A History of the Bank of New York, 1784-1884 |
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Page 9
... effect these purposes , set on foot a subscription for a money bank , and 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 ...
... effect these purposes , set on foot a subscription for a money bank , and 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 ...
Page 10
... granting an exclusive one to the land bank . The measures which have been taken appear to have had the effect upon the minds of the partisans of the land bank . " ✓ i Robertson ALEXANDER HAMILTON Akamilton HB . Hall CHAPTER IO A HISTORY ...
... granting an exclusive one to the land bank . The measures which have been taken appear to have had the effect upon the minds of the partisans of the land bank . " ✓ i Robertson ALEXANDER HAMILTON Akamilton HB . Hall CHAPTER IO A HISTORY ...
Page 19
... effect ; should the subscription money be at present paid in , the stockholders become to all interests and pur- poses bankers , and every man is liable - however small his share may be for all the engagements of the bank to the extent ...
... effect ; should the subscription money be at present paid in , the stockholders become to all interests and pur- poses bankers , and every man is liable - however small his share may be for all the engagements of the bank to the extent ...
Page 29
... greatly increased . Importations of for- eign goods had been large , and the effect was felt throughout the State in the drain of specie which nat- urally followed . The opponents of the bank took advantage THE BANK OF NEW YORK . 29.
... greatly increased . Importations of for- eign goods had been large , and the effect was felt throughout the State in the drain of specie which nat- urally followed . The opponents of the bank took advantage THE BANK OF NEW YORK . 29.
Page 31
... effect , and setting forth the evil . effects of such an issue . But outside of the city there was a belief that financial relief and permanent pros- perity would come with an abundance of paper money . The experience of the past had ...
... effect , and setting forth the evil . effects of such an issue . But outside of the city there was a belief that financial relief and permanent pros- perity would come with an abundance of paper money . The experience of the past had ...
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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 cashier Charles Wilkes charter circulation COMFORT SANDS committee Cornelius Heyer corporation DANIEL debt deposit discount dividends February five per cent FRANKLIN EDSON Fund further enacted Government Gulian Verplanck Halsey held Herman Le Roy hundred increased 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 PETER 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 vault Walton House WILLIAM MAXWELL William Seton York
Popular passages
Page 124 - 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 126 - 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 123 - State, such vacancy or vacancies shall be filled for the remainder of the year in which they may happen by...
Page 126 - ... 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 125 - 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 127 - ... made, in a book or books to be kept for that purpose...
Page 126 - 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 121 - 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 123 - 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...