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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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Annual Reports of the Secretary of War, Volume 10

United States. War Department - 1907 - 752 pages
...discount of bills or 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. ARTICLE IX. ARTICLE X. All real property upon which mortgage loans are made must have a marketable...
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Acts of the Philippine Commission, No.1-1800, Issues 1539-1800

United States. Philippine Commission (1900-1916) - 1907 - 740 pages
...discount of bills 01 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. ARTICLE IX. ARTICLE X. All real property upon which mortgage loans are made must have a marketable...
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The Statutes at Large of the United States from ..., Volume 34, Part 1

United States - 1907 - 1664 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...same shall not "be considered as money borrowed." Approved, June 22, 1906. PTOPÙO. Maximum. Commercial discount« not included. CHAP. 3817.— An Aft...
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A Treatise on the Modern Law of Banking, Volume 1

Albert Sidney Bolles - 1907 - 600 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. (Rev. Stat. § 5200.) 18. Associations Must Not Hold Their Own Stock. No association shall make any...
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Laws Passed at the Session of the General Assembly of the State of Colorado

Colorado - 1907 - 740 pages
...excess of the loans made, and the discount of commercial or business paper, upon solvent parties, and actually owned by the person negotiating the same, shall not be considered as money borrowed. The State Bank Commissioner may af any time order any excess loan reduced to the legal limit within...
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Money and Investments: A Reference Book for the Use of Those Desiring ...

Montgomery Rollins - 1907 - 488 pages
...the capital. The discount of bills of exchange drawn against existing actual values, and the discount of commercial or business paper actually owned by the person negotiating the same, not to be considered in the amount of such a loan. National Bank Notes.1 In order to increase the amount...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1907 - 536 pages
...borrower may be the maker or the endorser. Pratt,s Digest, 04. 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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Money and Investments: A Reference Book for the Use of Those Desiring ...

Montgomery Rollins - 1907 - 486 pages
...the capital. The discount of bills of exchange drawn against existing actual values, and the discount of commercial or business paper actually owned by the person negotiating the same, not to be considered in the amount of such a loan. National Bank Notes. 1 In order to increase the...
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Special Report of Wm. H. Taft, Secretary of War, to the President, on the ...

United States. War Department, William Howard Taft - 1908 - 194 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. AHTIQLE IX. Before making loans on precious metals, merchandise, and goods in warehouse, the value...
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Supreme Court Reporter, Volume 40

United States. Supreme Court - 1921 - 628 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...same, shall not be considered as money borrowed." The pertinent portion of the other section reads as follows: "Sec. 5239. If the directors of any national...
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