United States Congressional Serial Set

U.S. Government Printing Office, 1910 - 388 sider
Reports, Documents, and Journals of the U.S. Senate and House of Representatives.

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Side 51 - The total amount of the debts, which the said corporation shall at any time owe, whether by bond, bill, note, or other contract...
Side 142 - No person, association of persons, or body corporate, except such bodies corporate as are expressly authorized by law, shall keep any office...
Side 142 - No foreign corporation, other than a national bank, shall keep any office for the purpose of receiving deposits or discounting notes or bills, or issuing any evidence of debt to be loaned or put in circulation as money within this state.
Side 5 - ... but because men without active capital wanted the means of obtaining loans, which their standing in the community would not command from banks or individuals having real capital and established credit.
Side 77 - ... preferred to specie both in town and country ; but from the moment the notes issued by the banks of places at even small distances, made their appearance, the question arose, whether they should be received at the Boston banks ; the practice was fluctuating, sometimes at par, sometimes at a small discount. The country banks considered it a great hardship, that the Boston banks should send home their bills and demand specie for them, instead of putting them in circulation again. Public opinion...
Side 246 - The banishment of metallic money, the loss of commercial confidence, the exhibition of fictitious capital, the increase of civil prosecutions, multiplication of crimes, the injurious enhancement of prices, and the dangerous extension of credit, are among the mischiefs which flow from this state of things.
Side 109 - Wheeling exchanged $5 note, Kentucky money, for notes of the Northwestern Bank of Virginia; reached Fredericktown ; there neither Virginia nor Kentucky money current ; paid a $5 Wheeling note for breakfast and dinner; received in change two $1 notes of some Pennsylvania bank, $1...
Side 142 - No person, association of persons or corporation, except such as are expressly authorized by law, shall keep any office for the purpose of issuing any evidences of debt, to be loaned or put in circulation as money; nor shall they issue any bills or promissory notes or other evidences of debt as private bankers, for the purpose of loaning them or putting them in circulation as money, unless thereto specially authorized by law.
Side 212 - Besides the apparent ease of legislating upon note-issues and the obvious difficulty of legislation upon deposits, the notes were, in the earlier decades of our history, the more important of the two. The comparative sparseness of population and the imperfect development of the banking habit, in a new and more slowly advancing country and in a less advanced age than the present, created an early preference for the currency which passes from hand to hand, and discouraged the use of that which implies...

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