INDEX. PAGE. ACTS OF PARLIAMENT- Geo. I., 1718, founding Equivalent Company Bank Charter Act, 1844, quoted as to power to issue notes against Bankruptcy, 1869, in case ex parte Richdale. In re Palmer Bills of Exchange Act, 1882, 45 & 46 Vict., ch 61, full text of Schedule of Enactments, repealed Coinage Act, 1870, text of Companies (Joint Stock), suggested amendment sect. 30, on Notice Married Women's Property Act, 1882 (see Paget) Scotland- Indian Negotiable Instruments Act (see Chalmers) ADVANCES, banker's lien on security, decision in London and County Questions with Answers of Council on limited liability company shares, notice to company, and 124-125 429 453-492 492 227 263 541 120 138-139 210-212 265 46 on foreign bonds, claim of interest ALFRED THE GREAT, coinage of AMERICAN BANKERS' ASSOCIATION, proceedings of convention of, ASSOCIATION OF CHAMBERS OF COMMERCE, resolutions passed at AUSTRALASIAN BANK RETURNS, summary of AUSTRALIA, bullion shipments to United States AUTHORITY, letter of, to sign cheques, question if stamp necessary, (with answer). BALANCE SHEET, Clearing House Bank of Scotland National Banks of United States Institute of Bankers, session 1881-82 35-37 226-228 188, 296 43 273 301, 326 501 99 122 389 374-375 BANKERS, private, Scottish. relinquished trade BANKERS' (American) Association, proceedings of convention of, notice BANKERS' INSTITUTE IN SCOTLAND, Lord McLaren's address. BANKRUPTCY, of Payee before date of post-dated cheque, legal decision BANKS- BANK OF ENGLAND, admission to Clearing House PAGE. 127 132 35-37 119 171 284-293 179 91 312 588 stock (table) COMMERCIAL BANK OF SCOTLAND, origin and growth of ROYAL BANK OF SCOTLAND, origin capital rivalry with Bank of Scotland bank-note, with "optional clause' BRITISH LINEN COMPANY, origin charters capital NATIONAL BANKS OF UNITED STATES (see Barnett) BARNARD (G. E.) Remarks seconding vote of thanks to President ai 157 125 126, 133 126 133-134 129 130 133 381, 493 202 379 BARNETT (R. W.) The London Bankers' Clearing House Origin of clearing by Bankers' clerks Date of first official clearing . Establishment of country cheque clearing. Amount of country clearing. Admission of Bank of England Number of clearing bankers. Average daily amount of clearing Total clearing in 1839. Comparative table of amounts of clearing Daily operations of the Clearing House General rules Rules for clearing country cheques in London Form of general balance-sheet Form of draft or "ticket" for settlement that country notes should be cleared 100-101 101 The National Banks of the United States of America General view of present prosperous condition of the banks Their origin in time of war of secession: proposals of Secretary of . adoption of proposal to issue national bank-notes secured by U. S. 381 382 382 382 Condition of banking prior to organisation of national banking system futile attempts to establish a bank of United States 383 383 loss abuses: remarks in messages of Governors of Indiana, Michigan, results: continuous record of bank failures variety of species of currency, resulting in inconvenience and National Banking Bill, opposition and passing of the measure Progress of national banking system Act of 1865, imposing tax on private note circulations. present position 383 384 384 384 385 385 385 386 386 387 Comptroller of the Currency: definition of his position, powers, and System of control 387 Reports of banks, and Comptroller's reports, giving statistics and data of stock: executors, administrators, guardians, or trustees, liable only 391 Directors' qualifications 391 deposit of bonds with Treasury; receipt of circulating notes from 391 Restriction of note circulation 391 Characteristics and legal tender of notes. 392 notes issued by bank since failed are legal tender to other banks Payment and redemption of notes, according to original Act, and Act of 1874. 393, 394-395 Banks must keep on deposit at Treasury in gold or U.S. notes 5 per cent. Legislation regulating circulation. Act removing limit and restrictions not followed by increase National gold banks Deposit of bonds against circulation in 1865 and 1881. Cost to banks of existing system: commercial rate of interest higher 394 394 394 395 395 Actual net profit upon circulation (table) 395-396 total liabilities of any one customer not to exceed one-tenth of 397 on liabilities 397 provisions as to usury 398 Two restrictions pointing directly to methods of business, of which we notes not to be used for purposes of capital and loans certification of cheques Reserve of banks, and proportion to whole liabilities (table)' Surplus and undivided profits, and their proportion to capital (table) Bad debts to be deducted from net profits before declaring dividend, and to be reported to comptroller Losses since March, 1876 (table) in geographical divisions (table) in principal cities fall on undivided profits number of banks declaring no dividend (table) -in geographical divisions (table) Pecuniary burdens imposed on banks amount paid from commencement of system ratio of taxes to capital since 1866 (table) inequalities of State taxation two cent, stamp on bank cheques 398-401 399 399 401 402 402-403 403 403 404 404 405 405 405 406 406 406-407 407 amount received from, and number of stamps 407 compared with failures of State and Savings banks, and private 410 remarks of comptroller on causes of failures 410 339 banks which, finding advantages of Acts no compensation for derangement of currency which must ensue from retirement of security for notes in connection with redemption of National Debt Discussion on Mr. Barnett's Paper 413 413 Question as to clearing-house certificates, including certified 414 Evasion of usury law 415 Great importance of watching closely effects of approaching crisis Effect of having no branches in preventing aggregation of 416 Evasion of usury law 416 Proportion of coins, notes, and cheques, compared with our own Evasion of usury law, and of restrictions on certification of cheques Abolition of small notes Absence of aggregation of deposits 417 417 417 417-418 418 418 418 |