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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. "
The Laws of Wisconsin - Page 655
by Wisconsin - 1897
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Annual Report of the Commissioner of the Banking Department of the ..., Volume 2

Michigan. Banking Division - 1891 - 178 pages
...time exceed one.tenth part of the amount of the capital and surplus of 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 owned by the person negotiating the same shall not...
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The Compiled Statutes of the State of Nebraska, 1881

Nebraska - 1891 - 1278 pages
...corporation, exceed fifty (50) per cent of the paid up capital of said bank or corporation. But the discount of 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...
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Acts and Resolves Passed by the ... Legislature of the State of Maine

Maine - 1891 - 966 pages
...stock of this corporation as is actually paid up, and one-tenth part of its deposits. 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 party negotiating the same, shall not...
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Consolidated Statutes of Nebraska, 1891: Being a Compilation of All the Laws ...

Nebraska, Joseph Elliott Cobbey - 1891 - 1382 pages
...corporation, exceed fifty (50) per cent of the paid up capital of said bank or corporation. But the discount of 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...
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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
...of the amount of the capital stock of such association actually 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 owned by the person negotiating the same, shall not...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1892 - 330 pages
...discount of billa of exchange drawn in gcod faith against actually existing valnes and the discount of commercial or business paper actually owned by...shall not be considered as money borrowed: Provided, however, That the foregoing limitations Proviso, shall not apply to loans upon real estate or other...
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United States Reports: ... and Rules Announced at ...

United States. Supreme Court - 1892 - 768 pages
...;>erson, company, etc., should at no time exceed one-tenth part of the capital stock, but the discount of bills of exchange drawn in good faith against actually existing values, and of commercial or business paper actually owned by the person negotiating the same, is not to be considered...
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United States Reports: Cases Adjudged in the Supreme Court at ..., Volume 141

United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - 1892 - 770 pages
...stock, but the discount of bills of exchange drawn in good faith against actually existing values, and of commercial or business paper actually owned by the person negotiating the same, is not to be considered as money borrowed. This provision was grossly violated, but while Lee testified...
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Annual Report of the Secretary of the Treasury on the State of the Finances ...

United States. Department of the Treasury - 1892 - 1184 pages
...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...
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The General Banking Laws of the State of New York: Including the Banking Law ...

New York (State) - 1892 - 308 pages
...amount exceeding the one-fifth part of its capital stock actually paid in and 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 the person negotiating the same shall not be considered...
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