Louisiana Reports; Cases Argued and Determined in the Supreme Court of Louisiana Volume 1-2 (Paperback)

This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1811 edition. Excerpt: ...as such, is simply to derive the largest 'possible come from the capital he has invested in the stock. 5 RING_ 18 1This is effected by the discount of negotiable Flrst Dlsinch paper, at a permitted interest, to as great an ex-AMELuNos' tent as their capital will allow. As incident to, SYSZICS and with the view of enabling themselves to ex. BANK U. 3. tend, their operations of discounting, the bank is made, a safe and convenient place of deposit, where they receive money, bullion, plate, &c.' to be kept according to the practice of banks, and as is-contemplated, and, perhaps, even required by the act of incorporation. _ 1 Laws 0/' U. S. ' 1;. 289, sec. 10. lb. p. 292, sect. 15. 'So far as the receiving of deposits by the bank is not exacted by the law-the motive of the corporation in taking the charge of receiving them, can be ' only to obtain a more extended fund with which to carry on' their banking operations-and it appears, that the bank does actually enlarge its discounts beyond 'the amount that its own capital alone would justify, in a certain proportion' to ' the average sum total of the deposits in its vaults. And the value, it sets on the receipt of these de-_ posits, appears in this, that it will measure its discounts with a rather more sparing hand to those, who are in the practice of diverting their deposits into 'other banks, than it uses to its standing customers. ON the other hand, every customer of the bank, as he must occasionally need its aid, must ' be desirous of augmenting, as much as possible, as: cA-sns IN THE summon coqnr Srnwd '8"-his credit with it. And his deposits, so far atleast First District... as they are made m one bank in preference to AMEWNGB'..."