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Absent Absent—Excused Action recurred adjourn Amend the bill amount appointed Astin authority Bailey of DeWitt Bailey of Harris bale Bank of Texas banking corporations become members Board bonds Called Session cent COLQUITT Commissioner of Insurance Conner Constitution cotton marketing cotton seed oil currency Darwin deposits dollars duties entitled An Act Federal Reserve Act Federal reserve bank following vote Gibson Governor Greer Hall Harley Henderson Insurance and Banking issued Johnson lien McGregor ment Morrow motion of Senator moved to table national banks Notaries o'clock p. m. offered the following operating pending business person point of order prescribing Present—Not Voting President public cotton gin purpose read and adopted resolution was read Section seed oil mill Senate bill Senator Bailey Senator Collins Senator Hudspeth Senator Lattimore Senator McNealus Senator Watson SIMPLE RESOLUTION Taylor thereof tion Townsend Travis county W. C. Morrow ware warehouse receipts warehouseman Warren Wiley
Page 76 - It may be said in a general way that the police power extends to all the great public needs. ... It may be put forth in aid of what is sanctioned by usage, or held by the prevailing morality or strong and preponderant opinion to be greatly and immediately necessary to the public welfare.
Page 19 - July, a tax of one-fourth of one per centum each half year upon the average amount of such of its notes in circulation...
Page 49 - If a corporation may be employed indiscriminately with other means to carry into execution the powers of the government, no particular reason can be assigned for excluding the use of a bank, if required for its fiscal operations. To use one, must be within the discretion of Congress, if it be an appropriate mode of executing the powers of government.
Page 137 - No national banking association shall at any time be indebted, or in any way liable, to an amount exceeding the amount of its capital stock at such time actually paid in and remaining undiminished by losses or otherwise, except on account of demands of the nature following: First.
Page 48 - Is that construction of the constitution to be preferred which would render these operations difficult, hazardous, and expensive? Can we adopt that construction (unless the words imperiously require it) which would impute to the framers of that instrument, when granting these powers for the public good, the intention of impeding their exercise by withholding a choice of means?
Page 49 - After the most deliberate consideration, it is the unanimous and decided opinion of this court that the act to incorporate the Bank of the United States is a law made in pursuance of the constitution, and is a part of the supreme law of the land.
Page 42 - ... to sue and be sued, plead and be impleaded, answer and be answered, defend and be defended, in all State courts having competent jurisdiction, and in any circuit court of the United States...
Page 48 - The power being given, it is the interest of the nation to facilitate its execution. It can never be their interest, and cannot be presumed to have been their intention, to clog and embarrass its execution by withholding the most appropriate means.
Page 230 - Upon the indorsement of any of its member banks, which shall be deemed a waiver of demand, notice and protest by such bank as to its own indorsement exclusively, any Federal reserve bank may discount notes, drafts, and bills of exchange arising out of actual commercial transactions...