Chapters on the Theory and History of Banking |
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Chapters on the Theory and History of Banking Oliver Mitchell Wentworth Sprague,Charles Franklin Dunbar No preview available - 2016 |
Common terms and phrases
adopted aggregate amount authorized bank money Bank of Amsterdam Bank of England Bank of France bank-notes bankers Banking Department banking reserve banks of issue borrower branches Bulletin des Lois bullion capital Capital Surplus cash cent certificates chapter checks Clearing House commercial commercial paper condition country banks creditors crisis currency debt deposit accounts depositors dividend effect established existence G. P. PUTNAM'S SONS German given gold gulden held holders increase independent banks interest investment Issue Department issue notes issue of notes legal tender legal-tender liabilities limit loans Lombard Street London ment millions monopoly national banks note circulation notes issued November operations paid panic paper present private banking provision purchase received redemption Reichsbank right of issue right to demand riksdaler securities shareholders specie payment Statutes stockholders sums surplus suspension tion transactions transfer Treasury Undivided profits United
Popular passages
Page 136 - The Secretary of the Treasury shall require the associations thus designated to give satisfactory security, by the deposit of United States bonds and otherwise, for the safe-keeping and prompt payment of the public money deposited with them, and for the faithful performance of their duties as financial agents of the Government...
Page 147 - ... to make good such reserve ; and if such association shall fail for thirty days thereafter so to make good its reserve of lawful money of the United States...
Page 135 - Associations may be organized in the manner prescribed by this Title for the purpose of issuing notes payable in gold; and upon the deposit of any United States bonds bearing interest payable in gold with the Treasurer of the United States, in the manner prescribed for other associations, it shall be lawful for...
Page 158 - ... any body politic or corporate whatsoever, erected or to be erected, or for any other persons whatsoever united or to be united in covenants or partnership exceeding the number of six persons, in that part of Great Britain called England, to borrow, owe, or take up any sum or sums of money on their bills or notes payable on demand or at any less time than six months from the borrowing thereof...
Page 155 - An act for granting to their Majesties several rates and duties upon tonnage of ships and vessels, and upon beer, ale, and other liquors, for securing certain recompences and advantages in the said act mentioned, to such persons as shall voluntarily advance the sum of fifteen hundred thousand pounds, towards carrying on the war against France...
Page 9 - The borrower who procures a loan from a bank does so in order to provide himself with the means, either of making some purchase, or of paying some debt. He seeks, therefore, to obtain, not necessarily money, but a certain amount of purchasing...
Page 18 - every person, firm, or company having a place of business where credits are opened by the deposit or collection of money or currency, subject to be paid or remitted upon draft, check, or order...
Page 9 - A BANK may be described, in general terms, as an establishment which makes to individuals such advances of money or other means of payment as may be required and safely made, and to which individuals entrust money or other means of payment, when not required by them for use.
Page 18 - Every person, firm, or company, and every incorporated or other bank, having a place of business where credits are opened by the deposit or collection of money or currency, subject to be paid or remitted upon draft, check, or order, or where money is advanced or loaned on stocks, bonds, bullion, bills of exchange, or promissory notes, or where stocks, bonds, bullion, bills of exchange, or promissory notes are received for discount or sale...