The Money Question1898 |
From inside the book
Results 1-5 of 92
Page 15
... purpose of symbolic money is to take the place of metallic money , which is to be wholly discharged from the exchanges , except as subsidiary coins . There can be no more inflation with a symbolic currency , properly issued , than with ...
... purpose of symbolic money is to take the place of metallic money , which is to be wholly discharged from the exchanges , except as subsidiary coins . There can be no more inflation with a symbolic currency , properly issued , than with ...
Page 16
... purpose . As the deposits with savings banks are ordinarily made . in the notes of banks of issue , or in cheques upon the same , they represent capital in a form fitted to serve as a basis of reproduction , for the prosecution of ...
... purpose . As the deposits with savings banks are ordinarily made . in the notes of banks of issue , or in cheques upon the same , they represent capital in a form fitted to serve as a basis of reproduction , for the prosecution of ...
Page 17
... purposes , and in any amounts , can be had at the lowest current rates . The manufacturers in these conse- quently have a great advantage over those in other States who have no such facility for borrowing . In the State of New York the ...
... purposes , and in any amounts , can be had at the lowest current rates . The manufacturers in these conse- quently have a great advantage over those in other States who have no such facility for borrowing . In the State of New York the ...
Page 18
... purposes of money ; and from the losses to the holders when the final crash came . To greatly aggravate the catastrophe the several States vied with the National Government in vast issues of notes for the common cause , all of which ...
... purposes of money ; and from the losses to the holders when the final crash came . To greatly aggravate the catastrophe the several States vied with the National Government in vast issues of notes for the common cause , all of which ...
Page 21
... purpose of borrowing instead of lending money . The Bank of the United States was the custodian of the public revenues which were made receivable in its notes ( never legal tender ) . As it received in the ordinary course of business ...
... purpose of borrowing instead of lending money . The Bank of the United States was the custodian of the public revenues which were made receivable in its notes ( never legal tender ) . As it received in the ordinary course of business ...
Other editions - View all
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.