State Banking in the West from the Panic of 1837 to the Civil War

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University of Wisconsin--Madison, 1925 - 158 páginas
 

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Página 78 - The Legislature, shall have no power to pass any act granting any special charter for banking purposes ; but corporations or associations may be formed for such purposes under general laws.
Página 77 - No act of the General Assembly authorizing or creating corporations or associations, with banking powers, whether of issue, deposit or discount, nor amendments thereto, shall go into effect or in any manner be in force, unless the same shall be submitted to a vote of the...
Página 77 - The legislature shall have no power to pass any act granting any charter for banking purposes ; but associations may be formed under general laws for the deposit of gold and silver, but no such association shall make, issue, or put in circulation any bill, check, ticket, certificate, promissory note, or other paper, or the paper of any bank, to circulate as money.
Página 78 - The legislature of this state shall prohibit by law any person or persons, association, company, or corporation from exercising the privileges of banking or creating paper to circulate as money.
Página 79 - The legislature may submit to the voters, at any general election, the question of 'bank' or 'no bank,' and if at any such election a number of votes equal to a majority of all the votes cast at such election on that subject shall be in favor of banks, then the legislature shall have power to grant bank charters, or to pass a. general banking law, with such restrictions and under such regulations as they may deem expedient and proper for the security of the bill holders.
Página 78 - ... provided, that no such grant or law shall have any force or effect until the same shall have been submitted to a vote of the electors of the state at some general election, and been approved by a. majority of the votes cast on that subject at such election.
Página 78 - The Legislature of this State shall prohibit, by law, any person or persons, association, company or corporation, from exercising the privileges of banking, or creating paper to circulate as money.
Página 77 - No State Bank shall hereafter be created, nor shall the State own or be liable for any stock in any corporation or joint stock company or association for banking purposes, now created, or to be hereafter created.
Página 23 - This was examined, and appeared to be a full box of American half dollars. One of the Commissioners then selected a box, which he opened, and found the same to contain a superficies only of silver, while the remaining portion consisted of lead and tenpenny nails. The Commissioners then proceeded to open the remaining seven boxes. They presented the same contents precisely, with a single exception, in which the substratum was window glass broken into small pieces" (Sumner,
Página 24 - ... whither it was going. Such were a few of the difficulties against which the Commissioners had to contend. The vigilance of a regiment of them would have been scarcely adequate against the host of bank emissaries who scoured the country to anticipate their coming, and the indefatigable spies who hung upon their path, to which may be added perjuries, familiar as dicers' oaths, to baffle investigation.

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