Supplementary Bond Legislation ...: Hearing ... September 12, 19181918 - 39 pages |
From inside the book
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Page 5
... certificates of indebtedness , which involves often international complications , and may not obtain banking credits nor operate as freely as may be necessary in the effort to stabilize exchange . Notwithstanding these restrictions ...
... certificates of indebtedness , which involves often international complications , and may not obtain banking credits nor operate as freely as may be necessary in the effort to stabilize exchange . Notwithstanding these restrictions ...
Page 6
... indebtedness , issued in anticipation of the fourth Liberty loan , and there will be outstanding probably before October 24 , when the subscriptions will close at the Federal reserve banks , some $ 4,750,000,000 of Treasury certificates ...
... indebtedness , issued in anticipation of the fourth Liberty loan , and there will be outstanding probably before October 24 , when the subscriptions will close at the Federal reserve banks , some $ 4,750,000,000 of Treasury certificates ...
Page 7
... certificates of indebtedness with a short maturity . Mr. MOORE . To whom ? Mr. LEFFINGWELL . Primarily to the banks and trust companies of the United States . I believe that there is in the record of the hear- ing on the fourth bond ...
... certificates of indebtedness with a short maturity . Mr. MOORE . To whom ? Mr. LEFFINGWELL . Primarily to the banks and trust companies of the United States . I believe that there is in the record of the hear- ing on the fourth bond ...
Page 8
... certificates in the history of the war . Mr. GARNER . If an individual wants to buy these certificates he goes to his bank ; in other words , you can go into the Riggs National Bank to - day and say , " I want a certificate of indebtedness ...
... certificates in the history of the war . Mr. GARNER . If an individual wants to buy these certificates he goes to his bank ; in other words , you can go into the Riggs National Bank to - day and say , " I want a certificate of indebtedness ...
Page 9
... certificates of indebtedness ? Mr. LEFFINGWELL . That money has already been spent , and that $ 5.000,000,000 will be represented by short - term liabilities . Mr. GARNER . He asks whether you are going to have subscriptions to bonds ...
... certificates of indebtedness ? Mr. LEFFINGWELL . That money has already been spent , and that $ 5.000,000,000 will be represented by short - term liabilities . Mr. GARNER . He asks whether you are going to have subscriptions to bonds ...
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.