Banking and Currency Reform: Hearings Before the Subcommittee of the Committee on Banking and Currency, House of Representatives, Charged with Investigating Plans of Banking and Currency Reform and Reporting Constructive Legislation Thereon ...U.S. Government Printing Office, 1913 |
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24 페이지
... KORBLY . I would like to ask Mr. Hepburn one or two ques- tions . What would be your idea as to the limit of the issue of cur- rency ? Mr. HEPBURN . I would limit it , as , for instance , the German bank does , to 33 per cent of ...
... KORBLY . I would like to ask Mr. Hepburn one or two ques- tions . What would be your idea as to the limit of the issue of cur- rency ? Mr. HEPBURN . I would limit it , as , for instance , the German bank does , to 33 per cent of ...
25 페이지
... KORBLY . So that the substance would be exactly the same ? Mr. HEPBURN . That is right . Mr. KORBLY . Now , you propose that this evidence of indebtedness should be guaranteed by some system ? Mr. HEPBURN . I would guarantee that by a ...
... KORBLY . So that the substance would be exactly the same ? Mr. HEPBURN . That is right . Mr. KORBLY . Now , you propose that this evidence of indebtedness should be guaranteed by some system ? Mr. HEPBURN . I would guarantee that by a ...
26 페이지
... KORBLY . The paralyzing of the mechanism of exchange and the inability to effect exchanges between New York and Chicago . Mr. HEPBURN . It resulted in very great loss . Mr. KORBLY . Was it net , in your opinion , very much greater than ...
... KORBLY . The paralyzing of the mechanism of exchange and the inability to effect exchanges between New York and Chicago . Mr. HEPBURN . It resulted in very great loss . Mr. KORBLY . Was it net , in your opinion , very much greater than ...
27 페이지
... KORBLY . That would be a complete elasticity of the currency ? Mr. HEPBURN . Yes . Mr. KORBLY . And that is elasticity of the currency , is it not ; the interchangeability of those evidences of credit ? Mr. HEPBURN . Yes ; it would put ...
... KORBLY . That would be a complete elasticity of the currency ? Mr. HEPBURN . Yes . Mr. KORBLY . And that is elasticity of the currency , is it not ; the interchangeability of those evidences of credit ? Mr. HEPBURN . Yes ; it would put ...
32 페이지
... KORBLY . Will you let me interject a question there ? Mr. BULKLEY . Certainly . Mr. KORBLY . Do you not regard the supervision of banks in New York by the clearing house as vastly more valuable than the super- vision by the United ...
... KORBLY . Will you let me interject a question there ? Mr. BULKLEY . Certainly . Mr. KORBLY . Do you not regard the supervision of banks in New York by the clearing house as vastly more valuable than the super- vision by the United ...
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Aldrich bill Aldrich plan amount assets bank notes Bank of England Bank of France bankers BANKING AND CURRENCY banking business banking system BLUMENTHAL branch banking BULKLEY capital cash cashier cent central bank central reserve CHAIRMAN circulation clearing house clearing-house commercial paper committee CREASY debt demand deposit account depositors deposits discount district association dollars elasticity ENDY exchange FARWELL FERGUSON FISHER FLANNAGAN FOWLER FRAME function fund give gold certificates gold reserve Government bonds greenbacks guarantee HEPBURN KINDRED KORBLY LAUGHLIN loan MCCREARY mean millions MORAWETZ NASH national banks note issue organization panic proposition question rate of interest redeem redemption rediscount regional reserve regional reserve banks reserve association reserve banks reserve cities REYNOLDS Sir EDMUND WALKER TAYLOR thing tion to-day Treasury TREGOE trust companies United United States notes WADE WARBURG WEXLER WILLIS York
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271 페이지 - Each director, when appointed or elected, shall take an oath that he will, so far as the duty devolves on him, diligently and honestly administer the affairs of such association, and will not knowingly violate, or willingly permit to be violated, any of the provisions of this Title...
445 페이지 - ... could they vote on questions where they were interested. On all applications for loans above $500, a majority vote of five-sevenths of the board was necessary, and this must be entered on the minutes with the names of the directors so voting. Directors were individually liable for losses resulting from infraction of the law, unless they had voted against the same and caused their votes to be -entered on the minutes, and had notified the Governor of the State of such infraction forthwith, ami...
176 페이지 - We will adjourn until 2.30 o'clock. (Whereupon, at 1 o'clock pm a recess was taken until 2.30 o'clock pm) AFTER RECESS The committee reconvened at 2.30 o'clock pm, pursuant to the taking of a recess.
698 페이지 - Five members who are members of the Committee on Banking and Currency of the House of Representatives, three from the majority and two from the minority party, to be appointed by the chairman of the committee.
66 페이지 - ... water, one pailful to each house owner. "When the lightning strikes, the unfortunate householder will in vain fight the fire with his one pailful of water, while the other citizens will all frantically hold on to their own little supply, their only defence in the face of danger. The fire will spread and resistance will be impossible. If, however, instead of uselessly dividing the water, it had remained concentrated in one reservoir with an adequate system of pipes to direct it where it was wanted...
107 페이지 - Indians receive their rights as against the later whites. (At 12 o'clock m. the subcommittee took a recess until 2 o'clock pm) AFTERNOON SESSION The subcommittee resumed its session, pursuant to the taking of the recess, at 2 o'clock pm Senator SMOOT. If the committee will come to order; Senator Cameron...
558 페이지 - Redemptions of national-bank notes during the year have been constantly in excess of the 5 per cent fund required under section 3 of the act of June 20, 1874, to be kept by the banks on deposit in the Treasury of the United States for the redemption of their notes. Consequently that fund has been overdrawn during the whole year and the Treasury has had to advance payment for notes as they were presented out of the general fund. The largest overdraft was $26,927,389.52, on February 3, 1912.
97 페이지 - Universe from their several stations, there was nothing in the Heavens above, or the earth beneath, or the waters under the earth...
7 페이지 - Well, we have so much cash ; let us deduct that.' " ' Yes.' " ' Then we have so much due from banks. We could value against that and deduct the same.' " ' Yes.' " ' We have so much exchange, acceptances, etc., which have an immediate market. We could realize upon and deduct that.
7 페이지 - Yes; but how are you going to pay debts with commercial paper?' ' Take it to the Bank of France and get currency for it.' ' Could you do that? ' ' Certainly.' ' Is there any law which would compel the Bank of France to discount your commercial paper without limit? ' " ' Law — yes ; the law of its being ; that is what the bank was created for.