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" ... have on hand, in lawful money of the United States, an amount equal to at least twenty-five per centum of the aggregate amount of its notes in circulation and its deposits... "
The Bank of England: And the Organisation of Credit in England - Page 460
by Charles Tennant - 1866 - 869 pages
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Public Documents of Massachusetts, Volume 6, Part 1

Massachusetts - Massachusetts - 1894 - 760 pages
...income of the corporation. SECT. 13. Such corporations shall at all times have on hand, as a reserve, in lawful money of the United States, an amount equal to at least fifteen per centum of the aggregate amount of all its deposits which are subject to withdrawal upon...
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The Merchants' Magazine and Commercial Review, Volume 48

William B. Dana - Commerce - 1863 - 508 pages
...adjoining. SEC. 41. And be it further enacted, That every such association shall at all limes have on hand, in lawful money of the United States, an amount equal to at least twenty-five per centum of the aggregate amount of its outstanding notes of circulation and its deposits;...
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Journal: 1st-13th Congress . Repr. 14th Congress, 1st Session ..., Volume 1

United States. Congress. House - United States - 1863 - 1180 pages
...of its notes in circulation and its deposits ; and every other association shall, at all times, have on hand, in lawful money of the United States, an amount equal to at least fifteen per centum of the aggregate amount of its notes in circulation, and of its deposits. And whenever...
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Acts Passed at the First Session of the 1st Congress - 3d Session of the ...

United States - Law - 1863 - 324 pages
...41. And be it further enacted, That every such associaof money on hand, tion shall at all times have on hand, in lawful money of the United States, an amount equal to at least twenty-five per centum of the aggregate amount ot its outstanding notes of circulation and ita when...
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The American Annual Cyclopædia and Register of Important Events ...

Encyclopedias and dictionaries - 1864 - 878 pages
...adjoining. SEC. 41. And be и further enacted, That every such association shall at all times have on hand, in lawful money of the United States, an amount equal to at least twenty-five per centum of the aggregate amount of its outstanding notes of circulation and its deposits,...
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"Greenbacks": Or, the Evils and the Remedy of Using "Promise to Pay the ...

Observer - Currency question - 1864 - 30 pages
...The National •Currency Act, Sec. 41, requires "'that every such Association shall at all times have on hand, in lawful money of the United States, an amount equal to at least twenty-five per centum of the aggregate amount of the outstanding notes (pledge tickets) of circulation...
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The Fortnightly Review, Volume 4; Volume 6

England - 1866 - 784 pages
...American law compelling each issuing bank to have at all times on hand, " in lawful money of the 1'nited States, an amount equal to at least 25 per cent, of...amount of its outstanding notes of circulation and its deposits," nor by any other law framed on the same principle. This is a law which, far from steadying,...
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The Voter's Text Book: Comprising a Collection of the Most Important ...

James M. Hiatt - United States - 1868 - 438 pages
...interest. SEC. 31. That every association in the cities hereinafter named shall, at all times, have on hand, in lawful money of the United States, an amount equal to at least twenty-five per centum of the aggregate amount of its notes in circulation and its deposits; and every...
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An Analytical Digest of the Laws of the United States, Volume 2

Frederick Charles Brightly - Law - 1869 - 680 pages
...of its notes in circulation and its deposits ; and every other association shall, at all times, have ith the original states in all respects whatsoever. 13. The said state of fifteen per centum of the aggregate amount of its notes in circulation, and of its deposits. And whenever...
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The American Annual Cyclopedia and Register of ..., Volume 5; Volume 1865

Encyclopedias and dictionaries - 1869 - 876 pages
...York, Albany, Leavenworth, San Francisco, and Washington City (Charleston and Richmond), must keep on hand, in lawful money of the United States, an amount equal to twenty-five (25) per t Partly estimated. cent, of their circulation and deposits ; all otters an amount...
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