Money and Banking: Illustrated by American HistoryGinn, 1902 - 474 pages |
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Common terms and phrases
adopted amount assets authorized bank notes Bank of England bank's banker banking system bills of credit bimetallism bonds borrowing branch branch banks cent certificates of deposit charter checks circulating notes clearing house clearing-house coinage of silver colonial comptroller Congress country banks creditors currency debts demand denominations depositors deposits depreciation discount England equal export fiat money France free banks gold certificates gold coin gold standard greenbacks holders interest Latin Union legal tender legal-tender notes legislature less liabilities loans ment metal monetary national bank note issues outstanding paid panic paper passed payable persons President profit purchase ratio receive redeem redemption repealed resumption safety fund Secretary seigniorage sell Senate shareholders Sherman Act silver bullion silver certificates silver coins silver dollars specie payments Suffolk Bank suspended taxes tion trade Treasury notes United States notes veto vote York
Popular passages
Page 450 - ... at par in all parts of the United States in payment of taxes, excises, public lands, and all other dues to the United States, except for duties on imports ; and also for all salaries and other debts and demands owing by the United States to individuals, corporations, and associations within the United States, except interest on the public debt, and in redemption of the national currency.
Page 185 - An Act to define and fix the standard of value, to maintain the parity of all forms of money issued or coined by the United States, to refund the public debt, and for other purposes...
Page 448 - 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...
Page 304 - Both the constitutionality and the expediency of the law creating this bank are well questioned by a large portion of our fellow-citizens, and it must be admitted by all that it has failed in the great end of establishing a uniform and sound currency.
Page 160 - Congress has the constitutional power to make the treasury notes of the United States a legal tender in payment of private debts in time of peace as well as in time of war. Juillard v. Greenman, 110 US 421 ; 28 Am L. Reg. (N. 8.) 734. 6. To provide for the punishment of counterfeiting the securities and current coin of the United States.
Page 377 - SEC. 3. That every association organized, or to be organized under the provisions of the said act, and of the several acts amendatory thereof, shall at all times keep and have on deposit in the Treasury of the United States, in lawful money of the United States, a sum equal to five per centum of its circulation, to be held and used for the redemption of such circulation...
Page 116 - We have suffered more from this cause," he says, " than from every other cause of calamity: it has killed more men, pervaded and corrupted the choicest interests of our country more, and done more injustice than even the arms and artifices of our enemies...
Page 119 - State, a few only excepted, and that the assembly is so well disposed to second your endeavors in bringing those murderers of our cause, the monopolizers, forestallers and engrossers, to condign punishment. It is much to be lamented that each State, long ere this, has not hunted them down as pests to society, and the greatest enemies we have to the happiness of America.
Page 183 - Treasury notes shall be a legal tender in payment of all debts, public and private, except where otherwise expressly stipulated in the contract, and shall be receivable for customs, taxes, and all public dues, and when so received may be reissued.
Page 166 - They bore, indeed, this character upon their face, for they were made payable only " after the ratification of a treaty of peace between the Confederate States and the United States of America.