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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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The General Banking Laws of the State of New York: Including the Banking Law ...

New York (State) - 1892 - 308 páginas
...surplus; but the discount of bills of exchange drawn in good faith against actually existing values, or of commercial or business paper actually owned by the person negotiating the same shall not be considered as a part of any such loan or discount. 2. No such corporation nor any of its...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1892 - 330 páginas
...discount of billa of exchange drawn in gcod faith against actually existing valnes and the discount of commercial or business paper actually owned by the person negotiating the same shall not be considered as money borrowed: Provided, however, That the foregoing limitations Proviso,...
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Annual Report of the Secretary of the Treasury on the State of the Finances ...

United States. Department of the Treasury - 1892 - 1184 páginas
...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...
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Hand-book for Bank Officers

George Mathewes Coffin - 1893 - 186 páginas
...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...
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Congressional Serial Set

1893 - 1184 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 s:une shall not he considered as money borrowed. As the volume of business has increased the magnitude...
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The Revised Statutes, Codes and General Laws of the State of New York ...

New York (State) - 1896 - 1262 páginas
...or such discount of bills of exchange drawn in good faith against actually existing values, or such ch has been added or into which has been introduced an v shall not exceed one-half the actual paid-in capital stock and surplus of such corporation or. banker,...
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The Revised Statutes of the State of Utah in Force Jan. 1, 1898

Utah - 1897 - 1262 páginas
...discount of hills 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 construed as borrowed money. RSV 3. (1878) % 5200»; Mont. Civ. С. \ 583». 381. Minors...
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The Laws of Wisconsin

Wisconsin - 1897 - 1392 páginas
...discounting of bills of exchange, drawn in good faith against actually existing values, and the discounting of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed; provided, that by a two-thirds vote of the directors, the...
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The New York Supplement, Volumen49

1898 - 1232 páginas
...surplus; bxit the discount of bills of exchange drawn in good failli яря Inst actually existing vaines or of commercial or business paper actually owned by the person negotiating the same shall not be considered as a part of any such loan or discount." We do not pause to ascertain how great...
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Statutory Revision of the Laws of New York Affecting Banks, Banking and ...

Andrew Hamilton - 1898 - 460 páginas
...thereon, nor to the discount of bill? of exchange drawn in good faith against actually existing values, or of commercial or business paper actually owned by the person negotiating the same, provided, however, that such loans or discounts on such collateral, or sucn discount of bills of exchange...
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