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Practical Problems in Banking and Currency: Being a Number of Selected ...
Walter Henry Hull
No preview available - 2017
advertising agent amount assets authority average balances bankers become believe bill bonds borrowing branch branch banking called capital cash cause cent certificates circulation commercial consider corporation currency customers demand depositors deposits dollars effect equal established examination exchange existing experience fact failed failures funds give gold hand important increase individual institutions interest investment issue keep less liability limited loans loss matter means methods millions national banks natural necessary notes officers operations paid panic payment period possible practically present profit question reason received redemption regard reserve result rule savings statement supply thing tion transfer Treasury trust companies United York
Page 228 - ... shall be received at par in all parts of the United States in payment of taxes, excises, public lands, and all other dues to the United States, except for duties on imports ; and also for all salaries and other debts and demands owing by the United States to individuals, corporations, and associations within the United States, except interest on the public debt, and in redemption of the national currency.
Page 228 - July 14, 1890, are legal tender for all debts, public and private, except where otherwise expressly stipulated in the contract. United States notes are legal tender for all debts, public and private, except duties on imports and interest on the public debt.
Page 522 - ... 1. To act as the fiscal or transfer agent of any state, municipality, body politic or corporation ; and in such capacity to receive and disburse money, to transfer, register and countersign certificates of stock, bonds or other evidences of indebtedness, and to act as agent of any corporation, foreign or domestic, for any lawful purpose.
Page 98 - States, shall (except to the extent permitted by rules and regulations prescribed by the Comptroller of the Currency, with the approval of the Secretary of the Treasury) be subject under this section to a limitation of 15 per centum of such capital and surplus in addition to such 10 per centum of such capital and surplus.
Page 500 - ... auctioneer, to transact the business, in such a case, the principal agent will not ordinarily be responsible for the negligence or misconduct of the sub-agent, if he has used reasonable diligence in his choice as to the skill and ability of the sub-agent. But, indisputable as is this principle, it has no relevancy to an agency like the present. The cashier of a bank, while carrying into execution...
Page 98 - ... who shall have power to make a thorough examination into all the affairs of the association, and, in doing so, to examine any of the officers and agents thereof on oath ; and shall make a full and detailed report of the condition of the association to the Comptroller.
Page 333 - ... could they vote on questions where they were interested. On all applications for loans above $500, a majority vote of five-sevenths of the board was necessary, and this must be entered on the minutes with the names of the directors so voting. Directors were individually liable for losses resulting from infraction of the law, unless they had voted against the same and caused their votes to be -entered on the minutes, and had notified the Governor of the State of such infraction forthwith, ami...
Page 285 - A person violating any provisions of this section shall forfeit to the people of the state the sum of five dollars for each such violation.
Page 513 - ... for the frauds, deceits, concealments, misrepresentations, torts, negligences, and other malfeasances, or misfeasances, and omissions of duty, of his agent in the course of his employment, although the principal did not authorize, or justify, or participate in, or indeed know of such misconduct, or even if he forbade the acts or disapproved of them.
Page 188 - that it has become absolutely necessary that a consistent, straightforward, and deliberately-planned monetary system shall be inaugurated, the fundamental basis of which should be : first, that the present gold standard should be maintained ; second, that steps should be taken to insure the ultimate retirement of all classes of United States notes by a gradual...