 | Illinois. General Assembly. Senate - 1891 - 1330 pages
...clause 7th, at lino 28, the following; words: "And, provided furtlier, "that the discount of bills o! exchange drawn in good faith, against actually existing...commercial or business paper actually owned by the person, firm, company or corporation negotiating the same, shall not he considered as prohibited by this section."... | |
 | United States - 1891 - 332 pages
...such association actually paid in: Provided, that the discount of bond fide bills of exchange drawn against actually existing values, and the discount...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... | |
 | Nebraska, Joseph Elliott Cobbey - 1891 - 1382 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. 302. No bank, corporation, firm, or individual engaged in the banking, broker, exchange, or deposit... | |
 | 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,... | |
 | New York (State) - 1892 - 308 pages
...surplus; but the discount of bills of exchange drawn in good faith against actually existing values, or of commercial or business paper actually owned by...person negotiating the same shall not be considered as a part of any such loan or discount. 2. No such corporation nor any of its directors, officers, agents... | |
 | United States. Department of the Treasury - 1892 - 1184 pages
...paid in. But the discount of bills of exchange drawn in good faith against actually existing vaines and the discount of commercial or business paper actually owned by the person negotiating the enmi; shall not be considered as money borrowed. As the volume of business has increased the magnitude... | |
 | John B. Duryea - 1892 - 448 pages
...bills of exchange, drawn in good faith against existing values, and the discount of business paper owned by the person negotiating the same, shall not be considered as a loan of money. § 59. Other Loans Prohibited. Banking associations cannot make any loans nor discount... | |
 | 1893 - 1182 pages
...oiie-tcnth part of the amount of the capital stock of such association actually pni<l in. But tlic discount of bills of exchange drawn in good faith...paper actually owned by the person negotiating the s:une shall not he considered as money borrowed. As the volume of business has increased the magnitude... | |
 | 1893 - 1256 pages
...such association actually paid in. But the discount of bills of exchange drawn in good faith ngainst actually existing values, and the discount of commercial...the same, shall not be considered as money borrowed. This limitation is found to be wholesome in its general application, but recent events indicate that... | |
| |
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. 
