The Passing of the Gold Reserve: A Study in National Finance and Currency |
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Common terms and phrases
abroad accepting houses available gold supplies balances of trade bank notes Bank of England Bank of France Bank rate bank reserve Bank's bankers banking system basis of credit bills of exchange bonds borrowing British cent certainty of redemption CHAPTER check currency commercial bills currency system customers daily running expenses deposits depreciated Dollar emergency cur Emergency Currency English banking ernment Exchange rate Exchange value extent fact fiscal foreign exchanges full face value full legal tender function funds gold bars gold certificates gold coin gold reserve Governmental Treasury Haikwan heretofore interest internal revenue Latin Union legal tender notes legal tender Treasury loans London maintained ment modern country National Treasury note issue Notes secured operations outstanding paid in capital paper currency payment Peso pound sterling proportion of cash public Treasury redeemed rency require Secretary semi-governmental banking institutions Short Term Notes silver tender Treasury notes tion
Popular passages
Page 31 - Company of the Bank of England) or for any other persons whatsoever, united or to be united in covenants or partnerships, exceeding the number of six persons, in that part of Great Britain called England, to borrow, owe, or take up any sum or sums of money on their bills or notes payable on demand, or at any less time than six months from the borrowing thereof.
Page 2 - States provides that the Congress shall have power — To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures: To provide for the punishment of counterfeiting the securities and current coin of the United States.
Page 5 - 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 5 - Treasury notes shall be a legal tender in payment of all debts, public and private...
Page 10 - In accordance with the provisions' of section thirty-seven hundred of the Revised Statutes of the United States. If the Secretary of the Treasury is unable to restore and maintain the gold coin In the reserve fund by the foregoing methods, and the amount of such gold coin and bullion in said fund shall at any time fall below one hundred million dollars, then it shall be his...
Page 10 - ... such bonds to be payable at the pleasure of the United States after thirty years from the date of their issue ; and said bonds to be payable, principal and interest, in gold coin of the present standard value, and to be exempt from the payment of all taxes or duties of the United States...
Page 60 - I hereby proclaim the following estimate by the Director of the Mint of the values of foreign coins to be the values of such coins in terms of the money of account...
Page 6 - Treasury to prepare and provide for the redemption in this act authorized or required, he is authorized to use any surplus revenues, from time to time, in the Treasury, not otherwise appropriated, and to issue, sell, and dispose of, at not less than par, in coin, either of the...
Page 9 - Treasury a reserve fund of one hundred and fifty million dollars in gold coin and bullion, which fund shall be used for such redemption purposes only, and whenever and as often as any of said notes shall be redeemed from said fund it shall be the duty of the Secretary of the Treasury to use said notes so redeemed to restore and maintain...
Page 9 - 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...