Money and Banking, Illustrated by American HistoryWe have determined this item to be in the public domain according to US copyright law through information in the bibliographic record and/or US copyright renewal records. The digital version is available for all educational uses worldwide. Please contact HathiTrust staff at hathitrust-help@umich.edu with any questions about this item. |
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Common terms and phrases
amount assets authorized bank notes Bank of England bank's bankers banking system became Biddle bills of credit bonds borrowing Boston branch branch banks bullion cash reserve cent certificates of deposit charter checks circulating notes clearing house clearing-house coinage colonial commercial comptroller Congress counterfeit country banks creditors currency debts demand denominations depositors deposits depreciation directors discount equal exchange export failed banks fiat money France free banks gold coin gold standard greenbacks History legal tender legal-tender notes legislature liabilities loans Massachusetts ment metal National Bank note issues outstanding paid panic paper passed payable persons political premium President profit receive redeem redemption Reichsbank repealed safety fund Secretary seigniorage Senate shareholders Sherman Act silver bullion silver certificates silver dollars specie payments Suffolk Bank suspension taxes tion trade Treasury notes trust companies United States notes vote York
Popular passages
Page 280 - 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 452 - In order to furnish suitable notes for circulation, the Comptroller of the Currency shall, under the direction of the Secretary of the Treasury, cause plates and dies to be engraved, in the best manner to guard against counterfeiting and fraudulent alterations, and shall have printed therefrom, and numbered, such quantity of circulating notes, in blank, of the denominations of one dollar, two dollars, three dollars, five dollars, ten dollars, twenty dollars, fifty dollars, one hundred dollars, five...
Page 136 - Congress has the constitutional power to make the treasury notes of the United States a legal tender in payment of private debts in time of peace as well as in time of war. Juillard v. Greenman, 110 US 421 ; 28 Am L. Reg. (N. 8.) 734. 6. To provide for the punishment of counterfeiting the securities and current coin of the United States.
Page 444 - ... shall be, to all intents and purposes, the child and heir at law of the person so adopting him or her, entitled to all the rights and privileges and subject to all the obligations of a child of such person begotten in lawful wedlock...
Page 142 - They bore, indeed, this character upon their face,. for they were made payable only "after the ratification of a treaty of peace between the Confederate States and the United States of America.
Page 278 - The charter of the bank of the United States expires in 1836, and its stockholders will most probably apply for a renewal of their privileges. In order to avoid the evils resulting from precipitancy in a measure involving such important principles, and such deep pecuniary interests, I feel that I cannot, in justice to the parties interested, too soon present it, to the deliberate consideration of the Legislature and the People.
Page 92 - We have suffered more from this cause," he says, " than from every other cause of calamity: it has killed more men, pervaded and corrupted the choicest interests of our country more, and done more injustice than even the arms and artifices of our enemies...
Page 95 - State, a few only excepted, and that the assembly is so well disposed to second your endeavors in bringing those murderers of our cause, the monopolizers, forestallers and engrossers, to condign punishment. It is much to be lamented that each State, long ere this, has not hunted them down as pests to society, and the greatest enemies we have to the happiness of America.
Page 161 - 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 159 - Treasury notes shall be a legal tender in payment of all debts, public and private, except where otherwise expressly stipulated in the contract, and shall be receivable for customs, taxes, and all public dues, and when so received may be reissued.