The Merchants' Magazine and Commercial Review, Volume 50William B. Dana F. Hunt, 1864 - Commerce |
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Page 11
... course of the Government in sep- arating its finances from the banks , and making the currency of the Con- stitution the only medium between it and the people , and causing it to flow actively through the Treasury , was an eminently ...
... course of the Government in sep- arating its finances from the banks , and making the currency of the Con- stitution the only medium between it and the people , and causing it to flow actively through the Treasury , was an eminently ...
Page 12
... course it would only be what the redeeming agent in that city ( if it had one , if not , what the broker ) chose to give for it , and he would buy it at a discount just in proportion to the expense and diffi- culty of making the ...
... course it would only be what the redeeming agent in that city ( if it had one , if not , what the broker ) chose to give for it , and he would buy it at a discount just in proportion to the expense and diffi- culty of making the ...
Page 13
... course , when notes are a legal tender their point of redemption is everywhere where there is a purchase to make or a creditor to pay . These new bank issues are not to be a legal tender be- tween individuals , and are only to be ...
... course , when notes are a legal tender their point of redemption is everywhere where there is a purchase to make or a creditor to pay . These new bank issues are not to be a legal tender be- tween individuals , and are only to be ...
Page 15
... course of trade . We talk of the inconvenience of traveling on the continent of Europe , caused by the difference in the coins of each petty State , while the citizen of Pennsylvania or Illinois must visit the broker before he can visit ...
... course of trade . We talk of the inconvenience of traveling on the continent of Europe , caused by the difference in the coins of each petty State , while the citizen of Pennsylvania or Illinois must visit the broker before he can visit ...
Page 16
... course , that the Con- stitution of the United States contains any provision prohibiting the issue of notes or bills by private persons or associations . And if no clauses of State Constitutions and no State statute intervened , what ...
... course , that the Con- stitution of the United States contains any provision prohibiting the issue of notes or bills by private persons or associations . And if no clauses of State Constitutions and no State statute intervened , what ...
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Common terms and phrases
ad valorem agent American amount April authority award Bank of England Bank of France Barque bills bonds borrow Brazil Britain capital certificates China circulation coast coin commerce Congress Constitution contract cotton coupons court court of equity creditors currency demand deposits dollars duty England exports firm five per cent foreign France fund gold greenbacks hundred imports increase issue January July July 14 June labor legal tender legal-tender loan manufacture March ment merchants metals month National Banks Pacific paid paper money partner partnership party payable payment PELATIAH PERIT Peru ports pounds present principal production profits prosperity receipts received returns revenue Schleswig Schooner Secretary ships silver six per cent specie steam steamers taxation TILESTON tion tobacco tons Total trade Treasury notes treaty United Kingdom United States notes vessels whole York
Popular passages
Page 391 - We admit, as all must admit, that the powers of the government are limited, and that its limits are not to be transcended. But we think the sound construction of the Constitution must allow to the national legislature that discretion, with respect to the means by which the powers it confers are to be carried into execution, which will enable that body to perform the high duties assigned to it, in the manner most beneficial to the people.
Page 105 - The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities ; that is, in proportion to the revenue which they respectively enjoy under the protection of the state.
Page 274 - She is not afraid of the snow for her household: for all her household are clothed with scarlet.
Page 256 - None knew him but to love him, None named him but to praise.
Page 388 - The wolf also shall dwell with the lamb, and the leopard shall lie down with the kid; and the calf and the young lion and the falling together; and a little child shall lead them.
Page 455 - That the Secretary of the Treasury is hereby authorized to issue, on the credit of the United States, one hundred and fifty millions of dollars of United States notes, not bearing interest, payable to bearer, at the Treasury of the United States...
Page 390 - The Government then of the United States can claim no powers which are not granted to it by the Constitution; and the powers actually granted must be such as are expressly given, or given by necessary implication.
Page 454 - States notes that may be issued under the provisions of this act; and all stocks, bonds, and other securities of the United States held by individuals, corporations, or associations within the United States, shall be exempt from taxation by or under State authority.
Page 391 - The power of creating a corporation, though appertaining to sovereignty, is not, like the power of making war, or levying taxes, or of regulating commerce, a great substantive and independent power, which cannot be implied as incidental to other powers, or used as a means of executing them.
Page 391 - Let the end be legitimate, let it be within the scope of the Constitution, and all means which are appropriate, which are plainly adapted to that end, and which are not prohibited, but are consistent with the letter and spirit of the Constitution, are constitutional.