A History of Currency in the United StatesMacmillan Company, 1915 - 552 páginas |
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Página 11
... Congress , and that issued by the States and Congress jointly . Of course the colonial currency was continued by refunding and otherwise . The notes of the colony of Pennsylvania suffered comparatively little depreciation . New Jersey ...
... Congress , and that issued by the States and Congress jointly . Of course the colonial currency was continued by refunding and otherwise . The notes of the colony of Pennsylvania suffered comparatively little depreciation . New Jersey ...
Página 13
... Congress , and therefore the issue of Continental currency was authorized at the very inception of this national movement , May 10 , 1775.1 These notes were made full legal tender by Congress and even- tually by all the States ...
... Congress , and therefore the issue of Continental currency was authorized at the very inception of this national movement , May 10 , 1775.1 These notes were made full legal tender by Congress and even- tually by all the States ...
Página 15
... Congress , and have also endeavored to depreciate their currency , for which detest- able conduct I have deservedly been confined in the jail of this county by the committee of said county , but being now fully convinced of the heinous ...
... Congress , and have also endeavored to depreciate their currency , for which detest- able conduct I have deservedly been confined in the jail of this county by the committee of said county , but being now fully convinced of the heinous ...
Página 16
... Congress under- took to fix the price of labor , the charges of innkeepers , the price of articles manufactured or imported , indeed of everything except military stores . The winter at Valley Forge was suc- ceeded by a spring of great ...
... Congress under- took to fix the price of labor , the charges of innkeepers , the price of articles manufactured or imported , indeed of everything except military stores . The winter at Valley Forge was suc- ceeded by a spring of great ...
Página 17
... Congress imprinted on the back . On the 31st of May , 1781 , by Act of Congress , Continental bills ceased to circulate as money , and provision was made for refunding the same , but they were bought for speculation there- after at from ...
... Congress imprinted on the back . On the 31st of May , 1781 , by Act of Congress , Continental bills ceased to circulate as money , and provision was made for refunding the same , but they were bought for speculation there- after at from ...
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Términos y frases comunes
adopted amount authorized bank circulation bill bimetallic branches bullion cash cent central reserve charter clearing-house coinage of silver commercial committee Comptroller Congress Constitution contracts currency system debt declared demand Democrats deposits depreciated directors discount equal exchange exports favor Federal reserve bank Federal Reserve Board Federal reserve notes Finance Reports free coinage fund gold and silver gold coin gold reserve gold standard greenbacks House increased interest Latin Union lawful money legal tender notes legislation loans measure member banks ment Monetary national bank-notes National Monetary Commission note-issues paid paper currency paper money party passed payable premium President prohibited purchase question ratio received redeem redemption regional reserve associations Reichsbank repeal Republicans reserve cities resumption retirement revenues Secretary securities Senate silver certificates silver dollars surplus tion Treasury notes United States bonds United States notes volume vote York
Pasajes populares
Página 28 - ... 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.
Página 80 - ... 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...
Página 529 - Third. Bills of exchange or drafts drawn against money actually on deposit to the credit of the association, or due thereto. Fourth. Liabilities to the stockholders of the association for dividends and reserve profits.
Página 81 - ... would have been to change entirely the character of the instrument and give it the properties of a legal code. It would have been an unwise attempt to provide, by immutable rules, for exigencies which, if foreseen at all, must have been seen dimly, and which can be best provided for as they occur. To have declared that the best means shall not be used, but those alone, without which the power given would be nugatory, would have been to deprive the legislature of the capacity to avail itself of...
Página 80 - Although, among the enumerated powers of government, we do not find the word " bank " or " incorporation," we find the great powers to lay and collect taxes; to borrow money ; to regulate commerce ; to declare and conduct a war, and to raise and support armies and navies. The sword and the purse, all the external relations, and no inconsiderable portion of the industry of the nation, are intrusted to its government.
Página 544 - If any clause, sentence, paragraph, or part of this Act shall for any reason be adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair, or invalidate the remainder of this Act, but shall be confined in its operation to the clause, sentence, paragraph, or part thereof directly involved in the controversy in which such judgment shall have been rendered.
Página 80 - 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.
Página 533 - In order to furnish suitable notes for circulation as Federal Reserve notes, the Comptroller of the Currency shall, under the direction of the Secretary of the Treasury...
Página 24 - Government created by this compact was not made the exclusive or final judge of the extent of the powers delegated to itself; since that would have made its discretion, and not the Constitution, the measure of its powers...
Página 541 - The shareholders of every national banking association 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...