The Science of Money and American Finances: Containing a Philosophy of Money in Accordance with Scientific Principles, and Adapted to the Wants and Civilization of the Age. Also, an Analysis and History of the Financial Operations of the Government ... |
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The Science of Money and American Finances: Containing a Philosophy of Money ... Luther Vanhorn Moulton No preview available - 2023 |
The Science of Money and American Finances: Containing a Philosophy of Money ... Luther VanHorn Moulton No preview available - 2015 |
Common terms and phrases
authorized bank notes Bank of England bank paper bankers barter base line bill bonds borrow bullion bushels cent certificates of deposit coin interest coin money coin value coinage Congress Constitution contraction convertible cost creditors debtors demand notes demonetized deposit depreciated diagram dollar duties ernment exchange export February 25 fractional currency funds further gold gold as money Government greenbacks hoarded holder Hugh McCulloch imports increase inflation issue labor legal tender less loans and discounts ment merchandise metal money power National Bank operations paid panic paper money payable in coin payment present principal production Public Credit act public debt received redeem redemption reduced regulate the value rency result resumption retiring rise scheme Secretary silver specie basis supply suspension taxation tion trade Treasury notes United States Bank United States notes value of coin value of money wheat
Popular passages
Page 257 - ... exempt from the payment of all taxes or duties of the United States, as well as from taxation in any form by or under State, municipal, or local authority...
Page 254 - An act to provide a National currency, secured by a pledge of United States bonds, and to provide for the circulation and redemption thereof," approved June third, eighteen hundred and sixty-four.
Page 270 - ... 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 243 - ... 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 262 - Treasury to prepare and provide for the redemption in this act authorized or required, he is authorized to use any surplus revenues, from time to time, in the Treasury, not otherwise appropriated, and to issue, sell, and dispose of, at not less than par, in coin...
Page 98 - It has been asserted by one of our profound and most gifted statesmen, that "of all the contrivances for cheating the laboring classes of mankind none has been more effectual than that which deludes them with paper money. This is the most effectual of inventions to fertilize the rich man's fields by the sweat of the poor man's brow.
Page 243 - They shall enter into articles of association, which shall specify in general terms .the object for which the association is formed, and may contain any other provisions, not inconsistent with law, which the association may see fit to adopt for the regulation of its business and the conduct of its affairs.
Page 270 - States is solemnly pledged to the payment in coin or its equivalent of all the obligations of the United States not bearing interest, known as United States notes, and of all the interest-bearing obligations of the United States, except in cases where the law authorizing the issue of any such obligation has expressly provided that the same may be paid in lawful money or other currency than gold and silver.
Page 98 - to coin money, regulate the value thereof, and of foreign coin,' and it also declares that 'no State shall coin money, emit bills of credit, or make anything but gold and silver coin a tender in payment of debts.
Page 263 - January 18, 1837, on which shall be the devices and superscriptions x provided by said act, which coins, together with all silver dollars heretofore coined by the United States, of like weight and fineness, shall be a legal tender at their nominal value for all debts and dues, public and private, except where otherwise expressly stipulated in the contract...