A History of the Bank of New York, 1784-1884 |
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Page 2
... called in and funded at their nominal value . Yet , although the expedients which had been resorted to had proved to be unsuccessful , some of the states continued to make experiments in finance which did not depend upon specie as a ...
... called in and funded at their nominal value . Yet , although the expedients which had been resorted to had proved to be unsuccessful , some of the states continued to make experiments in finance which did not depend upon specie as a ...
Page 4
... called the Bank of Pennsylvania , was soon set on foot ; but by an arrangement which gave to the projectors of the enterprise an interest in the additional capital of the original bank , the rivalry was avoided . The par value of the ...
... called the Bank of Pennsylvania , was soon set on foot ; but by an arrangement which gave to the projectors of the enterprise an interest in the additional capital of the original bank , the rivalry was avoided . The par value of the ...
Page 8
... called to be held at the Coffee House at 10 A.M. on Monday , the 15th of March , 1784 , to elect a President , cashier , and twelve directors . At the meeting held pursuant to this notice , a ballot was taken which resulted in the ...
... called to be held at the Coffee House at 10 A.M. on Monday , the 15th of March , 1784 , to elect a President , cashier , and twelve directors . At the meeting held pursuant to this notice , a ballot was taken which resulted in the ...
Page 9
... called upon me to subscribe . I was a little embarrassed how to act , but upon the whole I concluded it best to fall in with them , and endeavour to induce them to put the business upon . such a footing as might enable you , with ...
... called upon me to subscribe . I was a little embarrassed how to act , but upon the whole I concluded it best to fall in with them , and endeavour to induce them to put the business upon . such a footing as might enable you , with ...
Page 11
... called by the name and title of the Bank of New York . " ARTICLE 2. — That the capital stock shall consist of five hundred thousand dollars in gold or silver , divided into one thousand shares of five hundred dollars each share ; and ...
... called by the name and title of the Bank of New York . " ARTICLE 2. — That the capital stock shall consist of five hundred thousand dollars in gold or silver , divided into one thousand shares of five hundred dollars each share ; and ...
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Common terms and phrases
Aaron Burr act of incorporation afterward ALEXANDER HAMILTON Alexander McDougal Amos Kendall amount Anthony appointed April ARTICLE authority aforesaid Bank of North Branch Bank building cash cashier Charles Wilkes charter circulation COMFORT SANDS committee Company Cornelius Heyer corporation DANIEL debt deposit discount dividends elected February five per cent FRANKLIN EDSON Fund further enacted Government Gulian Verplanck Halsey held Herman Le Roy hundred institution interest ISAAC ROOSEVELT issued JAMES January Jeremiah Wadsworth John Oothout JOSHUA WADDINGTON July June land bank Legislature letter Leverich loan March Matthew Clarkson meeting ment merchants Messrs Moidore Morris Canal Nicholas Gouverneur NICHOLAS Low November number of shares paid passed petition Philadelphia PORTRAIT post-notes present President purchase purpose received resignation resume specie RICHARD VARICK ROBERT BOWNE SAMUEL FRANKLIN second Tuesday Secretary Senate six per cent stockholders subscribers subscription tion Treasury notes Walton House WILLIAM MAXWELL William Seton York
Popular passages
Page 128 - Half-yearly dividends shall be made of so much of the profits of the bank as shall appear to the directors advisable; and once in every three years the directors shall lay before the stockholders, at a general meeting, for their information, an exact and particular statement of the debts which shall have remained unpaid after the expiration of the original credit, for a period of treble the term of that credit; and of the surplus of profit, if any, after deducting losses and dividends.
Page 130 - In case of excess, the directors under whose administration it shall happen, shall be liable for the same in their natural and private capacities ; and an action of debt may in such case be brought against them, or any...
Page 127 - State, such vacancy or vacancies shall be filled for the remainder of the year in which they may happen by...
Page 130 - ... requisite for its immediate accommodation in relation to the convenient transaction of its business, and such as shall have been bona fide mortgaged to it by way of security, or conveyed to it in satisfaction of debts previously contracted in the course of its dealings, or purchased upon judgments which shall have been obtained for such debts.
Page 129 - That the directors for the time being, or a major part of them, shall have power to make and prescribe such by-laws, rules, and regulations as to them shall appear needful and proper, touching the management and disposition of the stock, property, estate, and effects of the said corporation...
Page 131 - ... made, in a book or books to be kept for that purpose...
Page 130 - The said corporation shall not, directly or indirectly, deal or trade in any thing except bills of exchange, gold or silver bullion, or in the sale of goods really and truly pledged for money lent and not redeemed in due time, or goods which shall be the proceeds of its lands.
Page 125 - York, shall be in law capable of purchasing, holding and conveying any estate real or personal, for the use of the said corporation...
Page 14 - A majority of the directors shall have power to call a general meeting of the stockholders, for purposes relative to the concerns of the company ; giving at least thirty days...
Page 127 - 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...