The Romance and Tragedy of Banking: Problems and Incidents of Governmental Supervision of National Banks ... |
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Page 19
... After being entered on the books in the office of the Comptroller of the Currency they were sent to the Bureau of Engraving and Printing , where the seal of the Treasury Department was placed on each note ROMANCE AND TRAGEDY OF BANKING 19.
... After being entered on the books in the office of the Comptroller of the Currency they were sent to the Bureau of Engraving and Printing , where the seal of the Treasury Department was placed on each note ROMANCE AND TRAGEDY OF BANKING 19.
Page 37
... placed in the hands of a receiver May 1 , 1866 , and the latter May 8 , 1866. The capital stock of these banks was $ 300,000 and $ 200,000 respectively . On the date of failure of the Merchants National Bank , a resolution was adopted ...
... placed in the hands of a receiver May 1 , 1866 , and the latter May 8 , 1866. The capital stock of these banks was $ 300,000 and $ 200,000 respectively . On the date of failure of the Merchants National Bank , a resolution was adopted ...
Page 40
... placed to the credit of Bayne & Company through different concerns in New York , except such as were paid in cash for Bayne & Company's benefit . It also appears from the testimony that $ 50,000 was secured from Paymaster Robinson by ...
... placed to the credit of Bayne & Company through different concerns in New York , except such as were paid in cash for Bayne & Company's benefit . It also appears from the testimony that $ 50,000 was secured from Paymaster Robinson by ...
Page 48
... placed should not be allowed to exceed the amount actually necessary for the current demands of their business . He contended that- The payment of high rates of interest on bank balances attracts all the spare capital from the country ...
... placed should not be allowed to exceed the amount actually necessary for the current demands of their business . He contended that- The payment of high rates of interest on bank balances attracts all the spare capital from the country ...
Page 52
... placed in New York City banks to be loaned for account of the former . Some authorities and writers on banking and currency strongly advocated the concentration of funds at the principal financial center of the country , and predicted ...
... placed in New York City banks to be loaned for account of the former . Some authorities and writers on banking and currency strongly advocated the concentration of funds at the principal financial center of the country , and predicted ...
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Common terms and phrases
Acting Comptroller administration affairs amendment amount appointed assets association authority bank failures bank's bankers bill board of directors bonds called capital stock cash cashier cent certificates charge charter City Bank Clearing House closed committee Comp Comptroller's office Congress corporation country bank court creditors Currency Bureau Dawes depositors deposits Deputy Comptroller dividends duties Eckels Federal Reserve Act Federal Reserve Banks Federal Reserve Board Fort Dearborn funds Government Grant & Ward held Hulburd insolvent institution interest issued John Jay Knox Knox liabilities limit liquidation loans ment Murray National Bank Act national bank examiners national banking laws notes organized panic payment placed president real estate receiver receivership recommended redemption rency reports of condition reserve cities Secretary Senate statute stockholders supervision thousand dollars tion transactions Treasury Department Trenholm troller Trust Company United States Attorney violations of law Washington Williams York City
Popular passages
Page 397 - 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 203 - 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 487 - 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 455 - 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 515 - 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...