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" 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. "
Annual Report of the Commissioner of the Banking Department of the State of ... - Page 17
by Michigan. Banking Division - 1892
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Practical Information Concerning the Public Debt of the United States: With ...

William Adams Richardson - 1873 - 208 pages
...Provided, That the discount of bona fide bills of exchange drawn against actually existing values, and the discount of commercial or business paper actually owned by the person or persons, corporation, or firm negotiating the same, shall not be considered as money borrowed. SEC....
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Acts and Joint Resolutions

Iowa - 1874 - 148 pages
...Provided, That the dis- p rovlso count of bona fide bills of exchange drawn against actually existing value and the discount of commercial or business paper actually owned by the person or persons, corporation, or firm negotiating the same shall not be considered money borrowed. SEC....
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REPORTS OF THE COMMITTEES OF THE HOUSE OF REPRESENTATIVES FOR THE FIRST ...

GOVERNMENT PRINTING OFFICE - 1874 - 1076 pages
...J'rovidfd, Tbat the. discount of Ъопч-fäe bills of exchange drawn against actually existing values, and the discount of commercial or business paper actually owned by the person or persons, corporation, or lirm negotiating the same, shall not be considered as money borrowed. That...
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Statutes of the United States of America

United States - 1917 - 706 pages
...bank or trust company, but the discount of bills of exchange drawn against actually existing value and the discount of commercial or business paper actually...person negotiating the same shall not be considered as borrowed money within the meaning of this section. r.,» req ,р^е pecierai reserve bank, as a condition...
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Gold and Debt: An American Hand-book of Finance, with Over Eighty Tables and ...

William Lyman Fawcett - 1876 - 300 pages
...paid in. But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually...the same, shall not be considered as money borrowed. (SEC. 5201.) No association shall make any loan or discount on the security of the shares of its own...
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The N.Y. Weekly Digest of Cases Decided in the U.S. Supreme ..., Volume 14

1882 - 664 pages
...paid in. But the discount of bills of exchange drawn in good faith against actual existing values, and the discount of commercial or business paper actually...same, shall not be considered as money borrowed." US Rev. Stat., £ 5200. These drafts had no valid or legal inception until they were discounted and...
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Acts Passed by the General Assembly of Georgia

Georgia - 1876 - 456 pages
...paid in ; but the discount of bills of exchange drawn in good faith, and the discount of commercial paper actually owned by the person negotiating the same shall not be considered as borrowed money. Semiannual SEC. VI. Be it furtlier enacted, That the Directors of said div1dends bank...
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The Century of Independence: Embracing a Collection, from Official Sources ...

John Russell Hussey - 1876 - 562 pages
...Provided, That the discount of bona fide bills of exchange drawn against actually existing values, and the discount of commercial or business paper actually owned by the person or persons, corporation, or firm negotiating the same shall not be considered as money borrowed. SEC....
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Gold and Debt: An American Hand-book of Finance, with Over Eighty Tables and ...

William Lyman Fawcett - 1877 - 288 pages
...paid in. But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually...the same, shall not be considered as money borrowed. (SEC. 5201.) No association shall make any loan or discount on the security of the shares of its own...
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Gold and Debt: An American Hand-book of Finance, with Over Eighty Tables and ...

William Lyman Fawcett - 1877 - 302 pages
...paid in. But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually...the same, shall not be considered as money borrowed. (SEC. 5201.) No association shall make any loan or discount on the security of the shares of its own...
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