Congressional Currency: An Outline of the Federal Money System |
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Congressional Currency: An Outline of the Federal Money System (Classic Reprint) Armistead Churchill Gordon No preview available - 2017 |
Common terms and phrases
amount authority bank issues bank of issue bill Bland-Allison act cent circulating medium coinage of silver Congress Constitution currency certificates denominations deposit enactment ernment existence Federal free coinage gold and silver gold certificates gold coin gold reserve government bonds government's greenbacks gress History of Banking House Independent Treasury July 12 Lalor's Cyclopędia legal tender legal tender notes legal-tender legislation loan ment millions Money in Politics National Bank act national bank notes Octavo paper currency paper money passage payable purpose redeemed redemption reissued rency repeal Report Resumption act resumption of specie revenue Secretary Senate Sherman act Sherman Treasury notes silver bullion silver certificates silver coin specie payments standard silver dollar Sub-Treasury subsequent Supreme Court Theory and History tificates tion tional bank Treas Treasury Department United States notes United States Treasury Upton Veazie Bank Walter Bagehot
Popular passages
Page 201 - Every National banking association, State bank, or State banking association, shall pay a tax of ten per centum on the aliiount of notes of any person, State bank, or State banking association used for circulation, and paid out by them...
Page 187 - And it is hereby further declared that the efforts of the Government should be steadily directed to the establishment of such a safe system of bimetallism as will maintain at all times the equal power of every dollar coined or issued by the United States, in the markets and in the payment of debts.
Page 187 - And It Is hereby declared to be the policy of the United States to continue the use of both gold and silver as standard money, and to coin both gold and silver into money of equal Intrinsic and exchangeable value...
Page 202 - Having thus, in the exercise of undisputed constitutional powers, undertaken to provide a currency for the whole country, it cannot be questioned that Congress may constitutionally secure the benefit of it to the people by appropriate legislation.
Page 199 - It appears to us to follow, as a logical and necessary consequence, that Congress has the power to issue the obligations of the United States in such form, and to impress upon them such qualities as currency for the purchase of merchandise and the payment of debts, as accord with the usage of Sovereign governments.
Page 112 - It being the established policy of the United States to maintain the two metals on a parity with each other upon the present legal ratio, or such ratio as may be provided by law.
Page 199 - A constitution, establishing a frame of government, declaring fundamental principles, and creating a national sovereignty, and intended to endure for ages and to be adapted to the various crises of human affairs, is not to be interpreted with the strictness of a private contract.
Page 125 - July 14, 1890, are legal tender for all debts, public and private, except where otherwise expressly stipulated in the contract. United States notes are legal tender for all debts, public and private, except duties on imports and interest on the public debt.
Page 58 - The place where its operations of discount and deposit are to be carried on, designating the State, Territory, or district, and the particular county and city, town, or village.
Page 162 - ... shall be received at par in all parts of the United States in payment of taxes, excises, public lands, and all other dues to the United States, except for duties on imports; and also for all salaries and other debts and demands owing by the United States to individuals, corporations, and associations within the United States, except interest on the public debt, and in redemption of the national currency.