A History of Currency in the United StatesMacmillan Company, 1915 - 552 páginas |
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Página v
... give it a fixed value in trade and taxes . At first articles of real value that would go without a government fiat were selected , such as beaver skins , musket balls , corn , etc .; later , printed money with government fiat was ...
... give it a fixed value in trade and taxes . At first articles of real value that would go without a government fiat were selected , such as beaver skins , musket balls , corn , etc .; later , printed money with government fiat was ...
Página vii
... gives the complete history of the national banking system , and contrasts and compares the banking systems of the various states ; it relates the history of the legal tender notes and discusses them as a substitute for taxation ...
... gives the complete history of the national banking system , and contrasts and compares the banking systems of the various states ; it relates the history of the legal tender notes and discusses them as a substitute for taxation ...
Página viii
... credit facilities of other nations with those of the United States , and for that reason seems to be pertinent and to give added value to this volume . CONTENTS CHAPTER I COLONIAL CURRENCY Historic Forms of Currency . viii PREFACE.
... credit facilities of other nations with those of the United States , and for that reason seems to be pertinent and to give added value to this volume . CONTENTS CHAPTER I COLONIAL CURRENCY Historic Forms of Currency . viii PREFACE.
Página 4
... give a receipt for the quantity . The tobacco may then be considered as sold , those authenticated receipts circulating as money in the country . For example , suppose I have deposited 20 hogsheads of tobacco in Petersburg , I may go ...
... give a receipt for the quantity . The tobacco may then be considered as sold , those authenticated receipts circulating as money in the country . For example , suppose I have deposited 20 hogsheads of tobacco in Petersburg , I may go ...
Página 17
... give it value ; they asked that the States issue a currency called the " new tenor , " which should be guaranteed by Congress ( .6 going to the State and .4 to Con- gress ) , hoping that the specific joint obligation would command ...
... give it value ; they asked that the States issue a currency called the " new tenor , " which should be guaranteed by Congress ( .6 going to the State and .4 to Con- gress ) , hoping that the specific joint obligation would command ...
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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..