 | James Dysart Magee - 1923 - 794 pages
...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 sale" shall not be considered as money borrowed, and this procedure would also have the advantage of... | |
 | George William Edwards - 1924 - 522 pages
...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 same shall not be considered as money borrowed within the meaning of this paragraph. The liability of a customer on account of an acceptance made... | |
 | Benjamin Haggott Beckhart - 1924 - 624 pages
...company, but the discount of bills of exchange drawn against actually existing value and the discount of commercial or business paper actually owned by...person negotiating the same shall not be considered as borrowed money within the meaning of this section. The Federal reserve bank, as a condition of the... | |
 | Board of Governors of the Federal Reserve System (U.S.) - 1924 - 444 pages
...acceptance negotiated in good faith by the bona fide owner would be exempt from these limitations as "commercial or business paper actually owned by the person negotiating the same," even if it is not exempt as a " bill of exchange drawn in good faith against actually existing values."... | |
 | Gerald William Jamieson - 1925 - 232 pages
...discounting of bills of exchange drawn in good faith against actually existing values, and the discounting of commercial or business paper actually owned by...shall not be considered as money borrowed; provided, that by a two-thirds vote of the directors, the liabilities of any person, copartnership or corporation... | |
 | Henry Parker Willis, George William Edwards - 1925 - 594 pages
...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." Although this statute has been in force since 1919, it has remained practically inoperative. The First... | |
 | Leland Rex Robinson - 1926 - 474 pages
...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 same shall not be considered as money borrowed within the meaning of this paragraph. The liability of a customer on account of an acceptance made... | |
 | United States. Congress. Senate. Banking Currency Committee - 1926 - 384 pages
...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 same shall not be considered as money borrowed. Since that time section 5200 of the Revised Statutes has been entirely transformed by the introduction... | |
 | United States. Congress. Senate. Committee on Banking and Currency - 1926 - 384 pages
...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 same shall not be considered as money borrowed. Since that time section 5200 of the Revised Statutes has been entirely transformed by the introduction... | |
 | Thomas Bugard Paton - 1926 - 1408 pages
...discount of bills • т exchange against actually existing values and the puri-iiase or discounting of commercial or business paper actually owned by...person negotiating the same shall not be considered as borrowed money in fixing the limit of indebtedness of any person selling or negotiating such p«per... | |
| |
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. 
