...leading object of the establishment of these banks was, as expressed in the title of the act of 1864, " to provide a national currency secured by a pledge...provide for the circulation and redemption thereof." The act authorizes the formation of associations for carrying on the business of banking, by any number...

...this critical moment, a measure is brought forward whose real character is discerned in its title : " To provide a national currency secured by a pledge...provide for the circulation and redemption thereof." The primary object of this bill is not, therefore, to establish national banks, but to secure the national...

...Bank v. Lamb (1872) 50 NY 95, 10 Am. Rep. 438. 2. Purpose. — The national bank system was devised to provide a national currency secured by a pledge of United States bonds, and national banks are agencies or instruments of the government for that purpose. Davis v. Elmira Sav....

...urged their creation, after the President had made his special appeal, Congress acted and passed a bill to provide a national currency secured by a pledge of United States bonds. \ Five or more persons might associate for banking purposes and having gathered a capital of fifty...

...superseded by the act of June 3, 1864, entitled "An act to provide a national currency, secured by the pledge of United States bonds, and to provide for the circulation and redemption thereof." This is the basic act for the national banking system, and it is generally recognized that the power...

...National Bank Act June 3, 1864 THE beginning of the present national bank system is to be found in {he act "to provide a national currency, secured by a pledge of United States stocks, and to provide for the circulation and redemption thereof," approved February 25, 1863. This...

...aud for other purposes. March 21», 1880 6 Л*М0ш{ bañil, récrira-« о/. An act additional to an act entitled "An act to provide a national currency secured by a pledge of United Slates bond«, and to provide for the circulation and redemption thereof," pawed June third, eighteen...

...vols., izmo. See also Pattie (JO), and " Western Monthly Review." [FLINT (Waldo).] Some Strictures on an Act to provide a National Currency, secured by a Pledge of United States Stocks : and to provide for the Circulation and Redemption thereof . ... Boston : printed by John Wilson...

...association incorporated under and by virtue of an Act of Congress entitled "An Act to provide for National currency, secured by a pledge of United States...the circulation and redemption thereof," approved June 3. 1864, and Acts amendatory thereof and supplementary thereto; that relator is a member hank...

...the organization of the Bureau. Under date of February 25, 1863, the Thirty-seventh Congress passed an act to provide a national currency secured by a...provide for the circulation and redemption thereof. This act created a separate bureau hi the Treasury Department to be administered by an officer designated...