A History of the Bank of New York, 1784-1884 |
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Page 5
... held by the company , and that in time of trouble the bank could afford no assistance to individuals or to the State . It was also maintained that the hope of deriving any interest from landed property by this means would be ...
... held by the company , and that in time of trouble the bank could afford no assistance to individuals or to the State . It was also maintained that the hope of deriving any interest from landed property by this means would be ...
Page 7
... held at the Coffee House on the 26th of February . General Alexander McDougal was made chairman , and a series of pro- posals for the establishment of a bank were read and unanimously agreed to . They provided that the capital stock of ...
... held at the Coffee House on the 26th of February . General Alexander McDougal was made chairman , and a series of pro- posals for the establishment of a bank were read and unanimously agreed to . They provided that the capital stock of ...
Page 8
... 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 choice of the ...
... 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 choice of the ...
Page 17
... held by the liberal party at the close of the war . On reaching Philadelphia , Mr. Seton found every thing at the Bank of North America in a state of great confusion . The opposition to the bank by the pro- jectors of a new institution ...
... held by the liberal party at the close of the war . On reaching Philadelphia , Mr. Seton found every thing at the Bank of North America in a state of great confusion . The opposition to the bank by the pro- jectors of a new institution ...
Page 28
... held on the 9th of May , 1785 , Jeremiah Wadsworth was elected President , and the following gentlemen , directors . NICHOLAS LOW , JAMES MCCORMICK , SAMUEL FRANKLIN , THOMAS RANDALL , ROBERT BOWNE , WILLIAM MAXWELL , THOMAS STOUGHTON ...
... held on the 9th of May , 1785 , Jeremiah Wadsworth was elected President , and the following gentlemen , directors . NICHOLAS LOW , JAMES MCCORMICK , SAMUEL FRANKLIN , THOMAS RANDALL , ROBERT BOWNE , WILLIAM MAXWELL , THOMAS STOUGHTON ...
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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...