Legislative and Documentary History of the Bank of the United States: Including the Original Bank of North America |
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Page 34
... cent . , as proposed . It may , with safety , be taken for granted , that the former rate would yield an ample dividend , perhaps as much as the latter , by the extension which it would give to business . The natural effect of low ...
... cent . , as proposed . It may , with safety , be taken for granted , that the former rate would yield an ample dividend , perhaps as much as the latter , by the extension which it would give to business . The natural effect of low ...
Page 84
... cent . securi- ties will derive undue advantages . Creditors at a distance , and the holders of three per cent . securities , ought to be considered ; as the public good is most essentially promoted by an equal attention to the interest ...
... cent . securi- ties will derive undue advantages . Creditors at a distance , and the holders of three per cent . securities , ought to be considered ; as the public good is most essentially promoted by an equal attention to the interest ...
Page 116
... cent .; and the other two thousand two hundred and twenty shares , in the year 1802 , at an advance of 45 per cent .; making , together , exclusively of the dividends , a profit of 671,860 dollars to the United States . The greater part ...
... cent .; and the other two thousand two hundred and twenty shares , in the year 1802 , at an advance of 45 per cent .; making , together , exclusively of the dividends , a profit of 671,860 dollars to the United States . The greater part ...
Page 117
... cent . a year , and proves that the bank has not , in any considerable degree , used the public deposites for the purpose of extending its discounts . From what has been premised , it appears that the property of a bank in full ...
... cent . a year , and proves that the bank has not , in any considerable degree , used the public deposites for the purpose of extending its discounts . From what has been premised , it appears that the property of a bank in full ...
Page 118
... cent . stock held by the institution as part of the original subscription , the loans obtained by Government from ... cent . a year , must be annually remitted in the same manner . The renewal of the charter will , in that respect ...
... cent . stock held by the institution as part of the original subscription , the loans obtained by Government from ... cent . a year , must be annually remitted in the same manner . The renewal of the charter will , in that respect ...
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Common terms and phrases
aforesaid amendment amount argument articles of confederation authority Bank of England bank paper bill branch bank capital stock cent charter circulating medium citizens clause coin collect taxes commerce committee Congress consideration considered constitution constitutionality corporation create delegated deposite directors discounts duties effect enumerated enumerated powers erect establish execution exercise existence expediency expressly favor foreign funds further enacted gentleman Georgia give gold and silver Government grant honorable House incorporate individuals influence institution interest Kentucky lay and collect legislation Legislature loans Maryland means measure ment merchants millions of dollars motion national bank necessary and proper object operations opinion party passed payment Pennsylvania persons Philadelphia political present President principles proposed public debt purpose question received regulate renewal republican respect revenue Secretary Senate shares South Carolina specie stitution stockholders subscribers subscriptions thereof tion treasury notes United vernment vested Virginia vote
Popular passages
Page 589 - That, in case it should at any time happen that an election of directors should not be made upon any day when pursuant to this act it ought to have been made, the said corporation shall not, for that cause be deemed to be dissolved ; but it shall be lawful on any other day to hold and make an election of directors in such manner as shall have been regulated by the laws and ordinances of the said corporation...
Page 184 - States, namely, that every power vested in a government is in its nature sovereign, and includes, by force of the term, a right to employ all the means requisite and fairly applicable to the attainment of the ends of such power, and which are not precluded by restrictions and exceptions specified in the constitution, or not immoral, or not contrary to the essential ends of political society.
Page 523 - States," and shall so continue until the third day of March, in the year one thousand eight hundred and thirty-six, and by that name shall be, and are hereby, made able and capable, in law, to have, purchase, receive, possess, enjoy, and retain, to them and their successors, lands, rents, tenements, hereditaments, goods, chattels and effects, of...
Page 521 - America," and shall so continue until the third day of March, in the year one thousand eight hundred and thirty-five ; and by that name shall be, and are hereby made, able and capable in law, to have, purchase, receive, possess, enjoy, and retain, to them and their successors, lands, rents, tenements, hereditaments, goods, chattels, and effects, of...
Page 425 - ... it being unjust and impolitic that debts and engagements contracted and made by individuals, having confidence in each other and in their respective governments, should ever be destroyed or impaired by national authority on account of national differences and discontents.
Page 99 - The means by which national exigencies are to be provided for, national inconveniences obviated, national prosperity promoted, are of such infinite variety, extent and complexity that there must, of necessity be great latitude of discretion in the selection and application of those means.
Page 524 - ... for one share and not more than two shares one vote; for every two shares, above two and not exceeding ten, one vote; for every four shares above ten and not exceeding thirty, one vote; for every six shares above thirty and not exceeding sixty, one vote; for every eight shares above sixty and not exceeding one hundred, one vote; and for every ten shares above one hundred, one vote; but no person, copartnership, or body politic, shall be entitled to a greater number than thirty votes.
Page 591 - The bills obligatory, and of credit, under the seal of the said corporation,. which shall be made to any person or persons, shall be assignable by endorsement thereupon under the hand or hands of such person or persons, and...
Page 594 - Legislature to establish an incorporated bank as being precluded in my judgment by repeated recognitions under varied circumstances of the validity of such an institution in acts of the legislative, executive, and judicial branches of the Government, accompanied by indications, in different modes, of a concurrence of the general will of the nation...
Page 593 - The original act of incorporation, section 21, enacts " that no other Bank shall be established by any future law of the United States during the continuance of the corporation hereby created, for which the faith of the United States is hereby pledged, Provided, Congress may renew existing charters for Banks...