History of Coinage and Currency in the United States and the Perennial Contest for Sound Money, Volume 10 |
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Page 29
... bill recommending that the gold coins be reduced in weight from 24.75 grains to 22.798 grains , that a seigniorage of 14.85 grains pure silver to the dollar be charged for coinage , and that the legal tender of silver coin below the ...
... bill recommending that the gold coins be reduced in weight from 24.75 grains to 22.798 grains , that a seigniorage of 14.85 grains pure silver to the dollar be charged for coinage , and that the legal tender of silver coin below the ...
Page 36
... bill for the continuation of the double standard at the ratio of 15.9 to 1 , altering the weight of the gold coins only . The The Sanford bill was ably supported in the committee's report1 which formed the basis of two reports to the ...
... bill for the continuation of the double standard at the ratio of 15.9 to 1 , altering the weight of the gold coins only . The The Sanford bill was ably supported in the committee's report1 which formed the basis of two reports to the ...
Page 37
... bill and recommendations.1 In May the banks of New York , under the lead of Gallatin , then president of one of them , sent a memorial to Congress asking for the enactment of a law to coin gold at the rate of 23.76 grains of pure and ...
... bill and recommendations.1 In May the banks of New York , under the lead of Gallatin , then president of one of them , sent a memorial to Congress asking for the enactment of a law to coin gold at the rate of 23.76 grains of pure and ...
Page 39
... bill which he had first introduced and adopted the " Spanish ratio . " John Q. Adams would vote for it , though he thought gold was overvalued , but if found to be so , the difference could be corrected thereafter.2 Speaking of the ...
... bill which he had first introduced and adopted the " Spanish ratio . " John Q. Adams would vote for it , though he thought gold was overvalued , but if found to be so , the difference could be corrected thereafter.2 Speaking of the ...
Page 40
... bill was introduced . In one week it became law , only thirty - six representatives and seven senators voting against it upon final passage . It is apparent that the action was taken from a desire to accomplish something quickly ...
... bill was introduced . In one week it became law , only thirty - six representatives and seven senators voting against it upon final passage . It is apparent that the action was taken from a desire to accomplish something quickly ...
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Common terms and phrases
Act of June Act of March aforesaid alloy amendment amount authorized bank circulation Bank of United bank-notes banking association bill bimetallism bonds bullion cent centum charter circulating notes clearing-house Comptroller Congress Constitution contracts copper demand denominations deposits directors duty equal established exceeding exchange exports favor February 25 Finance Reports foreign coins free coinage fund gold and silver gold coins gold standard grains greenbacks hereby History of Banking House increase issue July July 14 lawful money legal tender notes legislation less loans measure ment metals national bank note-issues officers paid passed payable payment President proportion public debt public money purchase purpose ratio received redeemed redemption regulations repealed Republicans resumption retired revenue Secretary seigniorage Senate silver certificates silver coins silver dollars sound money specie subtreasury surplus thereof tion Treasury notes United States notes vote weight York
Popular passages
Page 458 - ... to sue and be sued, plead and be impleaded, answer and be answered, defend and be defended, in courts of record, or any other place whatsoever : and also to make, have, and use a common seal, and the same to break, alter and renew, at their pleasure ; and also to...
Page 68 - ... for carrying them into execution. The word "necessary" is considered as controlling the whole sentence, and as limiting the right to pass laws for the execution of the granted powers to such as are indispensable, and without which the power would be nugatory...
Page 554 - That the value of foreign coin as expressed in the money of account of the United States shall be that of the pure metal of such coin of standard value; and the values of the standard coins in circulation of the various nations of the world shall be estimated quarterly by the Director of the Mint and be proclaimed by the Secretary of the Treasury quarterly on the 1st day of January, April, July, and October in each year.
Page 65 - States, namely, that every power vested in a government is in its nature sovereign, and includes, by force of the term, a right to employ all the means requisite and fairly applicable to the attainment of the ends of such power, and which are not precluded by restrictions and exceptions specified in the constitution, or not immoral, or not contrary to the essential ends of political society.
Page 505 - ... lawful money and a legal tender in payment of all debts, public and private, within the United States, except duties on imports and interest as aforesaid.
Page 493 - AN ACT providing for the sale of the lands of the United States in the Territory NORTHWEST of the Ohio, and above the mouth of the Kentucky river...
Page 515 - ... shall be held individually responsible, equally and ratably, and not one for another, for all contracts, debts, and engagements of such association to the extent of the amount of their stock therein at the par value thereof, in addition to the amount invested in such shares...
Page 574 - The value of foreign coin as expressed in the money of account of the United States shall be that of the pure metal of such coin of standard value; and the values of the standard coins in circulation of the various nations of the world shall be estimated annually by the Director of the Mint, and be proclaimed on the first day of January by the Secretary of the Treasury.
Page 459 - That in case it should at any time happen, that an election of directors should not be made on any day when, pursuant to this Act, it ought to have been made, the said corporation shall not, for that cause, be deemed to be dissolved, but...
Page 67 - The result is a conviction that the states have no power, by taxation or otherwise, to retard, impede, burden, or in any manner control the operations of the constitutional laws enacted by Congress to carry into execution the powers vested in the general government.