State Banks of Issue in IllinoisThe University, 1898 - 55 pages |
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State Banks of Issue in Illinois: The Henry H. Harris Banking Prize Essay ... Charles Hunter Garnett No preview available - 2018 |
Common terms and phrases
Alton amount assembly auditor auditor's report auditor's warrants bank commissioners bank debts bank notes Bank of Cairo bank of Illinois bank paper bank stock bank's banking institutions banking system BANKS OF ISSUE bills bonds borrowed branch banks brought canal capital stock cashier certificates of deposit charter Chicago circulation citizens City and Bank constitution corporation currency Davidson & Stuve's debtors debts due declared democrats depreciation due the bank election executing new notes Ford's History fund commissioners Galena Governor Carlin governor Ford HARRIS BANKING HENRY H History of Illinois hypothecated Illinois banks interest issue notes Kaskaskia legislation legislature liable liquidation loans Missouri non-residents old state bank passed pay their debts principal bank receive redemption revenue scheme securities shares Shawneetown bank six per cent specie payments speculation state's stockholders stocks deposited Stuve's History subscribed taxes thousand dollars tion treasury United Vandalia vote whigs
Popular passages
Page 53 - Every stockholder in a banking corporation or institution shall be individually responsible and liable to its creditors, over and above the amount of stock by him or her held, to an amount equal to his or her respective shares so held, for all its liabilities accruing while he or she remains such stockholder.
Page 44 - The stockholders in every corporation and joint-stock association for banking purposes issuing bank notes or any kind of paper credits to circulate as money, after the first day of January, one thousand eight hundred and fifty, shall be individually responsible to the amount of their respective share or shares of stock in any such corporation or association, for all its debts and liabilities of every kind...
Page 44 - 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 people at the general election next succeeding the passage of the same, and be approved by a majority of all the votes cast at such election for or against such law.
Page 53 - Any railroad company heretofore organized, or which may hereafter be organized, under the laws of this state, may within thirty days after the receipt of such statement by such county treasurer, pay the amount of tax so levied or assessed against it in such...
Page 53 - Assembly shall enact a general banking law, such law shall provide for the registry and countersigning, by an officer of State, of all paper credit designed to be circulated as money...
Page 43 - 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.
Page 4 - ... four shares above ten, and not exceeding thirty, one vote; for every six shares above thirty, and not exceeding sixty, one vote; for every eight shares above sixty, and not...
Page 44 - No act of the general assembly, authorizing associations with banking powers, shall take effect until it shall be submitted to the people, at the general election next succeeding the passage thereof, and be approved by a majority of all the electors, voting at such election.
Page 8 - Towns were laid out all over the country, and lots were purchased by every one on a credit; the town maker received no money for his lots, but he received notes of hand, which he considered to be as good as cash; and he lived and embarked in other ventures, as if they had been cash in truth.
Page 53 - ... the bank or banks owning said stocks shall be required to make up said deficiency by depositing additional stocks; and said law shall also provide for the recording of the names of all stockholders in such corporations, the amount of stock held by each, the time of any transfer, and to whom.