A History of Currency in the United StatesMacmillan Company, 1915 - 552 páginas |
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Página vii
... was demonetized , down to the gold standard act of 1900 ; the various international efforts in favor of the bi- metallic standard are likewise set forth . རིན་ ་ ན་ - The panic of 1907 showed the imperative necessity of PREFACE vii.
... was demonetized , down to the gold standard act of 1900 ; the various international efforts in favor of the bi- metallic standard are likewise set forth . རིན་ ་ ན་ - The panic of 1907 showed the imperative necessity of PREFACE vii.
Página viii
Alonzo Barton Hepburn. - The panic of 1907 showed the imperative necessity of improv- ing our credit and currency systems . The National Monetary Commission - Aldrich Commission — dealt with the subject ex- haustively and procured ...
Alonzo Barton Hepburn. - The panic of 1907 showed the imperative necessity of improv- ing our credit and currency systems . The National Monetary Commission - Aldrich Commission — dealt with the subject ex- haustively and procured ...
Página 75
... showed very lucidly how the system of discounts and credits and the use of checks operated to supplement the stock of coin and foster trade and commerce . He demonstrated that the organization of such a bank of issue would enable the ...
... showed very lucidly how the system of discounts and credits and the use of checks operated to supplement the stock of coin and foster trade and commerce . He demonstrated that the organization of such a bank of issue would enable the ...
Página 76
... the thing ; while the discretion of the government is the only measure of the extent of the emissions by its own authority . " State banks , he showed , could not serve the 76 A HISTORY OF CURRENCY IN THE UNITED STATES.
... the thing ; while the discretion of the government is the only measure of the extent of the emissions by its own authority . " State banks , he showed , could not serve the 76 A HISTORY OF CURRENCY IN THE UNITED STATES.
Página 77
Alonzo Barton Hepburn. State banks , he showed , could not serve the government as well as a federal corporation , being unable to furnish adequate security for public moneys , and not being amenable to Congress or federal authority . He ...
Alonzo Barton Hepburn. State banks , he showed , could not serve the government as well as a federal corporation , being unable to furnish adequate security for public moneys , and not being amenable to Congress or federal authority . He ...
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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...