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 MysteriesW. W. Hart, 1878 - 392 páginas |
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Página 20
... payment by their distressed creditors , and crowd their debtors in turn . Property of all kinds depre- ciates and becomes difficult to sell , when every body wants to sell , and is anxious to restrict his purchases to the lowest ...
... payment by their distressed creditors , and crowd their debtors in turn . Property of all kinds depre- ciates and becomes difficult to sell , when every body wants to sell , and is anxious to restrict his purchases to the lowest ...
Página 21
... payment of their debts , become bankrupt from the failure of their debtors to pay promptly . When the doors of a banking house are closed in the afternoon , and a merchant's obligation is protested , his credit is gone , and he ceases ...
... payment of their debts , become bankrupt from the failure of their debtors to pay promptly . When the doors of a banking house are closed in the afternoon , and a merchant's obligation is protested , his credit is gone , and he ceases ...
Página 35
... payment of debts , but people will always take that in payment of debts which they can in turn apply to the same purpose . It is incorrect , therefore , to speak of gold as the " money of the world . " No such money has ever been ...
... payment of debts , but people will always take that in payment of debts which they can in turn apply to the same purpose . It is incorrect , therefore , to speak of gold as the " money of the world . " No such money has ever been ...
Página 41
... payment of debts , but people will always take that in payment of debts which they can in turn apply to the same purpose . It is incorrect , therefore , to speak of gold as the " money of the world . " No such money has ever been ...
... payment of debts , but people will always take that in payment of debts which they can in turn apply to the same purpose . It is incorrect , therefore , to speak of gold as the " money of the world . " No such money has ever been ...
Página 44
... payment of State taxes . The State paid her domestic creditors , and these hastened to pay theirs or to supply their wants by purchase . Crops , for which there had been no market , moved ; the loom and the spindle were again heard ...
... payment of State taxes . The State paid her domestic creditors , and these hastened to pay theirs or to supply their wants by purchase . Crops , for which there had been no market , moved ; the loom and the spindle were again heard ...
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Términos y frases comunes
American amount authorized bank currency bank notes Bank of England Bank of France bankers banks of issue bearing interest bills of credit bills of exchange Bonamy Price bonds bullionists capital channels of trade charter circulating medium classes coin commercial crash commodities Congress Constitution contraction demand demand notes deposits depreciated discount dollars duties on imports enable February 25 full legal tender funds gold and silver greenback Hugh McCulloch individuals industry labor legal tender act legal tender notes legal tender paper loans McCulloch medium of exchange ment millions money panic money power National Banks obliged paid payable in gold payment of debts political economists possessed prosperity public debt public notes received redeemable Senate six per cent specie basis system specie resumption suspension system of money tender paper money Thaddeus Stevens tion Treasury notes United States Bank United States notes wealth
Pasajes populares
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.