History of Coinage and Currency in the United States and the Perennial Contest for Sound Money, Volume 10 |
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Page 34
... . He set forth with great force the futility of endeavoring to maintain a bimetallic standard , and urged the adoption of a single standard , and that silver . He favored silver because contracts in the coun- 34 1830 TO 1860.
... . He set forth with great force the futility of endeavoring to maintain a bimetallic standard , and urged the adoption of a single standard , and that silver . He favored silver because contracts in the coun- 34 1830 TO 1860.
Page 35
Alonzo Barton Hepburn. silver . He favored silver because contracts in the coun- try had been for many years based upon the silver dol- lar , and also because no exact adjustment of the relation of the two metals could be maintained with ...
Alonzo Barton Hepburn. silver . He favored silver because contracts in the coun- try had been for many years based upon the silver dol- lar , and also because no exact adjustment of the relation of the two metals could be maintained with ...
Page 44
... contracts , be made a legal tender for the payment of debts , and that the gold thereafter would be the only legal tender . He said : " It is true that heretofore the laws of the United States have recognized the coin of either metal as ...
... contracts , be made a legal tender for the payment of debts , and that the gold thereafter would be the only legal tender . He said : " It is true that heretofore the laws of the United States have recognized the coin of either metal as ...
Page 60
... contracts . " Fresh from their experiences with continental paper currency , so disastrous to all , it would appear reasonable It was in a sense the successor of an informal banking association organized in Pennsylvania a few years ...
... contracts . " Fresh from their experiences with continental paper currency , so disastrous to all , it would appear reasonable It was in a sense the successor of an informal banking association organized in Pennsylvania a few years ...
Page 92
... contract to reasonable limits . On the other hand , the Boston redemption gave their notes a more extended circulation , and the people were not subjected to the onerous discounts which 1 Knox , History of Banking ; Sumner , History of ...
... contract to reasonable limits . On the other hand , the Boston redemption gave their notes a more extended circulation , and the people were not subjected to the onerous discounts which 1 Knox , History of Banking ; Sumner , History of ...
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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 depreciated directors duty equal established exceeding exchange exports favor February 25 foreign coins free coinage fund gold and silver gold coins gold standard grains greenbacks hereby History of Banking House increase issue July July 12 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 retirement revenue Secretary 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 ordain...
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 528 - Provided, That nothing in this act shall be construed to prevent all the shares in any of the said associations, held by any person or body corporate, from being included in the valuation of the personal property of such person or corporation in the assessment of taxes imposed by or under State authority at the place where such bank is located, and not elsewhere...
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 66 - If any one proposition could command the universal assent of mankind, we might expect it would be this : that the government of the Union, though limited in its powers, is supreme within its sphere of action.
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.