Money and Legal Tender in the United States

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G. P. Putnam's Sons, 1877 - Currency question - 173 pages
 

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Page 84 - States in payment of taxes, excises, public lands, and all other dues to the United States, except for duties on imports; and also for all salaries and other debts and demands owing by the United States to individuals, corporations, and associations within the United States, except interest on the public debt, and in redemption of the national currency.
Page 89 - ... 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 65 - ... 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 87 - July, 1862; which is to be set apart as a sinking fund; and the interest of which shall in like manner be applied to the purchase or payment of the public debt, as the Secretary of the Treasury shall from time to time direct.
Page 7 - The United States in congress assembled shall also have the sole and exclusive right and power of regulating the alloy and value of coin struck by their own authority, or by that of the respective states..
Page 82 - 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 United States notes. The coin deposited for or representing the certificates of deposit 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...
Page 90 - States notes shall be convertible into coin at the option of the holder, or unless at such time bonds of the United States bearing a lower rate of interest than the bonds to be redeemed can be sold at par in coin. And the United States also solemnly pledges its faith to make provision at the earliest practicable period for the redemption of the United States notes in coin.
Page 8 - The Congress shall have power to coin money, regulate the value thereof, and of foreign coins, 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 7 - ... the United States in congress assembled. ARTICLE IX. The United States in congress assembled shall...
Page 154 - The subjects of foreign powers might 'suffer from the same cause, and hence the union be discredited and embroiled by the indiscretion of a single member. No one of these mischiefs is less incident to a power in the states to emit paper money, than to coin gold or silver.

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