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" The object of this provision of the statute was to guard National banks from the hazard of speculative loans, but it contemplated and permitted to an unlimited amount the discount of paper used and required in facilitating the transfer of property and... "
Annual Report of the Commissioner of the Banking Department of the State of ... - Page xix
by Michigan. Banking Division - 1905
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National Bank Cases: Containing All Decisions of Both the Federal ..., Volume 3

Irving Browne - 1889 - 824 pages
...from the hazard of loaning money in improvident amounts upon speculative and accommodation paper, but it contemplated and permitted to an unlimited amount...used and required in facilitating the transfer of prop erty and money in the transaction of the legitimate business of the country. Second National Bank...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. State Banking Department - 1906 - 474 pages
...this provision of the statute was to guard National banks from the hazard of speculative loans, but it contemplated and permitted to an unlimited amount...discount of paper used and required in facilitating ness of the country." Citing Oswego Second National Bank v. Burt, 93 NY 244. It was evidently the intent...
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Annual Report of the Attorney General of the State of Michigan

Michigan. Department of Attorney General - 1903 - 172 pages
...this provision of the statute was to guard national banks from the hazard of speculative loans, but it contemplated and permitted to an unlimited amount...property and money in the transaction of the legitimate business of the country." Citing Oswego Second National Bank v. Burt, 93 NY 244. It was evidently the...
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The Federal Statutes Annotated: Containing All the Laws of the ..., Volume 5

United States - 1905 - 1032 pages
...this provision of the statute was to guard national banks from the hazard of speculative loans, but it contemplated and permitted to an unlimited amount...property and money in the transaction of the legitimate business of the country. Oswego Second Nat. Bank v. Hurt, (1883) 93 NY 244. Drafts against existing...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1906 - 500 pages
...2nd ed. p. 382. we find the following with respect to the limitation found in the National Banking Law : "The ohject of this provision of the statute...facilitating the transfer of property and money in thetransaction of tlie legitimate husiness of the country." Citing OswegoSecond National Bank v. Burt,...
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A Treatise on the Law of National and State Banks: Including the Clearing ...

Harvey White Magee - 1906 - 864 pages
...from the hazard of loaning money in improvident amounts upon speculative and accommodation paper, but it contemplated and permitted to an unlimited amount...property and money in the transaction of the legitimate business of the country." The provisions of this section limit the amount that may be borrowed from...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1906 - 474 pages
...National banks from the hazard of speculative loans, but it contemplated and permitted to an uniimited amount the discount of paper used and required in...property and money in the transaction of the legitimate business of the country." Citing Oswego Second National Bank v. Burt, 93 NY 244. It was evidently the...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1907 - 536 pages
...National banks from the hazard of speculative loans, but it contemplated and permitted to an uulimited amount the discount of paper used and required in...property and money in the transaction of the legitimate business of the countrv." Citing Oswego Second National Bank v. Burt, 03 NY 244. It was evidently the...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1908 - 586 pages
...this provision of the statute was to guard National banks from the bazard of speculative loans, but it contemplated and permitted to an unlimited amount...property and money in the transaction of the legitimate business of the country,'' Citing Oswego Second National Bank v, Burt, ÍK¡ N, Y, 244, It was evidently...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1909 - 612 pages
...2nd ed. p. 3S2, we find the following with respect to the limitation found in the National Banking Law: "The ohject of this provision of the statute...country," Citing Oswego Second National Bank v. Burt. 03 NY 244. It was evidently the intent of the legisiature, in enacting the provision ahove referred...
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