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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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The National-Bank Act and Other Laws Relating to National Banks, from the ...

United States - 1889 - 120 pages
...exchange drawn in good faith against actually existing values, and the discount of commercial от business paper actually owned by the person negotiating...the same, shall not be considered as money borrowed. nnM»°il™»p"n 79. (SEC. 5201.) No association shall make any loan or üwT¿t>!cak»etheir discount...
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Laws, Joint Resolutions, and Memorials, Passed at the ... Session of the ...

Nebraska - 1889 - 724 pages
...bills of exchange drawn in good faith against actually existing values, and the discount of commercial paper actually owned by the person negotiating the same, shall not be considered as money borrowed. ?ot a1 be t *re- an SEC. 12. No bank, corporation, firm or indin vidual engaged in the banking, broker,...
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Extracts from the Laws of the United States Relating to Currency and Finance

United States - 1889 - 90 pages
...Provided, that the discount of bond 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. [Section...
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Annual Report of the Commissioner of the Banking Department of ..., Volume 17

Michigan. State Banking Department - 1906 - 470 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...same, shall not be considered as money borrowed." This provision, as found in our General Banking Law and also in the National Banking Law, has never...
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Annual Report of the Commissioner of the Banking Department of ..., Volume 25

Michigan. State Banking Department - 1914 - 748 pages
...paper. The borrower may be the maker or the endorser. Pratt's Digest, 94. Our statute provides that in the discount of commercial or business paper actually owned by the person negotiating the same, it shall not be considered as money borrowed. The application of this provision, in my opinion, relates...
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Documents Accompanying the Journal of the House, Part 1

Michigan. Legislature - 1891 - 1144 pages
...such bank; but the discount of bills of exchange drawn in good faith against actually existing values and the discount of commercial or business paper actually...shall not be considered as money borrowed: Provided, howc-ver, That the foregoing limitations shall not apply to loans upon real estate or other collateral...
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Public Acts and Joint and Concurrent Resolutions of the Legislature of the ...

Michigan - 1891 - 486 pages
...such bank; but the discount of bills of exchange drawn in good faith against actually existing values and the discount of commercial or business paper actually...shall not be considered as money borrowed: Provided, iiwiw. however, That the foregoing limitations shall not apply to loans upon real estate or other collateral...
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Annual Report of the Secretary of the Treasury on the State of the Finances ...

United States. Department of the Treasury - 1891 - 1022 pages
...paid in. But the discount of bille 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. This limitation is found to be wholesome in its general application, but recent event« indicate that...
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Session Laws

South Dakota - 1891 - 392 pages
...against actual existing values or loans upon produce in transit or in store as collateral security and the discount of commercial or business paper actually...the same shall not be considered as money borrowed. § 23. PENALTIES FOR VIOLATION OF ACT.] Any person or persons violating the provisions of this act....
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The Compiled Statutes of the State of Nebraska, 1881

Nebraska - 1891 - 1278 pages
...bills of exchange drawn in good faith against actually existing values, and the discount of commercial paper actually owned by the person negotiating the same, shall not be considered as money borrowed. SEC. 12. ("Deposits when insolvent.] — No bank, corporation, firm, or individual engaged in the banking,...
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