Money, Banking, and FinanceAmerican book Company, 1903 - 336 páginas |
Dentro del libro
Resultados 1-5 de 40
Página 13
... issued by the government and banks as money ; others go still farther and put checks in the same category . It is of the utmost importance to understand the distinctions between coin and notes ; and when these are clearly understood ...
... issued by the government and banks as money ; others go still farther and put checks in the same category . It is of the utmost importance to understand the distinctions between coin and notes ; and when these are clearly understood ...
Página 14
... issued by the government for the amount , would you prefer these ? " - " What are they ? " asks the seller , " I do not know what you mean . " The buyer then reads one to him . In effect , the government promises to pay the bearer ...
... issued by the government for the amount , would you prefer these ? " - " What are they ? " asks the seller , " I do not know what you mean . " The buyer then reads one to him . In effect , the government promises to pay the bearer ...
Página 16
... issued by the national banks . These institutions are not required to keep any gold to redeem or pay their notes , but they must keep government notes for this purpose which in turn , as we shall learn , are redeemable in coin . In ...
... issued by the national banks . These institutions are not required to keep any gold to redeem or pay their notes , but they must keep government notes for this purpose which in turn , as we shall learn , are redeemable in coin . In ...
Página 24
... issued by the government and the national banks and their legal tender properties may next be explained . The greenback or legal tender note was first authorized in 1862 , and is a legal tender for all debts , public and private ...
... issued by the government and the national banks and their legal tender properties may next be explained . The greenback or legal tender note was first authorized in 1862 , and is a legal tender for all debts , public and private ...
Página 38
... issued , before his bank is formed ? All that now exists is a paper containing the promises of individuals that they will take and pay for the shares set opposite to their names . This promise , however , pos- sesses a transferable ...
... issued , before his bank is formed ? All that now exists is a paper containing the promises of individuals that they will take and pay for the shares set opposite to their names . This promise , however , pos- sesses a transferable ...
Otras ediciones - Ver todas
Términos y frases comunes
agent amount applied authority balance bank of discount bank's bill bill of exchange bill of lading BOLLES bonds bookkeeper borrower broker by-laws capital cashier cent certificate certificate of deposit charge circulation claim clearing house clerk coin collection court creditor debt debtor demand deposit depositor directors draft drawer drawn duty examination exchange fail fund give gold holder indorser issued keep kind ledger legal tender lend liable loans loss maker maturity ment mortgage national bank national bank act negotiable Negotiable Instruments notice notified obligation officers organized owner paid paper pass book payable payee paying teller payment person possess presented president profits promissory note purchase real estate reason redeem reserve cities Richard Buck rule savings bank sell sent shareholders signature sometimes Suppose surety thereon tion transactions transfer trust companies usually York bank
Pasajes populares
Página 107 - A bill of exchange is an unconditional order in writing, addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed to pay on demand or at a fixed or determinable future time a sum certain in money to or to the order of a specified person, or to bearer.
Página 156 - To exercise by its board of directors, or duly authorized officers or agents, subject to law, all such incidental powers as shall be necessary to carry on the business of banking; by discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debt...
Página 87 - 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.
Página 25 - ... in denominations of not less than twenty dollars each, corresponding with the denominations of United States notes. The coin deposited for or representing the certificates of deposit shall be retained in the Treasury for the payment of the same on demand. Said certificates shall be receivable for customs, taxes, and all public dues, and when so received may be reissued...
Página 76 - Is Intended to represent moneys actually left with the bank for safe-keeping, which are to be retained until the depositor actually demands them. Such a certificate is not dishonored until presented.
Página 51 - It Is not only a plain dictate of reason, but a general rule of law, that no power or function intrusted to a body consisting of a number of persons can be legal without notice to all the members composing such body.
Página 136 - In presenting checks for payment two rules must be observed: first, if the person who receives the check and the bank on which it is drawn are in the same place, the check must, in the absence of special circumstances, be presented the same day, or at latest, the day after it is received.
Página 163 - Thus when, in the usual course of the business of a corporation, an officer has been allowed to manage its affairs, his authority to represent the corporation may be implied from the manner in which he has been permitted by the directors to transact its business.
Página 64 - Being a bailment merely for safe-keeping for the benefit of the bailor, and without compensation, it is evident the dishonest act of the teller was in no way connected with his employment. Under these circumstances, the only ground of liability must arise in a knowledge of the bank that the teller was an unfit person to be appointed or to be retained in its employment. So long as the bank was ignorant of the dishonesty of the teller, and trusted him with its own funds, confiding in his character...
Página 25 - Treasury notes shall be a legal tender in payment of all debts, public and private, except where otherwise expressly stipulated in the contract, and shall be receivable for customs, taxes, and all public dues, and when so received may be reissued. And such notes, when held by any national banking association, may be counted as a part of its lawful reserve.