The Contraction of the Currency: An Argument Founded on Figures and Quotations from Official Reports, and Proving that Circulating Medium of the Country Has Not Been Materially Diminished Since L865 |
From inside the book
Page 23
... not made a " legal tender , " as is so often asserted , but the law ... exceeding $ 600,000,000 , and to issue therefor bonds or Treasury notes in such form as he might prescribe . Under this act there was issued during March $ 70,000,000 of ...
... not made a " legal tender , " as is so often asserted , but the law ... exceeding $ 600,000,000 , and to issue therefor bonds or Treasury notes in such form as he might prescribe . Under this act there was issued during March $ 70,000,000 of ...
Page 40
... Not Been Materially Diminished Since L865 Charles K. Backus. of the United States at Philadelphia , New York or Boston , or Treasury notes bearing interest at the rate of 3 65-100 per centum , payable in one year from date , and ...
... Not Been Materially Diminished Since L865 Charles K. Backus. of the United States at Philadelphia , New York or Boston , or Treasury notes bearing interest at the rate of 3 65-100 per centum , payable in one year from date , and ...
Page 41
... bearing interest at 6 per cent . per annum , and payable at the pleasure of the United States after 20 years from date ; and if any holder of Treasury notes , bearing interest at the rate of 7 3-10 per cent . , which may be issued under ...
... bearing interest at 6 per cent . per annum , and payable at the pleasure of the United States after 20 years from date ; and if any holder of Treasury notes , bearing interest at the rate of 7 3-10 per cent . , which may be issued under ...
Page 44
... per cent . interest , to $ 25,000,000 , shall be so far modified as to authorize the Secretary of the Treasury to receive such deposits to an amount not exceeding ... rate of 5 per centum . SEC . 4. That , in all cases where the Secretary of ...
... per cent . interest , to $ 25,000,000 , shall be so far modified as to authorize the Secretary of the Treasury to receive such deposits to an amount not exceeding ... rate of 5 per centum . SEC . 4. That , in all cases where the Secretary of ...
Page 47
... not bearing in- terest , payable to bearer on demand , and of such ... interest on the public debt ; and the notes so issued shall be part of the ... per cents , " for the " Compound Interest Notes of 1863 , " for the " Coin Certificates ...
... not bearing in- terest , payable to bearer on demand , and of such ... interest on the public debt ; and the notes so issued shall be part of the ... per cents , " for the " Compound Interest Notes of 1863 , " for the " Coin Certificates ...
Common terms and phrases
act entitled act of Congress ACT OF JULY act of March ACT TO AUTHORIZE ACT TO PROVIDE aggregate April 30 Assistant Treasurers authorized the issue bearing interest bonds authorized centum per annum certificates of deposit certificates of indebtedness claimed compound interest notes contraction Demand Notes denominations dollar duties on imports entitled An act equal amount exceed exchange February 25 five per cent Five-Twenties fractional currency fund gold greenbacks hereby authorized interest-bearing legal tenders issue of United July 17 June standing June lawful money legal tender notes less than $50 National bank notes notes issued outstanding paid paper money payable semi-annually payment Postal Currency public debt statement public dues purpose receive redeemable redemption rency revenue stamps second table Secretary SECTION seigniorage seven-thirties six per cent standing June 30 standing June standing Stat table of currency temporary loan certificates thereof tion Treasury is hereby United States notes
Popular passages
Page 51 - An act to provide a National currency, secured by a pledge of United States bonds, and to provide for the circulation and redemption thereof," approved June third, eighteen hundred and sixty-four.
Page 57 - January 18, 1887, on which shall be the devices and superscriptions provided by saiit-act, which coins, together with all silver dollars heretofore coined by the United States, of like weight and fineness, shall be a legal tender at their nominal value for all debts and dues, public and private, except where otherwise expressly stipulated in the contract...
Page 52 - ... the faith of the United States is solemnly pledged to the payment in coin or its equivalent of all obligations of the United States...
Page 43 - ... 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 56 - And on and after the first day of January, Anno Domini eighteen hundred and seventy-nine, the Secretary of the Treasury shall redeem in coin the United States legal-tender notes then outstanding, on their presentation for redemption at the office of the Assistant Treasurer of the United States in the city of New York in sums of not less than fifty dollars.
Page 48 - shall be held to mean all bonds, certificates of indebtedness, national-bank currency, coupons, United States notes, treasury notes, fractional notes, certificates of deposit, bills, checks or drafts for money, drawn by or upon authorized officers of the United States...
Page 58 - And when any of said notes may be redeemed or be received into the treasury under any law from any source whatever and shall belong to the United States, they shall not be retired, cancelled or destroyed, but they shall be reissued and paid out again and kept In circulation...
Page 16 - And said treasury notes may be made a legal tender to the same extent as United States notes, for their face value excluding interest...
Page 56 - And any gain or seigniorage arising from this coinage shall be accounted for and paid into the Treasury, as provided under existing laws relative to the subsidiary coinage: Provided, That the amount of money at any one time invested in such silver bullion, exclusive of such resulting coin, shall not exceed...
Page 57 - The coin deposited for or representing the certificates shall be retained in the Treasury for the payment of the same on demand. Said certificates shall be receivable for customs, taxes, and all public dues, and, when so received, may be reissued.