Money in Politics |
Other editions - View all
Common terms and phrases
amendments authorizing the issue bank issues bi-metallic bill certificates CHAPTER circulating medium coin value coinage of silver colonies commodities conference Congress Constitution contract court currency declared delegates demand demand notes deposits depreciation England exchange exchange value existence face value favor February 25 FISCAL fixed fractional notes gold and silver gold coin gold dollar grains of pure House increased interest June 30 Justice Latin Union legal tender notes legislation less loan ment metals monetary national banks obligations obtain outstanding paid paper dollar paper money pieces pound sterling premium President proposition purchase pure silver purpose ratio received redeemed redemption reduced reserve resumption Resumption Act secure Senate shillings silver bullion silver coin silver dollar six per cent Spanish dollar specie payments standard tender in payment tion trade dollar Treasury notes unit of account United States notes wealth weight York
Popular passages
Page 166 - It appears to us to follow, as a logical and necessary consequence, that congress has the power to issue the obligations of the United States in such form, and to impress upon them such qualities as currency for the purchase of merchandise and the payment of debts, as accord with the usage of sovereign governments.
Page 194 - ... shall be a 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 268 - 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 168 - ... debts being one of the powers belonging to sovereignty in other civilized nations, and not expressly withheld from Congress by the Constitution ; we are irresistibly impelled to the conclusion that the impressing upon the treasury notes of the United States the quality of being a legal tender in payment of private debts is an appropriate means, conducive and plainly adapted to the execution of the undoubted powers of Congress, consistent with the letter and spirit of the Constitution, and therefore,...
Page 132 - ... that the faith of the United States is solemnly pledged to the payment in coin or its equivalent of all the...
Page 167 - Congress, as the legislature of a sovereign nation, being expressly empowered by the constitution "to lay and collect taxes, to pay the debts and provide for the common defense and general welfare of the United States," and "to borrow money on the credit of the United States...
Page 88 - ... and such notes herein authorized shall be receivable in payment of all taxes, internal duties, excises, debts and demands of every kind due to the United States, except duties on imports, and of all claims and demands against the United States of every kind whatsoever, except for interest upon bonds and notes, which shall be paid in coin, and shall also be lawful money and a legal tender in payment of all debts, public and private...
Page iv - SOME years since, Mademoiselle Zelie, a singer of the Theatre Lyrique at Paris, made a professional tour round the world, and gave a concert in the Society Islands. In exchange for an air from Norma and a few other songs, she was to receive a third part of the receipts. When counted, her share was found to consist of three pigs, twenty-three turkeys, forty-four chickens, five thousand cocoa-nuts, besides considerable quantities of bananas, lemons, and oranges.
Page 88 - ... 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 249 - ... with the concurrence of the Secretary of the Treasury, so as to equal but not exceed, in their judgment, the actual average cost to each mint and assay-office of the material, labor, wastage, and use of machinery employed in each of the cases aforementioned.