A History of Currency in the United StatesMacmillan Company, 1915 - 552 páginas |
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Página 6
... less than British pieces by 2d in the shilling.1 A law forbade other coins than these and British coins to circulate in the colony . An attempt was made to prevent the exportation of these coins , but in 1748 they had nearly all ...
... less than British pieces by 2d in the shilling.1 A law forbade other coins than these and British coins to circulate in the colony . An attempt was made to prevent the exportation of these coins , but in 1748 they had nearly all ...
Página 12
... less value put upon the later issues ; at the Town House , Boston , £ 1,792,236-5-1 was burned , which left about £ 132,000 outstanding . This action gave Massa- chusetts a good and sound currency , although the depreciated notes of ...
... less value put upon the later issues ; at the Town House , Boston , £ 1,792,236-5-1 was burned , which left about £ 132,000 outstanding . This action gave Massa- chusetts a good and sound currency , although the depreciated notes of ...
Página 19
... less than its face value . Articles of Confederation were adopted November 15 , 1778 , and gave Congress coördinate power with the states to emit bills of credit , but no power to levy taxes . Sad experience wrought a rapid revolution ...
... less than its face value . Articles of Confederation were adopted November 15 , 1778 , and gave Congress coördinate power with the states to emit bills of credit , but no power to levy taxes . Sad experience wrought a rapid revolution ...
Página 28
... less than $ 1 . They were legal tender except in payment of duties on imports and in- terest on the public debt . These notes were straight fiat money , not drawing interest , not convertible into bonds drawing interest . ' It thus ...
... less than $ 1 . They were legal tender except in payment of duties on imports and in- terest on the public debt . These notes were straight fiat money , not drawing interest , not convertible into bonds drawing interest . ' It thus ...
Página 37
... less easy of adoption and more laborious in operation than the purely decimal system . As to the contents of the dollar , he recommended finding the average weight of pure silver in the dollars then in use and adopt- ing the resulting ...
... less easy of adoption and more laborious in operation than the purely decimal system . As to the contents of the dollar , he recommended finding the average weight of pure silver in the dollars then in use and adopt- ing the resulting ...
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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...