Rural Credits: Joint Hearings Before the Subcommittees of the Committees on Banking and Currency of the Senate and of the House of Representatives Charged with the Investigation of Rural Credits ... [Feb. 16-March 18, 1914] Printed for the Use of the Senate Committee on Banking and CurrencyU.S. Government Printing Office, 1914 - 971 páginas |
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Página 45
... PLATT . No ; I mean in the bank itself , its stock . Senator FLETCHER . My impression is that we confined the organi- zation shareholders to residents . Mr. Moss . No ; it is just a limitation on the power of the bank to loan . Mr. PLATT ...
... PLATT . No ; I mean in the bank itself , its stock . Senator FLETCHER . My impression is that we confined the organi- zation shareholders to residents . Mr. Moss . No ; it is just a limitation on the power of the bank to loan . Mr. PLATT ...
Página 47
... PLATT . If your security is good , there is no more risk in not having the installment plan payments than there is in the other way . Mr. HAYES . The security is not , because it is personal security . Mr. PLATT . We are talking about ...
... PLATT . If your security is good , there is no more risk in not having the installment plan payments than there is in the other way . Mr. HAYES . The security is not , because it is personal security . Mr. PLATT . We are talking about ...
Página 48
... PLATT . I do not think in my State the margin is any different . The margin is just the same . Mr. HAYES . They make themselves absolutely safe . There is absolutely no risk at all with the savings bank , but with the building ...
... PLATT . I do not think in my State the margin is any different . The margin is just the same . Mr. HAYES . They make themselves absolutely safe . There is absolutely no risk at all with the savings bank , but with the building ...
Página 49
... PLATT . After all , the chief advantage of it is that it compels the borrower to pay back in small amounts , so that ... Platt , that it would give additional confidence to the public in the bank and in the bond that it had issued . Mr ...
... PLATT . After all , the chief advantage of it is that it compels the borrower to pay back in small amounts , so that ... Platt , that it would give additional confidence to the public in the bank and in the bond that it had issued . Mr ...
Página 52
... PLATT . Suppose I own a farm just as an investment and it is clear of mortgages , is there anything in this bill to prevent me from borrowing other funds , if I want to ? Senator FLETCHER . I did not quite get that . Mr. PLATT . Suppose ...
... PLATT . Suppose I own a farm just as an investment and it is clear of mortgages , is there anything in this bill to prevent me from borrowing other funds , if I want to ? Senator FLETCHER . I did not quite get that . Mr. PLATT . Suppose ...
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Términos y frases comunes
acres agricultural amortization amount appraisement ATKESON BADOW banker believe bill bonds borrow BREITUNG building and loan BULKLEY capital cent central commercial banks commission commissioner of farm-land committee CORTLANDT COULTER Credit Foncier credit unions crop currency debentures debt deposits ENGELKEN Europe farmers Federal reserve Federal reserve act Federal reserve system FISCHER funds give going Government HAYES idea institution investment issue JONES land bank land-mortgage banks limit loan association matter mean minority report MOBLEY MORRIS mortgage mortgage loans Moss MYRICK national banks national farm-land bank North Carolina operation organization OUSLEY payments PLATT profit proposition purpose question RAGSDALE rate of interest real estate reason regional bank rural credits savings banks SCUDDER SELDOMRIDGE sell Senator FLETCHER Senator HOLLIS short-time SOUTHGATE tenants thing tion United usury VON ENGELKEN
Pasajes populares
Página 65 - ... shall be held individually responsible, equally and ratably, and not one for another, for all contracts, debts and engagements of such association to the extent of the amount of their stock therein at the par value thereof, in addition to the amount invested in such shares...
Página 65 - Title, subscribed by him, or standing in his name on the books of the association, and that the same is not hypothecated, or in any way pledged, as security for any loan or debt.
Página 60 - To exercise by its board of directors, or duly authorized officers or agents, subject to law, all such incidental powers as shall be necessary to carry on the business of banking...
Página 58 - That it shall be the duty of the comptroller of the currency to report annually to congress at the commencement of its session — First. A summary of the state and condition of every association from whom reports have been received the preceding year, at the several dates to which such reports refer, with an abstract of the whole amount of banking capital returned by them, of the whole amount of their debts and liabilities, the amount of circulating notes outstanding, and the total amount of means...
Página 60 - State in which said bank is to be located, the amount of capital stock and the number of shares into which the same is divided, the name and place of doing business of each bank executing such certificate, and of all banks which have subscribed to the capital stock of...
Página 60 - Second. To have succession for the period of twenty years from its organization, unless it is sooner dissolved according to the provisions of its articles of association, or by the act of its shareholders owning twothirds of its stock, or unless its franchise becomes forfeited by some violation of law.
Página 64 - ... then due thereon, with the expenses of advertisement and sale; and the excess, if any, shall be paid to the delinquent shareholder. If no bidder can be found who will pay for such stock the amount due thereon to the association, and the...
Página 60 - Sixth. To prescribe, by its board of directors, by-laws not inconsistent with law, regulating the manner in which its stock shall be transferred, its directors elected or appointed, its officers appointed, its property transferred, its general business conducted, and the privileges granted to it by law exercised and enjoyed.
Página 65 - ... notice thereof in all cases having been given in a newspaper published in the city, town, or county in which the association is located; and if no newspaper is published in such city, town, or county, such notice shall be published in a newspaper published nearest thereto.
Página 60 - Upon duly making and filing articles of association and an organization certificate, the association shall become, as from the date" of the execution of its organization certificate, a body corporate, and as such, and in the name designated in the organization certificate, it shall have power: First.