Nomination of John Skelton Williams: Hearing Before the Committee on Banking and Currency, United States Senate, First Session on the Nomination of John Skelton Williams to be Comptroller of the Currency

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Page 249 - ... shall specify in general terms the object for which the association is formed, and may contain any other provisions, not inconsistent with the provisions of this act, which the association may see fit to adopt for the regulation of the business of the association and the conduct of its affairs...
Page 258 - The interference of the courts with the performance of the ordinary duties of the executive departments of the Government, would be productive of nothing but mischief; and we are quite satisfied that such a power was never intended to be given to them.
Page 250 - ... all such incidental powers as shall be necessary to carry on the business of banking; by discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debt; by receiving deposits; by buying and selling exchange, coin and bullion; by loaning money on personal security; and by obtaining, issuing and circulating notes according to the provisions of this Title.
Page 250 - Federal reserve bank shall transact any business except such as is incidental and necessarily preliminary to its organization until it has been authorized by the Comptroller of the Currency to commence business under the provisions of this Act.
Page 250 - Each director, when appointed or elected, shall take an oath that he will, so far as the duty devolves on him, diligently and honestly administer the affairs of such association...
Page 329 - I do not know how the other members of the committee feel about it.
Page 250 - ... its property transferred, its general business conducted, and the privileges granted to it by law exercised and enjoyed. Seventh. To exercise by its board of directors, or duly authorized officers or agents, subject to law, all such...
Page 252 - ... according to the form which may be prescribed by him, verified by the oath or affirmation of the president or cashier of such association, and attested by the signature of at least three of the directors.
Page 250 - The persons uniting to form such an association shall, under their hands, make an organization certificate, which shall specifically state: "First. The name assumed by such association; which name shall be subject to the approval of the Comptroller of the Currency. "Second. The place where its operations of discount and deposit are to be carried on, designating the State, Territory, or District, and the particular county and city, town, or village.
Page 360 - In view of the facts which had been laid before me, and with an earnest desire to maintain the "Monroe doctrine...

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