A History of Currency in the United StatesMacmillan Company, 1915 - 552 páginas |
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Página 6
... nearly all disappeared , driven out by the depreciated paper currency . All the original thirteen colonies made use of paper money issues , called by somewhat differing names , but all possessing the same general characteristics , and ...
... nearly all disappeared , driven out by the depreciated paper currency . All the original thirteen colonies made use of paper money issues , called by somewhat differing names , but all possessing the same general characteristics , and ...
Página 24
... nearly identical resolutions in 1799. In other states similar doctrines were at times proclaimed , notably at a later period by the abolitionists of the North , who advocated withdrawal from the Union to escape the partnership in the ...
... nearly identical resolutions in 1799. In other states similar doctrines were at times proclaimed , notably at a later period by the abolitionists of the North , who advocated withdrawal from the Union to escape the partnership in the ...
Página 29
... nearly a century after our existence as a nation , the Supreme Court decided that Congress had the power to issue full legal tender notes at any and all times , in its dis- cretion , and in effect decided that all sovereign powers ...
... nearly a century after our existence as a nation , the Supreme Court decided that Congress had the power to issue full legal tender notes at any and all times , in its dis- cretion , and in effect decided that all sovereign powers ...
Página 42
... nearly as possible to the commercial ratio , rather than follow any specific European precedent . He there- fore recommended the ratio of 15 to 1 . 4. That the silver dollar was the equivalent of 24.75 grains of gold , and therefore a ...
... nearly as possible to the commercial ratio , rather than follow any specific European precedent . He there- fore recommended the ratio of 15 to 1 . 4. That the silver dollar was the equivalent of 24.75 grains of gold , and therefore a ...
Página 47
... nearly so , were recoined into dollars at the mint , the depositors reaping the profit . President Jefferson undertook to check this business in 1806 by directing that the mint suspend the coinage of the dollar pieces . This suspension ...
... nearly so , were recoined into dollars at the mint , the depositors reaping the profit . President Jefferson undertook to check this business in 1806 by directing that the mint suspend the coinage of the dollar pieces . This suspension ...
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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..