A History of Currency in the United StatesMacmillan Company, 1915 - 552 páginas |
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Página 6
... balance . This demand was in itself hard enough to con- tend with , and when the emission of paper money became gen- eral and depreciated so rapidly , it inevitably drove the better money abroad . 1 Phillips , Paper Currency , I , p ...
... balance . This demand was in itself hard enough to con- tend with , and when the emission of paper money became gen- eral and depreciated so rapidly , it inevitably drove the better money abroad . 1 Phillips , Paper Currency , I , p ...
Página 22
... balances . CHAPTER III SOUND MONEY IN NATIONAL POLITICS OUR laws with. ABSTRACT OF THE BALANCES DUE TO AND FROM THE SEVERAL STATES , ON THE ADJUSTMENT OF THEIR ACCOUNTS WITH THE UNITED STATES , BY THE GENERAL BOARD OF COMMISSIONERS ...
... balances . CHAPTER III SOUND MONEY IN NATIONAL POLITICS OUR laws with. ABSTRACT OF THE BALANCES DUE TO AND FROM THE SEVERAL STATES , ON THE ADJUSTMENT OF THEIR ACCOUNTS WITH THE UNITED STATES , BY THE GENERAL BOARD OF COMMISSIONERS ...
Página 61
... balances were for a number of years adverse , the placing of investments abroad proved more than an offset and the stock of gold in the country increased . Not- withstanding the continual export of United States silver coin , the influx ...
... balances were for a number of years adverse , the placing of investments abroad proved more than an offset and the stock of gold in the country increased . Not- withstanding the continual export of United States silver coin , the influx ...
Página 66
... balances and the inflated condition of the paper currency from 1850 to 1860.1 Australia as well as California had become a large producer of gold , and the commercial ratio of silver to gold continued to rise under the influence of this ...
... balances and the inflated condition of the paper currency from 1850 to 1860.1 Australia as well as California had become a large producer of gold , and the commercial ratio of silver to gold continued to rise under the influence of this ...
Página 76
... balance of its trade ; that is , by the proportion between its abilities to supply foreigners , and its wants of them , between the amount of its exportations and that of its importations . Hence , the state of its agriculture and ...
... balance of its trade ; that is , by the proportion between its abilities to supply foreigners , and its wants of them , between the amount of its exportations and that of its importations . Hence , the state of its agriculture and ...
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Términos y frases comunes
adopted amount authorized balance bank circulation bank-notes bill bimetallic branches bullion cash cent central reserve charter clearing-house coinage of silver commercial committee Comptroller Congress Constitution Continental currency contracts 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 metal monetary national bank-notes 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 seigniorage Senate silver certificates silver coins silver dollars surplus tion Treasury notes United States notes volume vote York
Pasajes populares
Página 79 - ... 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 513 - To exercise by its board of directors, or duly authorized officers or agents, subject to law, all such incidental powers as shall be necessary to carry on the business of banking...
Página 78 - 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 28 - ... shall be 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 iu payment of all debts, public and private, within the United States, except duties on imports and interest as aforesaid.
Página 211 - 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 539 - 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...
Página 531 - 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 539 - Any bank officer, director, or employee violating this provision shall be deemed guilty of a misdemeanor and shall be imprisoned not exceeding one year or fined not more than $5,000, or both; and may be fined a further sum equal to the money so loaned or gratuity given.
Página 35 - 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..