The Strangle HoldM. A. Donohue & Company, 1921 - 318 pages |
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accept amount appraisement bank credit bank loans bank's banker banking system billion borrower brokers call money carry cash cause cent chapter clearing house coin commercial commodities Comptroller condition Cost of Living credit freezes currency defect demand deposits difference discount effect elasticity evils existing fact fallacy Farm Loan Act farmer Federal Reserve Act Federal Reserve Bank Federal Reserve Board federal reserve notes Federal Reserve System fixed fluctuate give gold redemption gold reserve gold standard greenbacks increase industry interest issue means medium of ex medium of exchange ment method national banks necessary panic paper money practically present system private control produced profit promise to pay prosperity public confidence public control public utility railroad reason refuse remedy reserve requirements result seen statement suggested supply thousand dollars tion trade volume of business York
Popular passages
Page 86 - A treaty on non-proliferation of nuclear weapons is not an end in itself but only a means to an end.
Page 218 - Federal reserve notes falls below forty per centum, the Federal Reserve Board shall establish a graduated tax of not more than one per centum per annum upon such deficiency until the reserves fall to...
Page 218 - Board. (c) To suspend for a period not exceeding thirty days, and from time to time to renew such suspension for periods not exceeding fifteen days, any reserve requirements specified in this Act: Provided, That it shall establish a graduated tax upon the amounts by which the reserve requirements of this Act may be permitted to fall below the level hereinafter specified: And...
Page 137 - ... institutions. Said board and the State Examiner and deputy examiners shall have the power to subpoena witnesses, administer oaths, and generally to do and perform any and all acts and things necessary to the complete performance of the duties herein imposed, and to enforce all the provisions of this act, and for the purpose of enabling them to perform all the duties imposed upon them, the provisions of Section 8200, Compiled Laws 1913, shall be held as applicable to their proceedings. Any and...
Page 218 - System shall establish a graduated tax of not more than 1 per centum per annum upon such deficiency until the reserves fall to 20 per centum, and when said reserve falls below 20 per centum, a tax at the rate increasingly of not less than 1% per centum per annum upon each 2% per centum or fraction thereof that such reserve falls below 20 per centum. The tax shall be paid by the Reserve bank, but the Reserve bank shall add an amount equal to said tax to the rates of interest and discount fixed by...
Page 167 - Sworn reports, made by the banks themselves, show that on September 2, 1915, 2,743 national banks, out of a total of 7,613, were guilty of usury. This at a time when the Federal Reserve banks were offering money freely to national banks in every part of the country at rates varying from 3j^ to 5%.
Page 225 - An Act To provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes.
Page 137 - ... meeting of said board, and to approve or disapprove the same, and to make and enforce such orders as, in its judgment, may be necessary or proper to protect the public and particularly the depositors or creditors of said institutions. Said board and the State Examiner and deputy examiners shall have the power to subpoena witnesses, administer oaths, and generally to do and perform any and all acts and things necessary to the complete performance of the duties herein imposed, and to enforce all...
Page 185 - But it injects into our circulation no new form of money as an element of alarm. By eliminating the one statement on the present bank note, " This note is secured by bonds of the United States," the additional currency could be made identical with that based on Government bonds. The Comptroller of the Currency and the bank issuing the currency would alone know of its existence. It would not advertise its existence...
Page 95 - Court on questions of law, such finding would be only a means to an end, and not an end in itself. The Court is of course aware of the role of declaratory judgments, but the present case is not one in which such a judgment is requested.