American Money

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E.J. Decker, 1889 - Currency question - 45 pages
 

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Page 14 - That the value of foreign coin as expressed in the money of account of the United States shall be that of the pure metal of such coin of standard value...
Page 13 - ... legal tender in all payments at their nominal value when not below the standard weight and limit of tolerance provided in this act for the single piece, and when reduced in weight, below said standard and tolerance, shall be a legal tender at valuation in proportion to their actual weight...
Page 15 - ... so base as to be unsuitable for the operations of the mint ; and when gold and silver are combined, if either metal be in such small proportion that it cannot be separated advantageously, no allowance shall be made to the depositor for its value.
Page 12 - 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, 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 43 - States legal-tender notes. 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...
Page 30 - July 14, 1890, are legal tender for all debts, public and private, except where otherwise expressly stipulated in the contract. United States notes are legal tender for all debts, public and private, except duties on imports and interest on the public debt.
Page 7 - ... silver coins shall be such that of one thousand parts by weight nine hundred shall be of pure metal and one hundred of alloy, and the alloy shall be of copper.
Page 11 - January 18, 1837, 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, 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 25 - ... legal tender at their nominal value for any amount not exceeding five dollars in any one payment.
Page 12 - ... and the Secretary of the Treasury is authorized and directed to purchase, from time to time, silver bullion at the market price thereof,, not less than $2,000,000 worth per month, nor more than $4,000,000 worth per month, and cause the same to be coined monthly as fast as so purchased into such dollars...

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