Rural Credit and Multiple Insurance: Hearings Before the Subcommittee of the Committee on Banking and Currency of the House of Representatives on H.R. 7879. August 11, 15, 16, and 18, 1921. Statements of Mr. R.C. Milliken, Monetary Statist, the National Society of Record Associations, Washington, D.C. [and] Dr. W.J. Spillman, Associate Editor, the Farm Journal, Washington, D.C.

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U.S. Government Printing Office, 1921 - 66 pages
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Page 20 - ... every person who with like intent aids or abets any officer, clerk, or agent in any violation of this section, shall be deemed guilty of a misdemeanor, and shall be imprisoned not less than five years nor more than ten.
Page 16 - ... (such reserves to be calculated on the American experience table of mortality with interest at 3 per centum per annum on the net premium basis), is defined to be a positive elector, and shall be entitled to hold the office of trustee and to cast one ballot for a candidate for trustee of a district in which at least twenty qualified positive electors reside and have resided at least one year, unless he shalL have been disqualified, as provided in paragraph 1 of this section. PARAGRAPH 1. DISQUALIFICATION...
Page 52 - Kentucky was under the supervision, of the Office of Farm Management in the United States Department of Agriculture. On July 1, 1913, it was transferred to the Office of Farmers...
Page 16 - In the case of an individual citizen of the United States who has been a bona fide resident of Puerto Rico for a period of at least 2 years before the date on which he changes his residence from Puerto Rico...
Page 23 - The trading capital of a bank may be divided into two parts : the invested capital, and the banking capital. The invested capital is the money paid down by the partners for the purpose of carrying on the business. This may be called the real capital. The banking capital is that portion of capital which is created by the bank itself in the course of its business, and may be called the borrowed capital. There are three ways of raising a banking or borrowed capital. First, by receiving deposits...
Page 15 - All the corporate powers of the said company shall be exercised by a board of trustees and such officers and agents as they may appoint.
Page 9 - A majority of the members of the Executive Committee shall constitute a quorum of the Committee.
Page 23 - Again, if a person will take my "promise to pay," and bring it back to me at the end of the year, and pay me four per cent, for it, just the same as though I had lent him 100 sovereigns, then I shall gain £4 by...
Page 20 - Treasurer upon the presentation to him of vouchers duly signed by the chairman of said commissioners and approved by the Auditor of the Treasury. The commissioners shall elect one of their number as chairman, who shall preside at their meetings, call the commissioners together, direct the activities of themselves and such experts, agents, and clerks as...
Page 28 - 'Now we have reduced our obligations in this matter to something less than $200,000,000, and we have very much more than that in commercial paper.' " 'Yes, but how are you going to pay debts with commercial paper!' " 'Take it to the Bank of France and get currency for it.' " 'Could you do that?' " 'Certainly.' " 'Is there any law which would compel the Bank of France to discount your commercial paper without limit?' " 'Law — yes ; the law of its being ; that is what the bank was created for.

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