The Theory and History of Banking

Capa
G.P. Putnam's Sons, 1917 - 297 páginas
 

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Página 236 - ... to make good such reserve ; and if such association shall fail for thirty days thereafter so to make good its reserve of lawful money of the United States...
Página 224 - Associations may be organized in the manner prescribed by this Title for the purpose of issuing notes payable in gold; and upon the deposit of any United States bonds bearing interest payable in gold with the Treasurer of the United States, in the manner prescribed for other associations, it shall be lawful for...
Página 254 - Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta. Chicago, St. Louis, Minneapolis, Kansas City, Dallas and San Francisco.
Página 226 - These notes when received are in blank, certifying only the fact that the security for them is in the hands of the government; but when signed by the proper officers of the bank, they become its promises to pay upon demand, and can then be issued for circulation.
Página 136 - Parliament, and that it shall not be lawful for any body politic or corporate whatsoever created or to be created, or for any other persons whatsoever united or to be united in covenants or partnership exceeding the number of six persons in that part of Great Britain called England, to borrow, owe, or take up any sum or sums of money on their bills or notes payable on demand or at any less time than six months from the borrowing thereof...
Página 136 - ... whatsoever, united or to be united, in covenants or partnership, exceeding the number of six persons in that part of Great Britain called England, to borrow, owe, or take up any sum or sums of money on their bills, or notes, payable...
Página 9 - ... required and safely made, and to which individuals entrust money or other means of payment, when not required by them for use. In other words, the business of a bank is said to be to lend or discount, and to hold deposits. With these two functions may be combined a third, that of issuing bank-notes, or the bank's own promises to pay, for use in general circulation as a substitute for money.
Página 19 - every person, firm, or company having a place of business where credits are opened by the deposit or collection of money or currency, subject to be paid or remitted upon draft, check, or order...

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