Money and Legal Tender in the United StatesG.P. Putnam's Sons, 1877 - 173 páginas |
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Página iii
... National Bank Notes secured by a deposit of United States Bonds ; and neither of these descriptions of notes redeemable in coin . Until recently , the subject of bringing this cur- rency from a credit to a specie basis has not.
... National Bank Notes secured by a deposit of United States Bonds ; and neither of these descriptions of notes redeemable in coin . Until recently , the subject of bringing this cur- rency from a credit to a specie basis has not.
Página 69
... bonds in the London market , which , when at par , are quoted at a deduction corresponding to the percent- age added here to the old valuation above referred to . " That a system so fictitious as this should have been adhered to for ...
... bonds in the London market , which , when at par , are quoted at a deduction corresponding to the percent- age added here to the old valuation above referred to . " That a system so fictitious as this should have been adhered to for ...
Página 77
... bonds . This was peculiarly and exclusively a war measure , and should never be regarded as a precedent to be followed under any circumstances in time of peace , or even of ordinary war . These notes , in consequence of the large sums ...
... bonds . This was peculiarly and exclusively a war measure , and should never be regarded as a precedent to be followed under any circumstances in time of peace , or even of ordinary war . These notes , in consequence of the large sums ...
Página 84
... Bonds , and for the circulation and redemption of such currency , was approved . The most important features of this Act were : I. Security to the note holders . 2. The issue and circulation of national bank notes as money . 3. The ...
... Bonds , and for the circulation and redemption of such currency , was approved . The most important features of this Act were : I. Security to the note holders . 2. The issue and circulation of national bank notes as money . 3. The ...
Página 85
... bonds , and redemption of the notes with proceeds thereof , by the United States . The limits of this work will not permit further ref- erence to this Act , or the ' various amendments there- to ; but it should be added that the system ...
... bonds , and redemption of the notes with proceeds thereof , by the United States . The limits of this work will not permit further ref- erence to this Act , or the ' various amendments there- to ; but it should be added that the system ...
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Términos y frases comunes
Act of April Act of February Act of January Act of June Act of March alloy Assay-offices authorized bonds bullion carats cent China circulation Coinage Act Coinage discontinued coining rate coins of less Committee Congress copper currency depreciation dollar of 412 double standard estimates exchange exported February 21 Fineness changed foreign coins France German Empire Germany gold and silver gold coins gold or silver gold standard Gold system India issue January 18 June 28 Latin Union legal tender metallic money standard metallic standard Mexican dollar Milreis Mints money of account nations paper money pence piece Population pound sterling price of silver production of silver pure gold pure silver quantity ratio re-coinage redeemed relative valuation silver coins silver dollar silver standard SILVER System Spanish dollar standard silver tion Total trade dollar Treasury troy United States Mint United States notes value of silver weight and fineness Weight changed
Pasajes populares
Página 84 - States in payment of taxes, excises, public lands, and all other dues to the United States, except for duties on imports; and also for all salaries and other debts and demands owing by the United States to individuals, corporations, and associations within the United States, except interest on the public debt, and in redemption of the national currency.
Página 89 - ... the faith of the United States is solemnly pledged to the payment in coin or its equivalent of all obligations of the United States...
Página 65 - ... 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 87 - July, 1862; which is to be set apart as a sinking fund; and the interest of which shall in like manner be applied to the purchase or payment of the public debt, as the Secretary of the Treasury shall from time to time direct.
Página 7 - The United States in congress assembled shall also have the sole and exclusive right and power of regulating the alloy and value of coin struck by their own authority, or by that of the respective states..
Página 82 - States, in sums not less than twenty dollars, and to issue certificates therefor in denominations of not less than twenty dollars each, corresponding with the denominations of United States notes. The coin deposited for or representing the certificates of deposit shall be retained in the Treasury for the payment of the same on demand. Said certificates shall be receivable for customs, taxes and all public dues, and when so received may be reissued...
Página 90 - States notes shall be convertible into coin at the option of the holder, or unless at such time bonds of the United States bearing a lower rate of interest than the bonds to be redeemed can be sold at par in coin. And the United States also solemnly pledges its faith to make provision at the earliest practicable period for the redemption of the United States notes in coin.
Página 8 - The Congress shall have power to coin money, regulate the value thereof, and of foreign coins, and fix the standard of weights and measures, ... to provide for the punishment of counterfeiting the securities and current coin of the United States.
Página 7 - ... the United States in congress assembled. ARTICLE IX. The United States in congress assembled shall...
Página 154 - The subjects of foreign powers might 'suffer from the same cause, and hence the union be discredited and embroiled by the indiscretion of a single member. No one of these mischiefs is less incident to a power in the states to emit paper money, than to coin gold or silver.