Hearings and Arguments Before the Committee ...U.S. Government Printing Office, 1901 |
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Common terms and phrases
amount assets bank notes issued Bank of England bank-note currency bank-note guaranty fund bankers bonds deposited bonds on deposit branch banks BRECKENRIDGE BROSIUS CALDERHEAD Canada capital CAPRON cent centum clearing houses commercial paper committee Comptroller CONANT CONGRESS THE LIBRARY credit currency credit notes creditors currency notes issued demand depositor difference discount dollars DRIGGS exchange existing law fact failed banks FOWLER free banking system gold coin gold standard Government bonds greenbacks guar guaranteed bank notes guaranteed notes HILL increase issue notes issuing bank lawful money legal tender legislation liability LIBRARY OF CONGRESS lien limit loan Lovering bill national banking association national-bank notes note holders notes of failed paid present profit question rate of interest redeemed rency reserve cities safety fund Secretary GAGE silver certificates suppose tion Treasury United States bonds WHITE York banks
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...