A History of Currency in the United StatesMacmillan Company, 1915 - 552 páginas |
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... ment and the same experience . Printing money was very easy and seemingly inexpensive , since it avoided taxes at the moment . It was in consequence carried to extremes , depreciated and was largely repudiated when it came to final ...
... ment and the same experience . Printing money was very easy and seemingly inexpensive , since it avoided taxes at the moment . It was in consequence carried to extremes , depreciated and was largely repudiated when it came to final ...
Página 1
... ment ; they brought little money , and from the outset the want of a currency to satisfy their meagre demands in trade was one of their great hardships . Barter was , of course , available , but to buy or sell and receive the equivalent ...
... ment ; they brought little money , and from the outset the want of a currency to satisfy their meagre demands in trade was one of their great hardships . Barter was , of course , available , but to buy or sell and receive the equivalent ...
Página 10
... ment ; in 1773 £ 12,000 for the erection of a lighthouse at Hen- lopen , and another issue of £ 6000 followed in 1775. A second issue in 1773 was for £ 150,000 and attempted unsuccessfully to restore the loan system . In this year ...
... ment ; in 1773 £ 12,000 for the erection of a lighthouse at Hen- lopen , and another issue of £ 6000 followed in 1775. A second issue in 1773 was for £ 150,000 and attempted unsuccessfully to restore the loan system . In this year ...
Página 17
... ment for this purpose . The notes were made full legal tender and refusal to accept them forfeited the debt and incurred other money penalties , pillory , imprisonment , loss of ears even , and being outlawed as enemies of their country ...
... ment for this purpose . The notes were made full legal tender and refusal to accept them forfeited the debt and incurred other money penalties , pillory , imprisonment , loss of ears even , and being outlawed as enemies of their country ...
Página 18
... ment in 1864 destroyed and drove out of circulation State bank- notes . The government can kill by its mandate , but it cannot create value ; it cannot breathe into substance of no inherent value , the quality of worth which commercial ...
... ment in 1864 destroyed and drove out of circulation State bank- notes . The government can kill by its mandate , but it cannot create value ; it cannot breathe into substance of no inherent value , the quality of worth which commercial ...
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adopted amount authorized bank circulation bank currency Bank of United banking system bill bimetallic bullion capital cash cent charter clearing-house coin payments coinage of silver commercial Comptroller Congress Constitution Continental currency contracts debt declared demand Democrats deposits depreciated discount exchange exports favor Federal Reserve Finance Report free banking free coinage fund gold and silver gold reserve gold standard government bonds greenbacks History of Banking House increased interest issue Latin Union lawful money legal tender notes legal tender power legislation loans measure ment metal monetary national bank national bank-notes note-issues paid paper currency passed payable premium President prohibited question ratio received redeem redemption Reichsbank repeal Republicans resumption retirement revenues Secretary securities seigniorage Senate silver certificates silver coins silver dollars specie payments subtreasury surplus suspension tion Treasury notes United States Bank United States notes Veazie Bank volume vote York