The Money Question: The Wealth and Resources of the United States, and why the People Do Not Enjoy General Prosperity. Money and Its Functions. A Historical Account of Banks and Money as They Have Been Instituted in the Principal Nations of Europe and in the United States. A Description of National Banks, and the Gold Basis System; Also the Effect of Resumption and Specie Payment. The Past and Future Aspect of the Legal Tender Paper Money System of the United States. Appendix: the Inter-convertible Bond Unrobed of Its Mysteries
W. W. Hart, 1878 - 392 páginas
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Página 176 - Ill fares the land, to hastening ills a prey, Where wealth accumulates, and men decay: Princes and lords may flourish, or may fade; A breath can make them, as a breath has made: But a bold peasantry, their country's pride, When once destroyed, can never be supplied.
Página 232 - ... receivable in payment of all taxes, internal duties, excises, debts, and demands of every kind due to the United States, except duties on imports, and of all claims and demands against the United States of every kind whatsoever, except for interest upon bonds and notes, which shall be paid in coin, and shall also be 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 60 - Both the constitutionality and the expediency of the law creating this bank are well questioned by a large portion of our fellow citizens; and it must be admitted by all that it has failed in the great end of establishing a uniform and sound currency.
Página 164 - ... legal tender at their nominal value for any amount not exceeding five dollars in any one payment.
Página 125 - Let it be understood that no repudiator of one farthing of our public debt will be trusted in public place, and it will go far toward strengthening a credit which ought to be the best in the world, and will ultimately enable us to replace the debt with bonds bearing less interest than we now pay.
Página 41 - Board, that it is indispensably necessary for the public service, that the directors of the Bank of England should forbear issuing any cash in payment, until the sense of parliament can be taken on that subject...
Página 125 - 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.
Página 60 - The charter of the Bank of the United States expires in 1836, and its stockholders will most probably apply for a renewal of their privileges. In order to avoid the evils resulting from precipitancy in a measure involving such important principles, and such deep pecuniary interests, I feel that I cannot, in justice to the parties interested, too soon present it to the deliberate consideration of the Legislature and the People.
Página 229 - An act to authorize the issue of United States notes and for the redemption or funding thereof, and for funding the floating debt of the United States...
Página 147 - To hold what we have and to appreciate our currency to that standard is the problem deserving of the most serious consideration of Congress. The experience of the present panic has proven that the currency of the country, based, as it is, upon the credit of the country, is the best that has ever been devised.