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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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Annual Report of the Secretary of the Treasury on the State of the Finances ...

United States. Department of the Treasury - 1892 - 1184 pages
...paid in. But the 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
...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 as a part of any such loan or discount. 2. No such corporation nor any of its...
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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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Hand-book for Bank Officers

George Mathewes Coffin - 1893 - 186 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. Examples Illustrating Excessive Loans and Such as are Not...
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Congressional Serial Set, Issue 3098

1893 - 1184 pages
...of the capital stock of such association actually pni<l in. But tlic discount of bills of exchange drawn in good faith against actually existing values...paper actually owned by the person negotiating the s:une shall not he considered as money borrowed. As the volume of business has increased the magnitude...
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Congressional Serial Set, Issue 3073

1893 - 1256 pages
...such association actually paid in. But the discount of bills of exchange drawn in good faith ngainst actually existing values, and the discount of commercial...actually owned by the person negotiating the same, shall not be considered as money borrowed. This limitation is found to be wholesome in its general...
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The Compiled Statutes of the State of Nebraska: 1881 (6th Ed.), with ...

Nebraska, Guy Ashton Brown, Hiland Hill Wheeler - 1893 - 1370 pages
...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 as money borrowed....
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Annual Report of the State Banking Board Showing the Condition of the State ...

Nebraska. State Banking Board - 1898 - 84 pages
...ceed fifty (5O) per cent of the paid up capital of fuch bank. 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 as money borrowed.*...
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Annual Report of the Commissioner of the Banking Department of the State of ...

Michigan. Banking Division - 1895 - 352 pages
...such bank; but the discount of bills of exchange drawn in good faith againet actually existing valnes and the discount of commercial or business paper actually owned by the pereon negotiating the same shall not be considered as money borrowed; Provided, however, That the...
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The Revised Statutes, Codes and General Laws of the State of New York ...

New York (State) - 1896 - 1262 pages
...or such discount of bills of exchange drawn in good faith against actually existing values, or such ch has been added or into which has been introduced an v shall not exceed one-half the actual paid-in capital stock and surplus of such corporation or. banker,...
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