movelearn

Up To Date Business by Seymour Eaton

Eaton, Seymour, 1859-1916

Chapter 56: 3. The powers of the bank are limited to the discounting of promissory

Chapters

Chapter 1 Chapter 1
Chapter 2 2. If your indorsement is the first, write it about two inches from
Chapter 3 3. Do not indorse wrong end up; the top of the back is the left end of
Chapter 4 4. Write your name as you are accustomed to write it, no matter how it
Chapter 5 5. If you wish to make the cheque payable to some particular person by
Chapter 6 6. Do not carry around indorsed cheques loosely. Such cheques are
Chapter 7 7. If you receive a cheque which has been transferred to you by a
Chapter 8 8. An authorised stamped indorsement is as good as a written one.
Chapter 9 9. If you are indorsing for a company, or society, or corporation,
Chapter 10 10. If you have power of attorney to indorse for some particular
Chapter 11 11. It is sometimes permissible to indorse the payee's name thus,
Chapter 12 12. Do not write any unnecessary information on the back of your
Chapter 13 5. P of New York has sold goods, £1000, to G of Paris.
Chapter 14 3. The borrower's record and standing in the community and his
Chapter 15 5. The character of the merchandise owned by the borrower. What would
Chapter 16 1. Bills drawn by shippers on the houses to which the goods are
Chapter 17 2. Bills drawn by importers against commodities placed in brokers'
Chapter 18 7. One-name paper.
Chapter 19 1. What in a general sense is meant when we speak of the currency of a
Chapter 20 2. Enumerate some of the advantages afforded to the community and to
Chapter 21 3. A bank cheque is a demand order for money, drawn by one who has
Chapter 22 5. (_a_) A cheque has no date. Does this make it void? (_b_) How about
Chapter 23 6. How would you word a cheque to give to a person who is unknown at
Chapter 24 7. You are sending a cheque through the mails to John Brown,
Chapter 25 8. You identify A. B. at your bank. The cheque A. B. presented turns
Chapter 26 9. A. B. transfers a cheque to you by a blank indorsement. It is then
Chapter 27 10. What is meant by power-of-attorney? How should an attorney indorse
Chapter 28 11. If a note were about to be transferred to you by indorsement and
Chapter 29 12. Tell how you would receipt for a payment of a note. Why is not an
Chapter 30 13. Why are notes protested? Why is a formal protest sometimes desired
Chapter 31 14. If an indorser is compelled to pay a note, against whom has he a
Chapter 32 5. (_a_) Not necessarily so. (_b_) Such a cheque would under
Chapter 33 8. Yes.
Chapter 34 1867. The largest South African diamond yet found was worth $300,000,
Chapter 35 1. GREAT BRITAIN. Give as full an account as you can of the causes
Chapter 36 2. GREAT BRITAIN. England is said to be "a beehive of mercantile and
Chapter 37 3. GREAT BRITAIN. (_a_) Describe the foreign trade of Great Britain.
Chapter 38 4. FRANCE. (_a_) Describe the conditions which (1) conduce toward, and
Chapter 39 5. GERMANY. (_a_) Give an account of what Germany has accomplished in
Chapter 40 6. SPAIN AND ITALY. (_a_) Why are Spain, Italy, and Turkey sometimes
Chapter 41 7. RUSSIA. (_a_) Describe the social condition of the Russian people.
Chapter 42 8. INDIA. (_a_) Describe the present condition of the manufactures of
Chapter 43 9. CHINA. (_a_) Give an account of China's size, population, and trade
Chapter 44 10. JAPAN. (_a_) Describe the transformation which in recent times has
Chapter 45 1. AFRICA. (_a_) Describe the "partition of Africa." (_b_) Describe
Chapter 46 2. AUSTRALIA. (_a_) Describe Australia's "peculiarities." (_b_)
Chapter 47 3. SOUTH AMERICA. (_a_) Describe the social and political condition of
Chapter 48 4. CANADA. (_a_) Describe Canada's resources (1) in forest wealth, (2)
Chapter 49 5. THE UNITED STATES. (_a_) Describe the export trade of the United
Chapter 50 6. THE UNITED STATES. (_a_) Describe our cotton production and our
Chapter 51 1. Read the lessons as printed very carefully. The aim will be to give
Chapter 52 2. Books will not be necessary. The student, however, who wishes to
Chapter 53 3. Take up the papers of the course paragraph by paragraph and ask
Chapter 54 1. There is a bureau of the Treasury Department having charge of all
Chapter 55 2. Any number of persons, not less than five, may form an association
Chapter 56 3. The powers of the bank are limited to the discounting of promissory
Chapter 57 4. There can be no national banks anywhere of less capital than
Chapter 58 5. Shareholders are liable for the debts of the bank to an amount
