The Money Question1898 |
From inside the book
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Page v
... war measure . Their retirement went on until their amount was reduced to $ 346,000,000 . As the banks were required to put up government bonds for their notes , the amount of these , from the burden imposed , fell far PREFACE .
... war measure . Their retirement went on until their amount was reduced to $ 346,000,000 . As the banks were required to put up government bonds for their notes , the amount of these , from the burden imposed , fell far PREFACE .
Page vii
... bonds , compelled in a comparatively short period to provide gold to an amount of nearly $ 300,000,000 . Loans by banks when well made , equalling in amount the demand obligations of the Government , are returned to them without the ...
... bonds , compelled in a comparatively short period to provide gold to an amount of nearly $ 300,000,000 . Loans by banks when well made , equalling in amount the demand obligations of the Government , are returned to them without the ...
Page 56
... bond of union among the banking establishments of the nation , erecting them into an interest separate from that of the people , and its necessary tendency is to unite the Bank of the United States and the State banks in any measure ...
... bond of union among the banking establishments of the nation , erecting them into an interest separate from that of the people , and its necessary tendency is to unite the Bank of the United States and the State banks in any measure ...
Page 69
... bonds issued to provide the capital therefor ceased . The bonds were sold abroad at their full value . Failing to receive any returns , the holders naturally became importunate OVERTHROW OF BANK AND INFLATION OF CURRENCY . 69.
... bonds issued to provide the capital therefor ceased . The bonds were sold abroad at their full value . Failing to receive any returns , the holders naturally became importunate OVERTHROW OF BANK AND INFLATION OF CURRENCY . 69.
Page 70
... bonds to be determined by its highest judicial tribunal . That tribunal decided that the bonds were well issued , and were obligations binding on the State . no process could issue against a " Sovereign State , " all the bond- holders ...
... bonds to be determined by its highest judicial tribunal . That tribunal decided that the bonds were well issued , and were obligations binding on the State . no process could issue against a " Sovereign State , " all the bond- holders ...
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Common terms and phrases
adequate amount assumed Bank of England banks and bankers bills bonds BROSIUS bullion cent circulating notes coinage of silver commercial Commission Committee Congress Constitution contracted created credit money debts declared demand obligations deposits discharge discount of merchants equal equivalent established excess gold and silver gold standard government notes greater greenbacks holder increase interest Issue and Redemption issuers issues of banks kind of money lawful money legal tender liabilities loans means measure ment merchandise metallic money monetary national bank notes never nominal value operations paid paper money payable in gold present proper purchase purpose ratio received redeem reserves retirement revenues Secretary GAGE serve as money share capital silver certificates silver coins silver dollars Spanish dollar specie payments standard of value supply suspension of specie symbolic money tion treasury notes United States notes wants wholly
Popular passages
Page 325 - 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...
Page 124 - States provides that the Congress shall have power — To coin money, regulate the value thereof, and of foreign coin, and fix the standard' of weights and measures: To provide for the punishment of counterfeiting the securities and current coin of the United States.
Page 150 - And it is hereby declared to be the policy of the United States to continue the use of both gold and silver as standard money, and to coin both gold and silver into money of equal intrinsic and exchangeable value, such equality to be secured through international agreement, or by such safeguards of legislation as will insure the maintenance of the parity in value of the coins of the two metals, and the equal power of every dollar at all times in the markets and in the payment of debts.
Page 58 - I can not assent. Mere precedent is a dangerous source of authority, and should not be regarded as deciding questions of constitutional power except where the acquiescence of the people and the States can be considered as well settled.
Page 80 - No political dreamer was ever wild enough to think of breaking down the lines which separate the states, and of compounding the American people into one common mass.
Page 121 - That any holder of the coin authorized by this act may deposit the same with the treasurer or any assistant treasurer of the United States...
Page 274 - Section 5138. No association shall be organized with a less capital than one hundred thousand dollars, except that banks with a capital of not less than fifty thousand dollars may. with the approval of the Secretary of the Treasury, be organized in any place the population of which does not exceed six thousand inhabitants...
Page 31 - Waiving the question of the constitutional authority of the Legislature to establish an incorporated bank as being precluded in my judgment by repeated recognitions under varied circumstances of the validity of such an institution in acts of the legislative, executive, and judicial branches of the Government, accompanied by indications, in different modes, of a concurrence of the general will of the nation...
Page 58 - If the opinion of the supreme court covered the whole ground of this act, it ought not to control the co-ordinate authorities of this government. The congress, the executive, and the court, must each for itself be guided by its own opinion of the constitution.
Page 193 - The substitution of paper in the room of gold and silver money, replaces a very expensive instrument of commerce with one much less costly, and sometimes equally convenient. Circulation comes to be carried on by a new wheel, which it costs less both to erect and to maintain than the old one.