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" But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed. "
Annual Report of the Commissioner of the Banking Department of the State of ... - Page xxxi
by Michigan. State Banking Department - 1914
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Report of the Attorney General

Massachusetts. Attorney General's Office - 1919 - 180 pages
...up; but the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating it, shall not be considered as money borrowed. .The total liabilities to any one such corporation of...
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Public Documents of Massachusetts, Volume 6, Part 1

Massachusetts - 1894 - 760 pages
...up. But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed. SECT. 18. Such corporation may hold real estate suitable...
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Official Opinions of the Attorneys General of the United States: Advising ...

United States. Department of Justice - 1909 - 732 pages
...association. But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed." Section 5202, Revised Statutes, enacts : " No association...
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Statutes of the United States of America

United States - 1917 - 706 pages
...bank or trust company, but the discount of bills of exchange drawn against actually existing value and the discount of commercial or business paper actually owned by the person negotiating the same shall not be considered as borrowed money within the meaning of this section. r.,» req ,р^е pecierai...
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Gold and Debt: An American Hand-book of Finance, with Over Eighty Tables and ...

William Lyman Fawcett - 1876 - 300 pages
...in. But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed. (SEC. 5201.) No association shall make any loan or discount...
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The N.Y. Weekly Digest of Cases Decided in the U.S. Supreme ..., Volume 14

1882 - 664 pages
...paid in. But the discount of bills of exchange drawn in good faith against actual existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed." US Rev. Stat., £ 5200. These drafts had no valid or legal...
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Gold and Debt: An American Hand-book of Finance, with Over Eighty Tables and ...

William Lyman Fawcett - 1877 - 288 pages
...in. But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed. (SEC. 5201.) No association shall make any loan or discount...
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Gold and Debt: An American Hand-book of Finance, with Over Eighty Tables and ...

William Lyman Fawcett - 1877 - 302 pages
...in. But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed. (SEC. 5201.) No association shall make any loan or discount...
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The Federal Reporter: Cases Argued and Determined in the ..., Volumes 241-242

1917 - 2042 pages
...in. But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed." "Sec. 5239. If the directors of any national banking association...
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National Bank Cases: Containing All Decisions of Both the Federal ..., Volume 2

Irving Browne - 1880 - 638 pages
...in. But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed. Thomp. NB Cas. 150, 169, 175, 396, 488, 888, 869 ; ante,...
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