History of Coinage and Currency in the United States and the Perennial Contest for Sound Money, Volume 10 |
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Page 14
... grain of pure silver . Such a unit agreed without a fraction with all the differing valuations of the dollar in the ... grains of cop- per ; five of these cents to constitute a piece to be called the quint ; and ten , or one thousand of ...
... grain of pure silver . Such a unit agreed without a fraction with all the differing valuations of the dollar in the ... grains of cop- per ; five of these cents to constitute a piece to be called the quint ; and ten , or one thousand of ...
Page 16
... grains I. 375.64 grains 24.6268 II . 350.09 23.79 15.253 to 1 14.749 to I III . 521.73 34.782 15 to I Congress on August 8 , 1786 , passed a resolution 3 fixing the fineness of gold and silver coins at eleven- 1 MS . Reports , Committee ...
... grains I. 375.64 grains 24.6268 II . 350.09 23.79 15.253 to 1 14.749 to I III . 521.73 34.782 15 to I Congress on August 8 , 1786 , passed a resolution 3 fixing the fineness of gold and silver coins at eleven- 1 MS . Reports , Committee ...
Page 17
... grains pure metal to the dollar , thus giving the ratio 15.253 to I as above stated . copper coinage was to be at the rate of 100 cents for 2 pounds Avoirdupois of copper . The Act of 1786 . Finally , pursuant to a report of the Board ...
... grains pure metal to the dollar , thus giving the ratio 15.253 to I as above stated . copper coinage was to be at the rate of 100 cents for 2 pounds Avoirdupois of copper . The Act of 1786 . Finally , pursuant to a report of the Board ...
Page 20
... existence varied considerably , Spain having degraded or changed the standard at different times . He therefore recommended a dollar containing 371.25 1 In full in the Appendix . grains of pure silver , as best expressing the actual 20.
... existence varied considerably , Spain having degraded or changed the standard at different times . He therefore recommended a dollar containing 371.25 1 In full in the Appendix . grains of pure silver , as best expressing the actual 20.
Page 21
... grains of gold , and therefore a gold dollar containing that quantity of metal be also provided for , in order that there might be a unit coin in each metal . 5. That the fineness of the coins should be eleven- twelfths or .9163 ...
... grains of gold , and therefore a gold dollar containing that quantity of metal be also provided for , in order that there might be a unit coin in each metal . 5. That the fineness of the coins should be eleven- twelfths or .9163 ...
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Common terms and phrases
Act of June Act of March aforesaid alloy amendment amount authorized bank circulation Bank of United bank-notes banking association bill bimetallism bonds bullion cent centum charter circulating notes clearing-house Comptroller Congress Constitution contracts copper demand denominations deposits depreciated directors duty equal established exceeding exchange exports favor February 25 foreign coins free coinage fund gold and silver gold coins gold standard grains greenbacks hereby History of Banking House increase issue July July 12 lawful money legal tender notes legislation less loans measure ment metals national bank note-issues officers paid passed payable payment President proportion public debt public money purchase purpose ratio received redeemed redemption regulations repealed Republicans resumption retirement revenue Secretary Senate silver certificates silver coins silver dollars sound money specie subtreasury surplus thereof tion Treasury notes United States notes vote weight York
Popular passages
Page 458 - ... to sue and be sued, plead and be impleaded, answer and be answered, defend and be defended, in courts of record, or any other place whatsoever : and also to make, have, and use a common seal, and the same to break, alter and renew, at their pleasure ; and also to ordain...
Page 68 - ... for carrying them into execution. The word "necessary" is considered as controlling the whole sentence, and as limiting the right to pass laws for the execution of the granted powers to such as are indispensable, and without which the power would be nugatory...
Page 554 - That the value of foreign coin as expressed in the money of account of the United States shall be that of the pure metal of such coin of standard value; and the values of the standard coins in circulation of the various nations of the world shall be estimated quarterly by the Director of the Mint and be proclaimed by the Secretary of the Treasury quarterly on the 1st day of January, April, July, and October in each year.
Page 528 - Provided, That nothing in this act shall be construed to prevent all the shares in any of the said associations, held by any person or body corporate, from being included in the valuation of the personal property of such person or corporation in the assessment of taxes imposed by or under State authority at the place where such bank is located, and not elsewhere...
Page 65 - States, namely, that every power vested in a government is in its nature sovereign, and includes, by force of the term, a right to employ all the means requisite and fairly applicable to the attainment of the ends of such power, and which are not precluded by restrictions and exceptions specified in the constitution, or not immoral, or not contrary to the essential ends of political society.
Page 505 - ... 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 66 - If any one proposition could command the universal assent of mankind, we might expect it would be this : that the government of the Union, though limited in its powers, is supreme within its sphere of action.
Page 493 - AN ACT providing for the sale of the lands of the United States in the Territory NORTHWEST of the Ohio, and above the mouth of the Kentucky river...
Page 515 - ... 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 574 - The value of foreign coin as expressed in the money of account of the United States shall be that of the pure metal of such coin of standard value; and the values of the standard coins in circulation of the various nations of the world shall be estimated annually by the Director of the Mint, and be proclaimed on the first day of January by the Secretary of the Treasury.