moneyed capital

shares of stock or other interests owned by individuals in all enterprises in which the capital employed in carrying on its business is money, where the object of the business is the making of profit by its use as money. The moneyed capital thus employed is invested for that purpose in securities by way of loan, discount, or otherwise, which are from time to time, according to the rules of the business, reduced again to money and reinvested. It includes money in the hands of individuals employed in a similar way, invested in loans, or in securities for the payment of money, either as an investment of a permanent character, or temporarily with a view to sale or repayment and reinvestment. In this way the moneyed capital in the hands of individuals is distinguished from what is known generally as personal property.

In a statute with reference to taxation of national bank stock. It is held to mean money employed in a business whose object is to make profit by investing in securities by way of loan, discount or otherwise, which from time to time are reduced again to money and reinvested. Mercantile Nat. Bank of Cleveland T. Shields, 69 Fed. 952. The term has a more limited meaning than the term personal property, and applies to such capital as is readily solvable in money; Mercantile Nat. Bank v. City of New York, 28 Fed. 777.

This term has a mpre limited meaning than the term "personal property," and applies to such capital as is readily solvable in money. Mercantile Nat. Bank v. New York, 121 U. S. 138, 7 Sup. Ct. 826, 30 L. Ed. 895.

Defined under Money in Black's Law Dictionary.

This term has a more limited meaning than the term “personal property,” and applies to such capital as ig readily solvable in money, 28 Fed. Rep. 776.