Chapter 59 6. Each bank having a capital exceeding $150,000 must deposit in the
Chapter 60 7. Every bank in certain designated cities, called reserve cities,
Chapter 61 8. Each bank must keep on deposit in the treasury of the United States
Chapter 62 9. One tenth of the net profits must be carried to the surplus fund
Chapter 63 10. A bank must not lend more than one tenth of its capital to one
Chapter 64 11. Each bank must make to the comptroller not less than five reports
Chapter 65 12. Each bank must pay to the treasurer of the United States a tax
Chapter 66 13. Any gain arising from lost and destroyed notes inures to the
Chapter 67 14. The comptroller has the absolute appointment of all receivers and
Chapter 68 15. Over-certification of cheques is strictly prohibited, rendering
Chapter 69 16. National bank directors are by law individually liable for the
Chapter 70 2. Better facilities for borrowing. It is a common thing for a
Chapter 71 3. Limited agency of directors. A partner may pledge and sell the
Chapter 72 6. A retiring partner is still liable for existing debts. A
Chapter 73 1. Give some particulars in which the Bank of England differs from our
Chapter 74 2. A bank cheque is a demand order for money drawn by one who has
Chapter 75 3. You are sending a cheque through the mails to John Brown, Chicago.
Chapter 76 4. You identify A---- B---- at your bank. The cheque A---- B----
Chapter 77 5. What is meant by power of attorney? How should an attorney indorse
Chapter 78 6. What is a certified cheque? Brown gives A an ordinary cheque for
Chapter 79 7. Show how all the banks of the United States are connected through
Chapter 80 9. A national bank has a capital of half a million. A customer asks
Chapter 81 10. Give some particulars of the liabilities of the officers and
Chapter 82 11. What is meant by borrowing money on _collaterals_? How is this
Chapter 83 12. Tell how it is possible for a young man of good character, but
Chapter 84 13. When rates are high bankers prefer to deal in long-time paper.
Chapter 85 14. Account for the fact that London is the financial centre of the
Chapter 86 15. Explain in detail the business of a note broker, giving some
Chapter 87 16. Enumerate the leading items of resource and liability in a
Chapter 88 17. A bank receives from the comptroller of the treasury $100,000 in
Chapter 89 18. Discuss fully the points which should enter into a proper estimate
Chapter 90 19. Give the successive and necessary steps in the formation of a
Chapter 91 20. Why are companies which properly exist and belong in one State
Chapter 92 21. Explain very fully the difference as to resource and liability
Chapter 93 23. What is the difference between a voluntary association, such as a
Chapter 94 24. Explain very fully the meaning of _Limited_ when it forms part of
Chapter 95 25. Is it legal to sell shares of stock and issue mortgage bonds upon
Chapter 96 1. (_a_) Give some particulars in which the Bank of England differs
Chapter 97 2. (_a_) What is a stock certificate? How does it differ from a
Chapter 98 3. (_a_) What provision is usually made for the redemption of
Chapter 99 4. (_a_) Tell how you would receipt for a payment on a note. Why is
Chapter 100 5. (_a_) What are the advantages to the banks of a city of their
Chapter 101 6. (_a_) Enumerate some of the abuses of rate discrimination in the
Chapter 102 7. (_a_) Give the particulars in which a warehouse receipt resembles
Chapter 103 1. (_a_) What is a contract? (_b_) What is the difference between a
Chapter 104 2. (_a_) When is it necessary that contracts be in writing? (_b_) In
Chapter 105 3. (_a_) What are the different kinds of warranties? (_b_) Suppose A
Chapter 106 4. (_a_) What is the difference between a public and a private
Chapter 107 11. GREAT PRIMER.
Chapter 108 2. _The lower-case_ }
Chapter 109 10. [Illustration] Matter wrongly altered to remain as it was
Chapter 110 16. [Illustration] Something foreign between the lines, or a wrong-font
Chapter 111 17. [Illustration] Line to be indented one _em_ of its own body.
Chapter 112 4. _Foundry proofs._

Chapter 56: 3. The powers of the bank are limited to the discounting of promissory

notes, drafts, bills of exchange, and other evidences of debt; receiving deposits, dealing in exchange, coin, and bullion, loaning money on personal security, and issuing circulating notes. It cannot hold real estate except such as may be necessary for the transaction of its business, or such as may have been taken as security for debts previously contracted in good faith.

60 words

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