 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.  The Development of Federal Reserve Policy - Page 125by Harold Lyle Reed - 1922 - 352 pagesFull view - About this book
 | Kentucky - 1918 - 808 pages
...discount of bills of exchange drawn against actually existing value and the purchase or discounting 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 in fixing the limit of... | |
 | Massachusetts - 1894 - 760 pages
...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... | |
 | United States. Department of Justice - 1909 - 732 pages
...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... | |
 | United States - 1917 - 706 pages
...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... | |
 | 1882 - 664 pages
...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... | |
 | William Lyman Fawcett - 1876 - 300 pages
...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... | |
 | William Lyman Fawcett - 1877 - 288 pages
...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... | |
 | William Lyman Fawcett - 1877 - 302 pages
...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... | |
 | Irving Browne - 1880 - 638 pages
...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,... | |
 | Minnesota - 1883 - 882 pages
..."bills of exchange" is well known in the commercial world. The second is equally clear. It must be " commercial or business paper actually owned by the person negotiating the same." This would exclude accommodation paper, and by no possible fair construction could be twisted so as... | |
| |
