Resumption and the Silver Question: Embracing a Sketch of the Coinage and of the Legal-tender Currencies of the United States and Other Nations. A Hand-book for the Times |
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Common terms and phrases
1st of January accumulation amount of coin amount of gold Assignats bad Parliaments Bank of England bank-notes banker Bezant bonds bullion value capital cent certificates certificates of deposit circulation coin equal coin reserves coinage commercial Committee Congress consequently contract debt demand liabilities demand notes demonetizing deposits depreciated discharged discount drawn effect equivalent ernment EWING exchange exported favor France gold and silver government money government notes greenbacks hand holders increase interest issue issuer of currency kind Kublai Khan labor legal tender legal-tender notes maintain resumption matter means ment merchandise metal millions Mongols national banks never nominal value notes and credits paid paper money payable payment present provision ratio reason receive redeem redemption reduced rency result resume Resumption Act retirement SECRETARY SHERMAN seigniorage silver bill silver coin silver dollar speedily standard Tabriz tion Treasury United States notes whole amount wholly
Popular passages
Page 142 - HIGH on a throne of royal state, which far Outshone the wealth of Ormus and of Ind, Or where the gorgeous East with richest hand Showers on her kings barbaric pearl and gold...
Page 125 - January 18th, 1837, on which shall be the devices and the superscriptions provided by said 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 192 - That from and after the passage of this act, the authority of the Secretary of the Treasury to make any reduction of the currency, by retiring or cancelling United States notes shall be, and is hereby, suspended...
Page 126 - That any holder of the coin authorized by this act may deposit the same with the Treasurer or any assistant treasurer of the United States...
Page 80 - Yet it may well be doubted whether all the misery which had been inflicted on the English nation in a quarter of a century by bad Kings, bad Ministers, bad Parliaments, and bad Judges, was equal to the misery caused in a single year by bad crowns and bad shillings.
Page 125 - January eighteenth, eighteen hundred thirty-seven, on which shall be the devices and superscriptions provided by said act; which coins together with all silver dollars heretofore coined by the United States, of like weight and fineness...
Page 80 - Cheshire, the applejuice foamed in the presses of Herefordshire, the piles of crockery glowed in the furnaces of the Trent, and the barrows of coal rolled fast along the timber railways of the Tyne. But when the great instrument of exchange became thoroughly deranged, all trade, all industry were smitten as with a palsy. The evil was felt daily and hourly in almost every place and by almost every class, in the dairy and on the...
Page 194 - ... 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 126 - States, in sums not less than twenty dollars, and to issue certificates therefor in denominations of not less than twenty dollars each, corresponding •with the denominations of the United States notes. The coin and bullion deposited for or representing the certificates of deposit shall be retained in the Treasury for the payment of the same on demand.
Page 238 - On these principles, it will be seen that it is not necessary that paper money should be payable in specie to secure its value ; it is only necessary that its quantity should be regulated according to the value of the metal which is declared to be the standard.