Our Money Wars: The Example and Warning of American Finance |
Contents
| 57 | |
| 67 | |
| 73 | |
| 80 | |
| 86 | |
| 92 | |
| 100 | |
| 104 | |
| 106 | |
| 112 | |
| 119 | |
| 125 | |
| 131 | |
| 132 | |
| 138 | |
| 144 | |
| 150 | |
| 154 | |
| 157 | |
| 169 | |
| 216 | |
| 221 | |
| 228 | |
| 234 | |
| 237 | |
| 240 | |
| 246 | |
| 252 | |
| 254 | |
| 264 | |
| 279 | |
| 285 | |
| 291 | |
| 298 | |
| 304 | |
| 310 | |
| 316 | |
| 321 | |
Other editions - View all
Common terms and phrases
Act of July Act of March American amount authorized Bank of England Bank of France bankers bill bonds brokers bullion bullionists capital cause Clearing-house coinage Congress contraction creditors currency debt Demand notes Democratic deposits depreciated discount Europe exchange fact February 25 five per cent foreign France gold and silver gold-bugs Gould Government Greenbacks House India interest issue January John Sherman July 17 labor lawful money legal tender legal-tender notes loan March 17 ment metals millions months paid panic paper money party passed pounds premium President purchased railroad received redeem resumption says Secretary securities sell Senate Seney Seney Syndicate Sherman silver coin silver dollar six per cent sold specie payments speculation suspended taxes three per cent tion trade trade dollar Treasury notes Tribune United United States notes Wall Street Warwick Martin wheat York
Popular passages
Page 59 - But, when the laws undertake to add to these natural and just advantages, artificial distinctions, to grant titles, gratuities, and exclusive privileges, to make the rich richer, and the potent more powerful, the humble members of society, the farmers, mechanics, and laborers, who have neither the time nor the means of securing like favors to themselves, have a right to complain of the injustice of their government There are no necessary evils in government.
Page 58 - 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 49 - But, for the interests of the Community at large, as well as for the purposes of the Treasury, it is essential that the Nation should possess a currency of equal value, credit and use, wherever it may circulate. The Constitution has entrusted Congress, exclusively, with the power of creating and regulating a currency of that description...
Page 59 - It is maintained by some that the bank is a means of executing the constitutional power "to coin money and regulate the value thereof." Congress have established a mint to coin money and passed laws to regulate the value thereof.
Page 256 - Act in reference to certifying checks by national banks," approved March third, eighteen hundred and sixty-nine, being section fifty-two hundred and eight of the Revised Statutes of the United States, or who shall resort to any device, or receive any fictitious obligation, direct or collateral, in order to evade the provisions thereof, or who shall certify checks before the amount thereof shall have been regularly entered to the credit of the dealer upon the books of the banking association...
Page 301 - ... in denominations of not less than twenty dollars each, corresponding with the denominations of United States notes. The coin deposited for or representing the certificates of deposit 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...
Page 43 - Resolved, That the Committee of Ways and Means be directed to inquire into the expediency of authorizing the Secretary of the Treasury to issue notes convenient for circulation...
Page 301 - 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 52 - The introduction of the precious metals for the purposes of money may with truth be considered as one of the most important steps towards the improvement of commerce and the arts of civilized life ; but it is no less true, that, with the advancement of knowledge and science, we discover that it would be another improvement to banish them again from the employment to which, during a less enlightened period, they had been so advantageously applied.
Page 145 - ... the faith of the United States is solemnly pledged to the payment in coin, or its equivalent, of all t he obligations of the United States...