The Contraction of the Currency: An Argument ... Proving that the Circulating Medium of the Country Has Not Been Materially Diminished Since 1865

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Honest Money League of the Northwest, 1878 - Bonds - 64 pages

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Page 53 - 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 59 - 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 54 - ... 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 45 - ... 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 58 - 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 50 - 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 60 - 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 18 - 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 58 - 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 59 - 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.

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