United States Notes: A History of the Various Issues of Paper Money by the Government of the United StatesC. Scribner's Sons, 1884 - 247 pages |
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Page vi
... passed , and for the first time , notes having the quality of legal tender , and intended to circulate as money , were is- sued by the United States Treasury . These notes were at first fundable in United States bonds , and had not this ...
... passed , and for the first time , notes having the quality of legal tender , and intended to circulate as money , were is- sued by the United States Treasury . These notes were at first fundable in United States bonds , and had not this ...
Page 3
... passed a bill to extend the act of 1720 , known as the bubble act , to the American colonies , with the intention of breaking up all companies formed for the purpose of issuing paper money . Under this act both the land bank and the ...
... passed a bill to extend the act of 1720 , known as the bubble act , to the American colonies , with the intention of breaking up all companies formed for the purpose of issuing paper money . Under this act both the land bank and the ...
Page 6
... passing the said notes , as tending to defraud men of their sub- stance and to disturb the peace and good order of the people , and to give great interruption and bring much confusion into their trade and business . " Subsequently , on ...
... passing the said notes , as tending to defraud men of their sub- stance and to disturb the peace and good order of the people , and to give great interruption and bring much confusion into their trade and business . " Subsequently , on ...
Page 7
... passed by Parliament in 1720. In 1740 another enactment was made , extending the provisions of the act of 1720 to the American colo- nies , where it had been disregarded . Banking in those days consisted merely in the privilege of ...
... passed by Parliament in 1720. In 1740 another enactment was made , extending the provisions of the act of 1720 to the American colo- nies , where it had been disregarded . Banking in those days consisted merely in the privilege of ...
Page 10
... passed for a year longer , and finally depreciated to 1,000 to 1 , and then ceased to circulate . According to Thomas Jefferson , but 200 millions of the first emission was issued , which was the amount au- thorized by resolution of ...
... passed for a year longer , and finally depreciated to 1,000 to 1 , and then ceased to circulate . According to Thomas Jefferson , but 200 millions of the first emission was issued , which was the amount au- thorized by resolution of ...
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Common terms and phrases
27th Congress act of February act of June act of March amendment authorized the issue bearing interest bills of credit bonds borrow money Chief Justice clause coin money coinage Committee Constitution contracts court December demand notes denominations deposit depreciated duties emit bills exercise favor February 24 fifty millions five millions fractional currency fundable funds gold and silver Government House issue of treasury January January 14 July 17 June 23 June 30 legal tender legal-tender notes legislation less loan measure ment national banks necessity notes issued notes were issued October October 12 opinion paid paper money passed payment of debts power to borrow private debts prohibited public debt public dues rate of interest receivable in payment redeemable reissued revenue Secretary Senate silver certificates silver coin silver dollar specie payment surplus tender in payment tion treas treasury notes United States notes Veazie Bank vote
Popular passages
Page 125 - to raise and support Armies" and "to provide and maintain a Navy.
Page 200 - We admit, as all must admit, that the powers of the Government are limited, and that its limits are not to be transcended. But we think the sound construction of the Constitution must allow to the National Legislature that discretion with respect to the means by which the powers it confers are to be carried into execution, which will enable that body to perform the high duties assigned to it in the manner most beneficial to the people.
Page 159 - Congress a power to lay and collect taxes, duties, imposts, and excises ; to pay the debts, and provide for the common defence, and general welfare of the United States, and to make all laws which shall be necessary and proper for carrying into execution the powers vested by the Constitution in the Government of the United States...
Page 194 - 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 169 - To avoid these evils, it appears to me that the most safe, just and federal disposition which could be made of the surplus revenue, would be its apportionment among the several states according to their ratio of representation ; and should this measure not be found warranted by the constitution, that it would be expedient to propose to the states an amendment authorizing it.
Page 195 - And on and after the first day of January, anno Domini eighteen hundred and seventy-nine, the Secretary of the Treasury shall redeem in coin the United States legal-tender notes then outstanding, on their presentation for redemption at the office of the Assistant Treasurer of the United States in the city of New York, in sums of not less than fifty dollars.
Page 155 - States, in sums not less than ten dollars, and receive therefor certificates of not less than ten dollars each, corresponding with the denominations of the United States notes. The coin deposited for or representing the certificates shall be retained in the Treasury for the payment of the same on demand.
Page 197 - If any one proposition could command the universal assent of mankind, we might expect it would be this: that the government of the Union, though limited in its powers, is supreme within its sphere of action.
Page 195 - ... 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 178 - That the money which shall be in the Treasury of the United States, on the first day of January, eighteen hundred and thirty-seven, reserving the sum of five millions of dollars, shall be deposited with such of the several States, in proportion to their respective representation in the Senate and House of Representatives of the United States, as shall, by law, authorize their Treasurers, or other competent authorities to receive the same on the terms hereinafter specified...