Sound Currency Volume 2-3
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Sound Currency Volume 2-3

Sound Currency Volume 2-3


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About the Book

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1894 Excerpt: ...the greatest deficiency3: And provided further, That no banking association hereafter organized shall have a circulation in excess of $500,000. Sec. 2. And be it further enacted, That at the end of each month after the passage of this act, it shall be the duty of the Comptroller of the Currency to report to the Secretary of the Treasury the amount of circulating notes issued, under the provisions of the preceding section, to national banking associations during the previous month; whereupon the Secretary of the Treasury shall redeem and cancel an amount of three per centum temporary loan certificates issued under the acts of March 2, 1807, and July 25, 1863, not less than the amount of circulating notes so reported, and may, if necessary, in order to procure the presentation of such temporary loan certificates for redemption, give notice to the holders thereof, by publication or otherwise, that certain of said certificates (which shall be designated by number, date and amount) shall cease to bear interest from and after a day to be designated in such notice; and that the certificates so designated shall no longer be available as any portion of the lawful money reserve in possession of any national banking association; and after the day designated in such notice no interest shall be paid on such certificates, and they shall not thereafter be counted as a part of the reserve of anj' banking association. 1 See remainder of Act of March 8, 18(17, page 28. a See Act of July 12, 1870, page 29 and below, for retirement of such loan certificates. 8 Thle entire matter of distribution of bank currency repealed by the Act of Jan. 14, 1H75; see page 42. Repealed by Act of July 12, 1882, Sec. 10, p. 43. Revised Statutes of the United States--section relating to tank cur...


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Product Details
  • ISBN-13: 9781150834981
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 548
  • Spine Width: 28 mm
  • Width: 189 mm
  • ISBN-10: 1150834986
  • Publisher Date: 01 Mar 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 966 gr


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