Nationalization of Legal-tender Money by States and Subdivsions Designated "community" Depositing Noninterest-bearing 25-year Bonds as Security for the Issuance of Legal-tender Money at Cost of Coinage and of Service to Furnish Employment for the Unemployed, Etc: Hearings Before ... , 70-1 on H.R. 12288 ... 1928, Part 1; Parts 3-41928 - 122 pages |
Common terms and phrases
50 per cent annual April April 20 assessed valuation bank credits bankers Banking and Currency banking system bill bond or bonds bonds deposited borrowed canceled capital Chairman coin money commercial paper committee Congress Constitution COXEY currency debt discounts district dollar face value farmer Federal reserve act Federal reserve banks Federal reserve notes Federal reserve system fiat fiat money financing full legal tender going gold Government incorporated town inflation interest-bearing bonds issuance June 30 KING labor legal tender money Liberty bonds loans manufacturers Massillon member banks MOMAND money and banking money lenders municipality national banks national-bank notes needs noninterest noninterest-bearing 25-year bond Ohio one-half paid paper payment President printing production public improvements railroad real estate real property redeemed reserve bank notes retirement Secretary silver STEAGALL STEVENSON subcommittee subdivisions thereof township Treasury notes Treasury notes issued unemployed United WINGO
Popular passages
Page 47 - Labor is prior to and independent of capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration.
Page 46 - 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 96 - But there were false prophets also among the people, even as there shall be false teachers among you who privily shall bring in damnable heresies, even denying the Lord that bought them, and bring upon themselves swift destruction. And many shall follow their pernicious ways; by reason of whom the way of truth shall be evil spoken of.
Page 9 - ... eagles such as were coined when the contract was made, and this, not because of the intrinsic value of the coin, but because of its legal value. The eagles coined after 1834, were not money until they were authorized by law, and...
Page 47 - ... at the greatest elevation, may command the whole property and industry of the community, and control its fiscal operations.
Page 45 - We have now the honor to submit to the consideration of the United States in Congress assembled, that Constitution which has appeared to us the most advisable. The friends of our country have long seen and desired that the power of making war, peace, and treaties, that of levying money and regulating commerce, and the correspondent executive and judicial authorities, should be fully and effectually vested in the General Government of the Union...
Page 100 - Act, according to the latter is "to provide for the establishment of Federal Reserve Banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to esFEDERAL TRADE COMMISSION 237 tablish a more effective supervision of banking in the United States, and for other purposes.
Page 9 - Given a nation made up of liars and thieves, and all trade among its members must be carried on either by barter or by a currency of intrinsic value: nothing in the shape of...
Page 33 - States, and to issue circulating notes for the money borrowed, its power to define the quality and force of those notes as currency is as broad as the like power over a metallic currency under the power to coin money and to regulate the value thereof. Under the two powers, taken together, congress is authorized to establish a national currency, either in coin or in paper, and to make that currency lawful money for all purposes, as regards the national government or private individuals.
Page 93 - They died in torments, and their torments were embittered by insult and derision. Some were nailed on crosses; others sewn up in the skins of wild beasts, and exposed to the fury of dogs: others again, smeared over with combustible materials, were used as torches to illuminate the darkness of the night.