Annual Report of the Secretary of the Treasury on the State of the Finances for the Year ...U.S. Government Printing Office, 1876 - Finance, Public |
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Page ix
... payment of the debt . The sixth section of the act of July 14 , 1870 , also required that , in addition to other amounts to be applied to the redemption or pay- ment of the public debt , an amount equal to the interest on all bonds ...
... payment of the debt . The sixth section of the act of July 14 , 1870 , also required that , in addition to other amounts to be applied to the redemption or pay- ment of the public debt , an amount equal to the interest on all bonds ...
Page xii
... PAYMENTS . In March , 1869 , by an act entitled " An act to strengthen the public credit , " the faith of the United States was " solemnly pledged to the payment in coin or its equivalent , of all the obligations of the United States ...
... PAYMENTS . In March , 1869 , by an act entitled " An act to strengthen the public credit , " the faith of the United States was " solemnly pledged to the payment in coin or its equivalent , of all the obligations of the United States ...
Page xiii
... payment of debts , ” and as irredeemable and inconvertible paper currency is essentially repugnant to the prinei- ples of the Constitution and the traditional policy of the American people , it is obviously incumbent on the Government ...
... payment of debts , ” and as irredeemable and inconvertible paper currency is essentially repugnant to the prinei- ples of the Constitution and the traditional policy of the American people , it is obviously incumbent on the Government ...
Page xiv
... payment as part of the public debt , and by the judgment of the Supreme Court of the United States . At the close of ... pay- ments is not only declared , but a monetary system for the United States clearly indicated , with provisions ...
... payment as part of the public debt , and by the judgment of the Supreme Court of the United States . At the close of ... pay- ments is not only declared , but a monetary system for the United States clearly indicated , with provisions ...
Page xviii
... PAYMENT OF GOVERNMENT OBLIGATIONS IN COIN . The report of the Director of the Mint shows that , notwithstanding the silver dollar occupied in law , prior to April 1 , 1873 , the position of an unlimited legal tender , gold has , for ...
... PAYMENT OF GOVERNMENT OBLIGATIONS IN COIN . The report of the Director of the Mint shows that , notwithstanding the silver dollar occupied in law , prior to April 1 , 1873 , the position of an unlimited legal tender , gold has , for ...
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Common terms and phrases
&c.-Continued 00 1 deputy act of June act of March Amount expended appropriation authorized Balance bonds Cape capital cent circulation clerk coast coinage collector and inspector Congress consul Contingent expenses custom-house December 31 Delaware deposits deputy collector eastern district ended June 30 expenditures fiscal year 1876 fiscal year ended fractional currency fund gold Harbor interest issue January Jersey July Lake Lake Michigan Lake Superior last fiscal late collector legal tender liabilities life-saving stations light-house light-station loan manufactures March 31 Massachusetts Michigan National Bank North Carolina number of lives number of persons October Ohio outstanding Pacific paid payment post-office public moneys Quarter ended re-imbursement receipts receiver of public redeemed redemption Refund of duty repairs Rhode Island River Saint Salaries Schr Secretary Sept September 30 Shoal Stat statement Statutes surfmen Tennessee tion Total amount Total number United United States notes vessels Virginia York
Popular passages
Page 128 - An act to repeal the State tax on real and personal property, and to continue and extend the improvements of the State by railroads and canals, and to charter a State Bank, to be called the United States Bank.
Page xii - And the United States also solemnly pledges its faith to make provision at the earliest practicable period for the redemption of the United States notes in coin.
Page xii - ... the faith of the United States is solemnly pledged to the payment in coin or its equivalent of all the obligations of the United States...
Page 631 - ... the executive branch of the government, and be subject to revision only by Congress or the proper courts. The head of the proper department, before signing a warrant for any balance certified to him by a Comptroller, may, however, submit to such Comptroller any facts in his judgment affecting the correctness of such balance, but the decision of the Comptroller thereon shall be final and conclusive, as hereinbefore provided.
Page 303 - That the proportional value of gold to silver in all coins which shall by law be current as money within the United States, shall be as fifteen to one, according to quantity in weight, of pure gold or pure silver; that is to say, every fifteen pounds weight of pure silver shall be of equal value in all payments, with one pound weight of pure gold, and so in proportion as to any greater or less quantities of the respective metals.
Page 285 - ... legal tender at their nominal value for any amount not exceeding five dollars in any one payment.
Page xxii - That any association organized under this act, or any of the acts of which this is an amendment, desiring to withdraw its circulating notes, in whole or in part, may, upon the deposit of lawful money with the Treasurer of the United States in sums of not less than nine thousand dollars, take up the bonds which said association has on deposit with the Treasurer for the security of such circulating...
Page 138 - In case of the insolvency of any bank or banking association, the billholders thereof shall be entitled to preference, in payment, over all other creditors of such bank or association.
Page ix - July, 1862, which is to be set apart as a sinking fund, and the interest of which shall in like manner be applied to the purchase or payment of the public debt as the Secretary of the Treasury shall from time to time direct.
Page 138 - The Legislature shall have no power to pass any act granting any special charter for banking purposes; but corporations or associations may be formed for such purposes under general laws.