Our Public Debt: An Historical Sketch with a Description of United States Securities

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Bankers Trust Company, 1919 - 126 pages
 

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Page 47 - ... shall be receivable for customs, taxes, and all public dues, and when so received may be reissued...
Page 44 - 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 34 - That number of men is about one-tenth of those of proper ages within the regions where, apparently, all are willing to engage ; and the sum is less than a twenty-third part of the money value owned by the men who seem ready to devote the whole.
Page 48 - That upon demand of the holder of any of the Treasury notes herein provided for the Secretary of the Treasury shall, under such regulations as he may prescribe, redeem such notes in gold or silver coin, at his discretion, it being the established policy of the United States to maintain the two metals on a parity with each other upon the present legal ratio, or such ratio as may be provided by law.
Page 24 - January, 1837, reserving the sum of five millions of dollars, shall be deposited with such of the several States, in proportion to their respective representation in the Senate and House of Representatives of the United States...
Page 35 - ... lawful money and a legal tender in payment of all debts, public and private, within the United States, except duties on imports and interest as aforesaid.
Page 4 - Nothing can more promote the permanent welfare of the nation, and nothing would be more grateful to our constituents. Indeed, whatsoever is unfinished of our system of public credit, cannot be benefited by procrastination ; and, as far as may be practicable, we ought to place that credit on grounds which cannot be disturbed, and to prevent that progressive accumulation of debt which must ultimately endanger all governments.
Page 41 - ... that the faith of the United States is solemnly pledged to the payment in coin or its equivalent of all the...
Page 87 - ... exempt from the payment of all taxes or duties of the Government of the Philippine Islands, or any local authority therein, or of the Government of the United States, as well as from taxation in any form by or under any State, municipal, or local authority...
Page 4 - And as the vicissitudes of nations beget a perpetual tendency to the accumulation of debt, there ought to be, in every government, a perpetual, anxious, and unceasing effort to reduce that which at any time exists, as fast as be practicable, consistently with integrity and good faith.

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