The Money Question: A Handbook for the Times |
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Page 18
... Constitution of the new National Government of an article forbidding the States to emit " bills of credit ; " that is , notes to serve as money , a restriction which on several occasions has been held to be as imperative upon the ...
... Constitution of the new National Government of an article forbidding the States to emit " bills of credit ; " that is , notes to serve as money , a restriction which on several occasions has been held to be as imperative upon the ...
Page 22
... constitutional objections which had been raised , Mr. Jefferson himself when he came to the Presidency approving an act for the establishing of a branch in New Orleans upon the acquisition of Louisiana from France , as much an original ...
... constitutional objections which had been raised , Mr. Jefferson himself when he came to the Presidency approving an act for the establishing of a branch in New Orleans upon the acquisition of Louisiana from France , as much an original ...
Page 25
... Constitution . The power was given to Congress by that instrument in express terms to regulate the currency of the United States . In point of fact , that power , though given to Congress , is not in their hands . The power is exercised ...
... Constitution . The power was given to Congress by that instrument in express terms to regulate the currency of the United States . In point of fact , that power , though given to Congress , is not in their hands . The power is exercised ...
Page 26
... Constitution afforded an argument in support of such construction . There then existed a depreciated paper currency which could only be regulated and made uniform by giving a power for that purpose to the general government . I contend ...
... Constitution afforded an argument in support of such construction . There then existed a depreciated paper currency which could only be regulated and made uniform by giving a power for that purpose to the general government . I contend ...
Page 27
... constitutional control will then prevail . In the United States , according to the best estimation , there were not ... Constitution gave to Congress the power to " regulate the value of money . " That in use , and to be used , was not ...
... constitutional control will then prevail . In the United States , according to the best estimation , there were not ... Constitution gave to Congress the power to " regulate the value of money . " That in use , and to be used , was not ...
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Common terms and phrases
amount bank notes Bank of England banks and bankers bi-metallism bills bills of exchange bonds bullion cent Clearing House coinage of silver commerce committee Congress consequently Constitution Continental currency created credit money debts declared demand deposits discharged distribution duties effect equal established excess foreign gold and silver gold dollar Government notes greater holders increased institution interest issuers issues of banks Jackson kind of money legal tender notes loans and discounts maintain matter means measure ment merchandise metallic money Mississippi Company National Bank National Government never nominal value notes and credits operations paid paper currency paper money party payable present production purchase purpose ratio received redemption reserves retirement revenues Secretary secured seigniorage Senate serve as money share capital silver coin silver dollar specie payments standard of value subsidiary coins suspension of specie symbolic money tion trade transactions Treasury United United States notes wholly
Popular passages
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 56 - 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 78 - 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 29 - 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 56 - 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.
Page 79 - That the democratic party will faithfully abide by and uphold the principles laid down in the Kentucky and Virginia resolutions of 1798, and in the report of Mr. Madison to the Virginia Legislature in 1799 ; that it adopts those principles as constituting one of the main foundations of its political creed, and is resolved to carry them out in their obvious meaning and import.
Page 76 - That the federal government is one of limited powers, derived solely from the Constitution, and the grants of power shown therein ought to be strictly construed by all the departments and agents of the government ; and that it is inexpedient and dangerous to exercise doubtful constitutional powers.