Money and Legal Tender in the United States |
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Common terms and phrases
according Act of February Act of January Act of March actual adopted alloy America amount appears authorized Bank bars become bullion cent changed CHAPTER charge China circulation coinage Confederation Congress considerable Constitution contained continued copper currency denomination discontinued double standard doubt effect equal established estimated exchange existing exported fact fineness five fixed foreign coins four fractional France further Germany given gold and silver gold coins Government grains important increase issue Italy legal tender legal-tender less limited manufacture metals mines Mint Mints money of account money standard nominal notes ounce payment period piece pound present probably production provisions pure silver quantity ratio received reduced reference regulate represented respect shillings silver coins silver dollar Spanish dollar stamped stand standard sterling sums tion trade dollar Treasury troy United United States notes weight
Popular passages
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.
Bibliographic information
| Title | Money and Legal Tender in the United States |
| Author | Henry Richard Linderman |
| Publisher | G. P. Putnam's Sons, 1877 |
| Original from | Harvard University |
| Digitized | 28 Sep 2007 |
| Length | 173 pages |
| Export Citation | BiBTeX EndNote RefMan |