The Yale Review, Том 4;Том 7George Park Fisher, George Burton Adams, Henry Walcott Farnam, Arthur Twining Hadley, John Christopher Schwab, William Fremont Blackman, Edward Gaylord Bourne, Irving Fisher, Henry Crosby Emery, Wilbur Lucius Cross Blackwell, 1899 |
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Страница 63
... capital , may issue unsecured notes to the amount of twenty - five per cent . of such deposit , such additional circulation to be a first lien on all the remain- ing assets of the bank and the bank to pay on this portion of its ...
... capital , may issue unsecured notes to the amount of twenty - five per cent . of such deposit , such additional circulation to be a first lien on all the remain- ing assets of the bank and the bank to pay on this portion of its ...
Страница 64
... capital of the banks , approximately 631 millions ( Report of Comptroller , 1897 , p . XIX ) ; the highest possible unsecured circulation would be reached if the banks were to take out secured circulation to the amount of 80 per cent ...
... capital of the banks , approximately 631 millions ( Report of Comptroller , 1897 , p . XIX ) ; the highest possible unsecured circulation would be reached if the banks were to take out secured circulation to the amount of 80 per cent ...
Страница 65
... capital of 631 millions , or about 17 per cent .; in so far the total possible note issue is less than that possible under the Gage bill . Further , it is provided that up to an amount equal to 25 per cent . of the bank's capital stock ...
... capital of 631 millions , or about 17 per cent .; in so far the total possible note issue is less than that possible under the Gage bill . Further , it is provided that up to an amount equal to 25 per cent . of the bank's capital stock ...
Страница 66
... capital , and to a tax of 6 per cent . on notes in excess of 80 per cent . of its capital . A guaranty fund is provided by requiring all banks , before receiving circulation , to pay into the Treasury in gold coin 5 per cent . of the ...
... capital , and to a tax of 6 per cent . on notes in excess of 80 per cent . of its capital . A guaranty fund is provided by requiring all banks , before receiving circulation , to pay into the Treasury in gold coin 5 per cent . of the ...
Страница 67
... capital in bonds before it can take out any unsecured circulation what- ever . If that be the case , such unsecured notes would come into being only as an emergency currency in times of stress , thereby becoming , in a sense , legalized ...
... capital in bonds before it can take out any unsecured circulation what- ever . If that be the case , such unsecured notes would come into being only as an emergency currency in times of stress , thereby becoming , in a sense , legalized ...
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