. 5201.) No association shall make any loan or discount on the security of the shares of its own...
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Gold and Debt: An American Hand-book of Finance, with Over Eighty Tables and ...

William Lyman Fawcett - History - 1877 - 292 pages
...paid in. But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually...the same, shall not be considered as money borrowed. (SEC. 5201.) No association shall make any loan or discount on the security of the shares of its own...
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