10 Jahre Wiederaufbau

Répertoire des administrateurs & commissaires de société, des banques, banquiers et agents de change de France et de Belgique

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Monograph

Identifikator:: 1768152721

URN:: urn:nbn:de:zbw-retromon-148079

Document type:: Monograph

Title:: 10 Jahre Wiederaufbau

Place of publication:: Wien

Publisher:: Wirtschaftszeitungs-Verlags-Ges. M.B.H.

Year of publication:: 1928

Scope:: 664 S.; Ill.

Digitisation:: 2021

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Österreichische Aussenpolitik 1918-1928 / von Konsul Norbert Bischoff

Collection:: Economics Books

ORGANIZATION AND EXPANSION 31 Not more than seven per cent was to be allowed as interest on deposits, and should any interest remain uncalled for two years after the death of a depositor it might be applied to the education of Negro children, and the principal was also to be so applied if not claimed within seven years. Persons connected with the institution directly or indirectly as trustees, officials, or employees were not to be allowed to borrow from it. None of the trustees was to receive any compensation except the president and the vice-presidents, who were supposed to give active service, and all salaries and the bonds of the officials were to be fixed by the trustees. The books of the bank were at all times to be open to the inspection of the agents of Congress. Such were the principal provisions of the Freedmen’s Bank charter. The law would seem to confine the business of the bank to the District of Columbia, and Congress certainly sointended, as was shown by the discussions in the House and in the Senate. On the other hand the docu- ments show that from the beginning the incor- porators meant to establish headquarters in New York City with branch banks in each southern state. There were in the act no penal clauses to bind the officials, and nothing definite was pro- vided in regard to their bonds. The trustees were not made liable personally, probably because of the quasi-charitable nature of their services, and because of the high character and prominence of some of the individuals involved. It was not then 3 Acts and Resolutions, 38 Cong., 2 Sess., p. 99; Fleming, Documentary on o Srronstucticn, 1, 382; Ho. Misc. Doc. No. 16, 43 Cong.,

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