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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. "
Digest of the Federal Reserve Act: Including Amendments to April 13, 1920 - Página 9
por Guaranty Trust Company of New York - 1920 - 35 páginas
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Public Documents of Massachusetts, Volumen6,Parte1

Massachusetts - 1894
...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. SECT. 18. Such corporation may hold real estate suitable...
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Official Opinions of the Attorneys General of the United States: Advising ...

United States. Department of Justice - 1909
...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." Section 5202, Revised Statutes, enacts : " No association...
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Statutes of the United States of America

United States - 1917
...company, but the discount of bills of exchange drawn against actually existing value and the discount of commercial or business paper actually owned by the person negotiating the same shall not be considered as borrowed money within the meaning of this section. r.,» req ,р^е pecierai...
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The N.Y. Weekly Digest of Cases Decided in the U.S. Supreme ..., Volumen14

1882
...discount of bills of exchange drawn in good faith against actual 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." US Rev. Stat., £ 5200. These drafts had no valid or legal...
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Gold and Debt: An American Hand-book of Finance, with Over Eighty Tables and ...

William Lyman Fawcett - 1876 - 270 páginas
...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. (SEC. 5201.) No association shall make any loan or discount...
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Gold and Debt: An American Hand-book of Finance, with Over Eighty Tables and ...

William Lyman Fawcett - 1877 - 270 páginas
...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. (SEC. 5201.) No association shall make any loan or discount...
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Gold and Debt; and American Hand-Book of Finance

W.L. Fawcett - 1877
...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. (SEC. 5201.) No association shall make any loan or discount...
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National Bank Cases: Containing All Decisions of Both the Federal ..., Volumen2

Irving Browne - 1880
...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. Thomp. NB Cas. 150, 169, 175, 396, 488, 888, 869 ; ante,...
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Executive Documents, Minnesota ..., Volumen2

Minnesota - 1883
...bills of exchange drawn in good faith against actually existing values." Second — " The discount of commercial or business paper actually owned by the person negotiating the same." The first of these exceptions needs no elucidation. The meaning of "bills of exchange" is well known...
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Proceedings of the ... Annual Meeting of the National Board of Trade, Volumen15

National Board of Trade (U.S.) - 1885
...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." Now, although there is a limitation of ten per cent, of...
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