Credit and its usesD. Appleton, 1906 - 361 pages |
Common terms and phrases
ability accounts advantage amount assets attorneys banker banking credit bankrupt basis better bills of exchange bonds borrow bureaus cash character cial claim collateral collection collection agency commercial credit concern considerable considered coöperative credit department credit information credit insurance credit men credit office credit risk credit system creditors dealers debtor debts demand depend desire discount draft economic effect elements especially extended fact failure funds give Government Henry Dunning Macleod individual credit industrial inquiry interest investigation investment involved jobber large number loan loss Macleod matter means ment mercantile agencies merchant methods nature necessary necessity opinion paper payment percentage person practice productive profit promissory note purchase question railroad reason reference regard reports represent salesmen says secure selling statement system of credit tion trade transactions utilized Walter Bagehot wealth Yokohama Specie Bank
Popular passages
Page 314 - ... at any time subsequent to the first day of the four months immediately preceding the filing of the petition, transferred, removed, destroyed, or concealed, or permitted to be removed, destroyed, or concealed any of his property with intent to hinder, delay, or defraud his creditors...
Page 314 - A discharge in bankruptcy shall release a bankrupt from all of his provable debts, except such as (1) are due as a tax levied by the United States, the State, county, district, or municipality in which he resides; (2) are liabilities for obtaining property by false pretenses or false representations...
Page 312 - ... any corporation engaged principally in manufacturing, trading, printing, publishing, mining, or mercantile pursuits, owing debts to the amount of one thousand dollars or over, may be adjudged an involuntary bankrupt...
Page 21 - Credit, in short, has exactly the same purchasing power with money; and as money tells upon prices not simply in proportion to its amount, but to its amount multiplied by the number of times it changes hands, so also does credit ; and credit transferable from hand to hand is in that proportion more potent, than credit which only performs one purchase.
Page 312 - States as a holiday or as a day of public fasting or thanksgiving; (15) a person shall be deemed insolvent within the provisions of this act whenever the aggregate of his property, exclusive of any property which he may have conveyed, transferred, concealed, or removed, or permitted to be concealed or removed, with intent to defraud, hinder or delay his creditors, shall not, at a fair valuation, be sufficient in amount to pay his debts...
Page 45 - In answer to this statement it may be observed, first, that the notes given in consequence of a real sale of goods cannot be considered as on that account certainly representing any actual property. Suppose that A sells 1001. worth of goods to B at six months...
Page 315 - ... (3) have not been duly scheduled in time for proof and allowance, with the name of the creditor if known to the bankrupt, unless such creditor had notice or actual knowledge of the proceedings in bankruptcy; or (4) were created by his fraud, embezzlement, misappropriation, or defalcation while acting as an officer or in any fiduciary capacity.
Page 312 - Any natural person, except a wage-earner or a. person engaged chiefly in farming or the tillage of the soil, any unincorporated company, and any corporation engaged principally in manufacturing, trading, printing, publishing or mercantile pursuits, owing debts...
Page 314 - Interest a reasonable opportunity to be fully heard, and Investigate the merits of the application and discharge the applicant unless he has (1) committed an offense punishable by Imprisonment as herein provided; or (2) with intent to conceal his financial condition, destroyed, concealed, or failed to keep books of account or records from which such condition might be ascertained...
Page 136 - ... in its own till beyond what is wanted for daily purposes. All London banks keep their principal reserve on deposit at the Banking Department of the Bank of England. This is by far the easiest and safest place for them to use. The Bank of/ England thus has the responsibility of taking care of it. The same reasons which make it desirable for a private person to keep a banker make it also desirable for every banker, as respects his reserve, to bank with another banker if he safely can. The custody...