Supplementary Bond Legislation ...: Hearing ... September 12, 19181918 - 39 pages |
From inside the book
Results 1-5 of 11
Page 4
... believe that that course was wise and that the arguments advanced in favor of it were sound . It will not do , however , to press any theory , however sound , to an extremity , and it is obvious that as a practical matter we can not ...
... believe that that course was wise and that the arguments advanced in favor of it were sound . It will not do , however , to press any theory , however sound , to an extremity , and it is obvious that as a practical matter we can not ...
Page 5
... believe that , on the whole , the wise and expedient thing is to grant a limited exemption calculated to counterbalance the increase in surtax rates now contemplated , and which I believe will be only temporary , rather than to increase ...
... believe that , on the whole , the wise and expedient thing is to grant a limited exemption calculated to counterbalance the increase in surtax rates now contemplated , and which I believe will be only temporary , rather than to increase ...
Page 6
... believe it is highly desirable at this time that the President should be empowered to investigate , regulate , or prohibit not only the export or ear- marking of gold or silver coin or bullion or currency but also the hoarding or ...
... believe it is highly desirable at this time that the President should be empowered to investigate , regulate , or prohibit not only the export or ear- marking of gold or silver coin or bullion or currency but also the hoarding or ...
Page 7
... believe that there is in the record of the hear- ing on the fourth bond bill a copy of a letter which the Secretary wrote to the banks and trust companies of the United States , asking them to subscribe for Treasury certificates of ...
... believe that there is in the record of the hear- ing on the fourth bond bill a copy of a letter which the Secretary wrote to the banks and trust companies of the United States , asking them to subscribe for Treasury certificates of ...
Page 10
... believe , anticipated that they would sell two billions in 1918 , but the Treasury has always been very conservative in its own calculations , because when you under- take to produce the money from the sale of securities in denomina ...
... believe , anticipated that they would sell two billions in 1918 , but the Treasury has always been very conservative in its own calculations , because when you under- take to produce the money from the sale of securities in denomina ...
Common terms and phrases
Argentina August August 20 authorized believe billion bond bill bondholders bonds and certificates borrow capital and surplus cent certificates of indebtedness CHAIRMAN CLAUDE KITCHIN Comptroller Currency earmark estimated exceed exchange exemption from surtaxes expenditures Federal reserve banks Federal reserve district FORDNEY fourth liberty loan fourth loan FRANKLIN GARNER gold Government bonds holders income and profits income taxes increase India issued in anticipation LEFFINGWELL liberty bonds liberty loan converted limit loan organization LONGWORTH maturity value means MOORE national war savings necessary notes secured Ohio payable payment pesetas profits taxes Quota RAINEY rate of interest Results of third rules and regulations savings committee savings organization Secretary McAdoo secured by liberty situation sold Spain STERLING subscribed surtax rates taxation taxpayer third Liberty loan tion Total TREADWAY Treasury certificates Treasury Department United States dollar Vanderlip war-savings certificates war-savings stamps wise
Popular passages
Page 38 - States, shall (except to the extent permitted by rules and regulations prescribed by the Comptroller of the Currency, with the approval of the Secretary of the Treasury) be subject under this section to a limitation of 15 per centum of such capital and surplus in addition to such 10 per centum of such capital and surplus.
Page 37 - But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed.
Page 18 - Any and all notes, debentures, bonds or other such obligations issued by the corporation shall be exempt both as to principal and Interest from all taxation (except surtaxes, estate, inheritance, and gift taxes) now or hereafter imposed by the United States, by any territory, dependency or possession thereof, or by any state, county, municipality or local taxing authority.
Page 19 - ... and war-profits taxes, now or hereafter imposed by the United States, upon the income or profits of individuals, partnerships, corporations, or associations. The interest on an amount of such bonds the principal of which does not exceed in the aggregate...
Page 18 - Corporation shall be exempt, both as to principal and interest, from all taxation now or hereafter imposed by the United States, any State, or any of the possessions of the United States...
Page 34 - That the President may investigate, regulate, or prohibit, under such rules and regulations as he may prescribe, by means of licenses or otherwise, any transactions in foreign exchange, export or ear-markings of gold or silver coin or bullion or currency...
Page 38 - That the total liabilities to any association, of any person, or of any company, corporation, or firm for money borrowed, including in the liabilities of a company or firm the liabilities of the several members thereof, shall at no time exceed one-tenth part of the amount of the capital stock of such association actually paid in...
Page 19 - General provisions. As fiscal agents of the United States, Federal Reserve Banks are authorized and requested to perform any necessary acts under this circular.
Page 6 - The idea that a special exemption should be granted to foreign investors in United States bonds first appeared in section 3 of the Fourth Liberty Bond Act of July 9, 1918, 40 Stat. 845. This provided : "SEC. 3. That notwithstanding the provisions of the Second Liberty Bond Act, as amended by the Third Liberty Bond Act, or of the War Finance Corporation Act, bonds and certificates of indebtedness of the United States payable in any foreign money or foreign moneys, and bonds of the War Finance Corporation...
Page 3 - JOSEPH W. FORDNEY, Michigan. J. HAMPTON MOORE, Pennsylvania. WILLIAM R. GREEN, Iowa. CHARLES H. SLOAN, Nebraska. NICHOLAS LONGWORTH, Ohio. GEORGE W. FAIRCHILD, New York. JOHN A. STERLING, Illinois. WHITMELL P. MARTIN, Louisiana. WILLIS C. HAWLEY, Oregon. ALLEN T. TREADWAY, Massachusetts.