 | United States. Department of the Treasury - Finance, Public - 1892 - 1184 pages
...paid in. But the discount of bills of exchange drawn in good faith against actually existing vaines and the discount of commercial or business paper actually owned by the person negotiating the enmi; shall not be considered as money borrowed. As the volume of business has increased the magnitude... | |
 | John B. Duryea - Banks and banking - 1892 - 448 pages
...bills of exchange, drawn in good faith against existing values, and the discount of business paper owned by the person negotiating the same, shall not be considered as a loan of money. § 59. Other Loans Prohibited. Banking associations cannot make any loans nor discount... | |
 | Nebraska, Guy Ashton Brown, Hiland Hill Wheeler - Law - 1893 - 1370 pages
...bills of exchange drawn in good faith against actually existing values, and the discount of commercial paper actually owned by the person negotiating the same, shall not be considered as money borrowed. SEC. 12. [Deposits when insolvent.] — No bank, corporation, firm, or individual engaged in the banking,... | |
 | George Mathewes Coffin - Banks and banking - 1893 - 186 pages
.... The discount of bills of exchange drawn in good faith against actually existing values;" and, "2. The discount of commercial or business paper actually owned by the person negotiating the same." Such paper as is clearly embraced in these two classes, the law says, "shall not be considered as money... | |
 | United States - 1893 - 1184 pages
...pni<l in. But tlic 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 s:une shall not he considered as money borrowed. As the volume of business has increased the magnitude... | |
 | New York (State) - Law - 1893 - 960 pages
...not exceed one-half the actual paid-in capital stock and aurplus of such corprations* or bankers or of commercial or business paper actually owned by the person negotiating the same. 2. No such corporation, nor any of its directors, officers, agents or servants, shall directly or indirectly... | |
 | Michigan. Banking Division - Banks and banking - 1894 - 344 pages
...such bank; but the discount of bills of exchange drawn in good faith againet actually existing valnes and the discount of commercial or business paper actually owned by the pereon negotiating the same shall not be coneidered as money borrowed; Provided, however, That the... | |
 | Nebraska. State Banking Board - Banks and banking - 1898 - 84 pages
...bills of exchange drawn in good faith against actually existing values, and the discount of commercial paper actually owned by the person negotiating the same shall not be considered as money borrowed.* SEC. 28. Any officer, director, or employe of any corporation, transacting a banking business in this... | |
 | Michigan. Banking Division - Banks and banking - 1895 - 352 pages
...such bank; but the discount of bills of exchange drawn in good faith againet actually existing valnes and the discount of commercial or business paper actually owned by the pereon negotiating the same shall not be considered as money borrowed; Provided, however, That the... | |
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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. 
