The Romance and Tragedy of Banking: Problems and Incidents of Governmental Supervision of National Banks ...

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Bankers Publishing Company, 1922 - Banks and banking - 549 pages

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Page 395 - I'll begin it, — Ding, dong, bell. All. Ding, dong, bell. Bass. So may the outward shows be least themselves : The world is still deceiv'd with ornament. In law, what plea so tainted and corrupt But, being season'd with a gracious voice, Obscures the show of evil ? In religion, What damned error, but some sober brow Will bless it and approve it with a text...
Page 121 - An Act to provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes.
Page 201 - The shareholders of every national banking association shall be held Individually responsible, equally and ratably, and not one for another, for all contracts, debts, and engagements of such association, to the extent of the amount of their stock therein, at the par value thereof, In addition to the amount Invested In such shares...
Page 485 - Currency not less than five reports during each year according to the form which may be prescribed by him, verified by the oath or...
Page 64 - Such receiver, under the direction of the Comptroller, shall take possession of the books, records, and assets of every description of such association, collect all debts, dues, and claims belonging to it, and, upon the order of a court of record of competent jurisdiction, may sell or compound all bad or doubtful debts, and, on a like order, may sell all the real and personal property of such association, on such terms as the court shall direct; and may, if necessary to pay the debts of such association,...
Page 11 - An act to provide a National currency, secured by a pledge of United States bonds, and to provide for the circulation and redemption thereof," approved June third, eighteen hundred and sixty-four.
Page 453 - Ihe amended articles of association. 133. (Sec. 3.) That upon the receipt of the application and certificate of the association provided for in the preceding section, the Comptroller of the Currency shall cause a special examination to be made, at the expense of the association, to determine its condition; and if after such examination or otherwise it appears to him that said association is in a satisfactory condition, he shall grant his certificate 410 A HISTORY OF BANKS AND BANKING.
Page 513 - Dividends (Sec. 5199). —The directors of any association may semiannually declare a dividend of so much of the net profits of the association as they shall judge expedient; but each association shall, before the declaration of a dividend, carry one-tenth part of its net profits of the preceding half year to its surplus fund until the same shall amount to twenty per centum of its capital stock.
Page 84 - Any national banking association not situated in a central reserve city may make loans secured by improved and unencumbered farm land...
Page 126 - Any member bank may accept drafts or bills of exchange drawn upon it having not more than six months' sight to run, exclusive of days of grace, which grow out of transactions involving the importation or exportation of goods; or which grow out of transactions involving the domestic shipment of goods provided shipping documents conveying or securing title are attached at the time of acceptance; or which are secured at the time of acceptance by a warehouse receipt or other such document conveying or...

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