Money, Banking, and FinanceAmerican book Company, 1903 - 336 páginas |
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Página 20
... paid . The American goods buyer no longer owes the English seller , nor does the English wheat buyer owe the Ameri- can seller . The debt on each side has been actually paid , and yet not a dollar in money has been paid by any one : no ...
... paid . The American goods buyer no longer owes the English seller , nor does the English wheat buyer owe the Ameri- can seller . The debt on each side has been actually paid , and yet not a dollar in money has been paid by any one : no ...
Página 21
... paid ? Is not money required to pay them ? In tracing out their course it will be seen what a small part money plays in our transactions at home . Returning to the New York wheat merchant who has drawn a bill on the Liverpool buyer and ...
... paid ? Is not money required to pay them ? In tracing out their course it will be seen what a small part money plays in our transactions at home . Returning to the New York wheat merchant who has drawn a bill on the Liverpool buyer and ...
Página 22
... paid by off- setting one against the other . Both of the checks repre- sent sales ; the one was given for a bill of exchange , the other , perhaps , for merchandise . The entire circle of transactions has been completed , and without ...
... paid by off- setting one against the other . Both of the checks repre- sent sales ; the one was given for a bill of exchange , the other , perhaps , for merchandise . The entire circle of transactions has been completed , and without ...
Página 37
... paid for his shares , the law prescribes what must be done in his case , and this must be strictly followed . - 4. Mode of proceeding when a Subscriber fails to pay . The national bank act provides that when a subscriber fails , or is ...
... paid for his shares , the law prescribes what must be done in his case , and this must be strictly followed . - 4. Mode of proceeding when a Subscriber fails to pay . The national bank act provides that when a subscriber fails , or is ...
Página 41
... paid in ten per cent monthly install- ments . Every national h . How the Capital must be invested . bank must invest from the outset a portion of its capital in United States bonds . Those having more than $ 150,000 must invest at least ...
... paid in ten per cent monthly install- ments . Every national h . How the Capital must be invested . bank must invest from the outset a portion of its capital in United States bonds . Those having more than $ 150,000 must invest at least ...
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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.