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Supplement to Magee on Banks and Banking; The Federal Reserve ACT Approved by Congress December 23, 1913, Arranged Into Paragraphs with Foot Notes, Ta

Supplement to Magee on Banks and Banking; The Federal Reserve ACT Approved by Congress December 23, 1913, Arranged Into Paragraphs with Foot Notes, Ta

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Описание
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated.1914 Excerpt: ... This supplement containing.fhe contpete Currency Act passed by Congress, December 23, 1ST3, and" designated as the "Federal Reserve Act," is prepared and. presented as an appendix to the work of "Magee on Banks and Ba#Jring/.'.2nd edition, published and issued in 1913, immediacy" precjeding the passage of the Act. ...-: The publication is arranged into paragraphs with numbers and notes (which numbers and notes are no part of the act itself), referring to all the national bank acts, applicable thereto or repealed or in any way modified and affecting the subject of banking and currency; with a complete cross reference to all the subjects discussed and authorities cited in Magee on Banks and Banking, 2d edition, which by reference and comparison therewith, it will be demonstrated that the "Federal Reserve Act," does not, and is not intended to repeal or destroy the well established laws, rules and customs, governing and controlling the business of banking. The "Federal Reserve Act" does not unsettle by any of its provisions and requirements through enforcement thereof, any of the fundamental principles of banking law, which the courts: have from time to time so judiciously and wisely settled. By a careful study and review of the provisions of the Act, ifc must be observed that Congress has enacted a measure intended to regulate the more equal distribution of money in its uses and benefits to commerce throughout all sections of the United States, and to destroy centralized reserves. The law justly preserves and establishes as a principle of reserved right, the vested power of the government to fully control the business of banking. Therefore with a purpose of more fully demonstrating the provisions of the new act, and showing its applications to the laws previo...