Hearings and Arguments Before the Committee ...U.S. Government Printing Office, 1901 |
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Common terms and phrases
additional amount answer assets association authorized bank-note banking system believe better bill bonds branches BRECKENRIDGE BROSIUS CALDERHEAD capital cent certificates circulation cities coin committee Comptroller CONANT CONGRESS THE LIBRARY course currency demand deposit desirable difference direct dollars equal established excess exchange existing law fact failed banks five FOWLER gold Government greenbacks guaranteed bank notes guaranty fund held Hill hold increase interest issue kind less LIBRARY OF CONGRESS lien limit loan loss LOVERING mean measure mind national banks national-bank necessary needs notes issued operation outstanding paid possible practically present probably profit provides question reason redeemed redemption regard reserve safety fund Secretary GAGE silver sufficient suppose thing tion Treasury true United WHITE York
Popular passages
Page 114 - An Act to define and fix the standard of value, to maintain the parity of all forms of money issued or coined by the United States, to refund the public debt, and for other purposes...
Page 29 - July, a tax of one-fourth of one per centum each half year upon the average amount of such of its notes in circulation...
Page 47 - Lincoln's well-known dictum that "you can fool some of the people all the time, and all the people some of the time, but you cannot fool all the people all the time.
Page 29 - Every association which fails so to make such return shall be liable to a penalty of two hundred dollars, to be collected either out of the interest as it may become due such association on the bonds deposited with the Treasurer, or, at his option, in the manner in which penalties are to be collected of other corporations under the laws of the United States.
Page 28 - ... preceding sections, he shall cause the notes to be mutilated and charged to the redemption account of the association; and all notes so redeemed by the Treasurer shall, every three months, be certified to and destroyed in the manner prescribed in section fifty-one hundred and eighty-four. (SEC. 5226.) Whenever any national banking association fails to redeem in the lawful money of the United States...
Page 113 - ... that any association has refused to pay its circulating notes, he may, instead of canceling its bonds, cause so much of them as may be necessary to redeem its outstanding notes to be sold at public auction in the city of New York, after giving thirty days' notice of such sale to the association.
Page 113 - States, shall (except to the extent permitted by rules and regulations prescribed by the Comptroller of the Currency, with the approval of the Secretary of the Treasury) be subject under this section to a limitation of 15 per centum of such capital and surplus in addition to such 10 per centum of such capital and surplus.
Page 3 - Dominick, was received, read twice by its title, referred to the Committee on Banking and Currency, and ordered to be printed in the Record, as follows : "S.
Page 115 - An Act to enable national banking associations to extend their corporate existence, and for other purposes...
Page 114 - ... Fund as the Comptroller shall judge to be requisite to meet such bank's liability for the reimbursement of the guaranty fund for any deficiency resulting from the payment therefrom of the notes of banks which shall have failed prior to the date when such bank shall go into liquidation. SEC. 23. That the Secretary of the Treasury be and is hereby authorized, in his discretion, to cause to be invested in bonds of the United States any portion of the guaranty fund hereinbefore provided for; and...
Bibliographic information
| Title | Hearings and Arguments Before the Committee ... Hearings and Arguments Before the Committee, United States. Congress. House. Committee on Banking and Currency |
| Author | United States. Congress. House. Committee on Banking and Currency |
| Publisher | U.S. Government Printing Office, 1901 |
| Original from | the Library of Congress |
| Digitized | 15 Mar 2007 |
| Export Citation | BiBTeX EndNote RefMan |