 | United States. Congress. Senate. Committee on Banking and Currency - 1913 - 988 pages
...per centum of the unimpaired capital and surplus of said bank; but thus restriction shall not apply to the discount of bills of exchange drawn in good faith against actually existing values. Any national bank may, at its discretion, accept drafts or bills of exchange drawn upon it [having]... | |
 | Idaho - 1913 - 734 pages
...such bank or trust company; but the discount of bills of exchange drawn in good faith against actual existing values, and the discount of commercial or business paper actually owned by the persons negotiating the same, shall not be considered as money borrowed; Provided, however, That the... | |
 | South Dakota. Supreme Court - 1913 - 718 pages
...understanding to know what is intended. The statute upon which indictment number eight is based provides : "but the discount of bills of exchange drawn in good faith against actually existing value and the discount of commercial paper actually owned by the person negotiating the same shall... | |
 | United States - 1914 - 962 pages
...per centum of the \mimpaired capital and surplus of said bank ; but this restriction shall not apply to the discount of bills of exchange drawn in good faith against actually existing values. Any member bank may accept drafts or bills of exchange drawn upon it and growing out of transactions... | |
 | Clarence Walker Barron - 1914 - 232 pages
...per centum of the unimpaired capital and surplus of said bank; but this restriction shall not apply to the discount of bills of exchange drawn in good faith against actually existing values. Any member bank may accept drafts or bills of exchange If 91 drawn upon it and growing out of transactions... | |
 | John Thom Holdsworth - 1914 - 464 pages
...of the capital and surplus is nullified by the qualification that "this restriction shall not apply to the discount of bills of exchange drawn in good faith against actually . existing values. ' ' This criticism seems to overlook the fact that the paper eligible for rediscount is limited to... | |
 | Virginius Gilmore Iden - 1914 - 138 pages
...per centum of the unimpaired capital and surplus of said bank ; but this restriction shall not apply to the discount of bills of exchange drawn in good faith against actually existing values. Any member bank may accept drafts or bills of exchange drawn upon it and growing out of transactions... | |
 | Thomas Conway (Jr.), Ernest Minor Patterson - 1914 - 452 pages
...entirely unsatisfactory, because it is followed by the stipulation, "but this restriction shall not apply to the discount of bills of exchange drawn in good faith against actually existing values. " It is urged that this qualification renders of no effect the preceding limitation. In the words of... | |
 | 1914 - 600 pages
...per centum of the unimpaired capital and surplus of said bank ; but this restriction shall not apply to the discount of bills of exchange drawn in good faith against actually existing values. Any member bank may accept drafts or bills of exchange drawn upon it and growing out of transactions... | |
 | Texas. Legislature. Senate - 1914 - 484 pages
...capital and surplus of such bank tendering the same for discount, but this restriction shall not apply to the discount of bills of exchange drawn in good faith against actually existing valuos. (j) The Bank of Texas may purchase and sell in the open market, under rules adopted by its... | |
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... per centum of the unimpaired capital and surplus of said bank ; but this restriction shall not apply to the discount of bills of exchange drawn in good faith against actually existing values. 
