A History of Currency in the United StatesMacmillan Company, 1915 - 552 páginas |
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Página 9
... redeemed by taxation . In August following , £ 30,000 were issued , to run for ten years . In 1757-8-9 , £ 300,000 were issued , and in June , 1759 , £ 36,650 further were issued " to reimburse the military agent of the colonies at ...
... redeemed by taxation . In August following , £ 30,000 were issued , to run for ten years . In 1757-8-9 , £ 300,000 were issued , and in June , 1759 , £ 36,650 further were issued " to reimburse the military agent of the colonies at ...
Página 19
... redeemed at $ 2.50 ; a large percentage of repudiation , and yet the debates characterized the idea of redeeming these notes at any price above their actual value at the time of issue , as " criminal folly . " The currency issued by the ...
... redeemed at $ 2.50 ; a large percentage of repudiation , and yet the debates characterized the idea of redeeming these notes at any price above their actual value at the time of issue , as " criminal folly . " The currency issued by the ...
Página 31
Alonzo Barton Hepburn. paper or token money of any kind means that which is redeem- able in money wherein the commercial value of its bullion equals its coinage value . The term " sound money " doubtless originated from the auricular ...
Alonzo Barton Hepburn. paper or token money of any kind means that which is redeem- able in money wherein the commercial value of its bullion equals its coinage value . The term " sound money " doubtless originated from the auricular ...
Página 71
... redeemed at a percentage , and sometimes a very small percentage , of its par value , in a new issue put forth with solemn pledges for its redemption , which new issue underwent in turn a like depreciation . The losses suffered by New ...
... redeemed at a percentage , and sometimes a very small percentage , of its par value , in a new issue put forth with solemn pledges for its redemption , which new issue underwent in turn a like depreciation . The losses suffered by New ...
Página 98
... redeeming its notes , no matter where issued , at any of its branches at par , thus affording a medium of exchange ... redeemed at Philadelphia as well as at the places of issue ; notes of five dollars were redeemed at all offices , and ...
... redeeming its notes , no matter where issued , at any of its branches at par , thus affording a medium of exchange ... redeemed at Philadelphia as well as at the places of issue ; notes of five dollars were redeemed at all offices , and ...
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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...