Hearings and Reports of the Committee ... Relating to Proposed Changes in the Currency System of the United StatesU.S. Government Printing Office, 1899 - 295ÆäÀÌÁö |
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Let us go a step further . If it is true that you have added to the abstractors $
200,000,000 of that money , which to - day makes drafts upon the Government for
gold , what defense has the Government against that draft ? You have stated that
...
Let us go a step further . If it is true that you have added to the abstractors $
200,000,000 of that money , which to - day makes drafts upon the Government for
gold , what defense has the Government against that draft ? You have stated that
...
210 ÆäÀÌÁö
66 TRUE BANK CURRENCY " BETTER THAN ¡° BOND SECURED CURRENCY ¡±
-GAGE BILL " TENTATIVE . " The CHAIRMAN . Mr. Secretary , you say your bill (
H. R. 5181 ) , which you have drawn and presented to the committee , " is not ...
66 TRUE BANK CURRENCY " BETTER THAN ¡° BOND SECURED CURRENCY ¡±
-GAGE BILL " TENTATIVE . " The CHAIRMAN . Mr. Secretary , you say your bill (
H. R. 5181 ) , which you have drawn and presented to the committee , " is not ...
212 ÆäÀÌÁö
of ample security for its redemption . If that is true there would be no bad debts . If
all the money paid out is secured by ample securities , when are notes
discounted by a bank not good at all ? The CHAIRMAN . I am speaking of a
sound bank .
of ample security for its redemption . If that is true there would be no bad debts . If
all the money paid out is secured by ample securities , when are notes
discounted by a bank not good at all ? The CHAIRMAN . I am speaking of a
sound bank .
215 ÆäÀÌÁö
BOND - SECURED CURRENCY OPPRESSIVE . Mr. WALKER . Then is not a
very great hardship worked to those sections of the country under a banking
system which does not allow the free issue of paper on the true banking principle
?
BOND - SECURED CURRENCY OPPRESSIVE . Mr. WALKER . Then is not a
very great hardship worked to those sections of the country under a banking
system which does not allow the free issue of paper on the true banking principle
?
216 ÆäÀÌÁö
depletes its loanable funds , as compared with the true bank currency " issued
against its assets , by every dollar it pays for such bonds , does it not ? Mr.
FAIRCHILD . I think so . Mr. WALKER . Then , compelling banks to use ¡° bond -
secured ...
depletes its loanable funds , as compared with the true bank currency " issued
against its assets , by every dollar it pays for such bonds , does it not ? Mr.
FAIRCHILD . I think so . Mr. WALKER . Then , compelling banks to use ¡° bond -
secured ...
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actual amount approval assets authorized bank notes bonds called canceled capital cash cent certificates CHAIRMAN checks circulating notes clearing house clearing-house committee Comptroller country banks currency notes debt demand Department deposits division of issue dollars duty equal examination exchange existing fact FAIRCHILD five France fund GILMAN give gold coin Government greenbacks hand held Hill-Fowler bill hundred increase interest issue and redemption keep kind legal-tender less liability loan loss maintain means meet national banking association national-bank necessary needed notes issued obligations officers organized paid panic paper money parity payment person present profits proposed protect question receive redeem reduced safe Secretary GAGE silver specie taken tion Treasury notes true United States notes United States Treasury Walker bill whole York
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250 ÆäÀÌÁö - To exercise by its board of directors, or duly authorized officers or agents, subject to law, all such incidental powers as shall be necessary to carry on the business of banking; by discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debt; by receiving deposits; by buying and selling exchange, coin and bullion; by loaning money on personal security; and by obtaining, issuing and circulating notes according to the provisions of this Title.
87 ÆäÀÌÁö - ... shall be received at par in all parts of the United States in payment of taxes, excises, public lands, and all other dues to the United States, except for duties on imports ; and also for all salaries and other debts and demands owing by the United States to individuals, corporations, and associations within the United States, except interest on the public debt, and in redemption of the national currency.
8 ÆäÀÌÁö - ... false entry in any book, report, or statement of the association, with intent, in either case, to injure or defraud the association or any other company, body politic or corporate, or any individual person, or to deceive any officer of...
5 ÆäÀÌÁö - That in all elections of directors, and in deciding all questions at meetings of shareholders, each shareholder shall be entitled to one vote on each share of stock held by him. Shareholders may vote by proxies duly authorized in writing; but no officer, clerk, teller, or book-keeper of such association shall act as proxy; and no shareholder whose liability is past due and unpaid shall be allowed to vote.
8 ÆäÀÌÁö - ... every such person shall be deemed and adjudged guilty of felony, and being thereof convicted by due course of law, shall be sentenced...
86 ÆäÀÌÁö - Section 5138. No association shall be organized with a less capital than one hundred thousand dollars, except that banks with a capital of not less than fifty thousand dollars may. with the approval of the Secretary of the Treasury, be organized in any place the population of which does not exceed six thousand inhabitants...
83 ÆäÀÌÁö - States shall have a paramount lien upon all its assets; and such deficiency shall be made good out of such assets in preference to any and all other claims whatsoever, except the necessary costs and expenses of administering the same.
7 ÆäÀÌÁö - ... who shall have power to make a thorough examination into all the affairs of the association, and, in doing so, to examine any of the officers and agents thereof on oath; and shall make a full and detailed report of the condition of the association to the Comptroller.
81 ÆäÀÌÁö - July 14, 1890, are legal tender for all debts, public and private, except where otherwise expressly stipulated in the contract. United States notes are legal tender for all debts, public and private, except duties on imports and interest on the public debt.
4 ÆäÀÌÁö - ... sue and be sued, complain and defend, in any court of law and equity as fully as natural persons...