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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 xxxii
by Michigan. Banking Division - 1908
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Practical Information Concerning the Public Debt of the United States: With ...

William Adams Richardson - 1873 - 192 pages
...such association actually paid in: Provided, That the discount of bona 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. SEC....
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REPORTS OF THE COMMITTEES OF THE HOUSE OF REPRESENTATIVES FOR THE FIRST ...

GOVERNMENT PRINTING OFFICE - 1874 - 1078 pages
...association actually paid in: J'rovidfd, Tbat the. discount of Ъопч-fäe bills of exchange drawn against actually existing values, and the discount...commercial or business paper actually owned by the person or persons, corporation, or lirm negotiating the same, shall not be considered as money borrowed. That...
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Acts and Joint Resolutions

Iowa - 1874 - 148 pages
...Provided, That the dis- p rovlso count of bona fide bills of exchange drawn against actually existing value and the discount of commercial or business paper actually owned by the person or persons, corporation, or firm negotiating the same shall not be considered money borrowed. SEC....
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Statutes of the United States of America

United States - 1917 - 706 pages
...bank or trust company, but the discount of bills of exchange drawn against actually existing value and the discount of commercial or business paper actually owned by the person negotiating the same shall not be considered as borrowed money within the meaning of this section. r.,» req ,р^е pecierai...
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Gold and Debt: An American Hand-book of Finance, with Over Eighty Tables and ...

William Lyman Fawcett - 1876 - 300 pages
...amount of the capital stock of such association actually paid in. But the discount of bills of exchange drawn in good faith against actually existing values,...actually owned by the person negotiating the same, shall not be considered as money borrowed. (SEC. 5201.) No association shall make any loan or discount...
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The N.Y. Weekly Digest of Cases Decided in the U.S. Supreme ..., Volume 14

1882 - 664 pages
...association actually paid in. But the discount of bills of exchange drawn in good faith against actual existing values, and the discount of commercial or...actually owned by the person negotiating the same, shall not be considered as money borrowed." US Rev. Stat., £ 5200. These drafts had no valid or legal...
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The Century of Independence: Embracing a Collection, from Official Sources ...

John Russell Hussey - 1876 - 562 pages
...such association actually paid in : Provided, That the discount of bona 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. SEC....
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Gold and Debt: An American Hand-book of Finance, with Over Eighty Tables and ...

William Lyman Fawcett - 1877 - 302 pages
...amount of the capital stock of such association actually paid in. But the discount of bills of exchange drawn in good faith against actually existing values,...actually owned by the person negotiating the same, shall not be considered as money borrowed. (SEC. 5201.) No association shall make any loan or discount...
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Gold and Debt: An American Hand-book of Finance, with Over Eighty Tables and ...

William Lyman Fawcett - 1877 - 288 pages
...amount of the capital stock of such association actually paid in. But the discount of bills of exchange drawn in good faith against actually existing values,...actually owned by the person negotiating the same, shall not be considered as money borrowed. (SEC. 5201.) No association shall make any loan or discount...
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National Bank Cases: Containing All Decisions of Both the Federal and State ...

Isaac Grant Thompson - 1878 - 1018 pages
...capital stock of such association actually paid in : Provided, that the bonafide bill a 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." Allen...
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