Financial History of the United States: Fiscal, Monetary, Banking, and Tariff, Including Financial Administration and State and Local Finance, Volume 2 |
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Page 87
Whereas Cheves empha- sized contraction and economy , Biddle wanted to expand the Bank's note issue and make the ... By the terms of the Bank's charter , notes could be issued only by the parent bank and had to be signed by the ...
Whereas Cheves empha- sized contraction and economy , Biddle wanted to expand the Bank's note issue and make the ... By the terms of the Bank's charter , notes could be issued only by the parent bank and had to be signed by the ...
Page 141
notes ; 3.65 per cent , convertible , 1 - year notes ; and up to $ 50 million of non - interest - bearing Treasury notes redeemable on demand in specie . The last , the so - called " demand notes , " were acceptable in payment of public ...
notes ; 3.65 per cent , convertible , 1 - year notes ; and up to $ 50 million of non - interest - bearing Treasury notes redeemable on demand in specie . The last , the so - called " demand notes , " were acceptable in payment of public ...
Page 144
Therefore , on grounds of necessity , rather than choice , he proposed that the government issue on its own faith $ 50 million of non - interest - bearing Treasury notes which would be legal tender even though not redeemable in specie.5 ...
Therefore , on grounds of necessity , rather than choice , he proposed that the government issue on its own faith $ 50 million of non - interest - bearing Treasury notes which would be legal tender even though not redeemable in specie.5 ...
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Contents
The Meaning and Basic Trends of Financial History | 1 |
Monetary and International Fi nancial Policies | 4 |
26 | 7 |
Copyright | |
56 other sections not shown
Other editions - View all
Financial History of the United States: Fiscal, Monetary, Banking, and ... Paul Studenski,Herman Edward Krooss No preview available - 2011 |
Financial History of the United States: Fiscal, Monetary, Banking, and ... Paul Studenski,Herman Edward Krooss No preview available - 2011 |
Common terms and phrases
addition administration American Annual Report authorized balance bank reserves bankers banking system became began bill Bland-Allison Act Board borrowing budget capital cash cent certificates circulation cities coin colonies commercial banks Committee Comptroller Congress corporate cost currency declined deficit demand deposits depression duties economic established estimated excises expansion export favored Federal government Federal Reserve Federal Reserve Act Federal Reserve Board Federal Reserve System finance fiscal policy foreign funds gold standard government bonds greenbacks Hoover important income tax increased inflation interest rates investment issue June land levied loans member banks ment monetary money market money supply municipal National Bank Act national banks national-bank operations paper money payments pensions period President proposed purchase receipts recommended rediscount reduced refunding repealed Reserve banks retirement revenue Secretary securities Senate silver specie spending surplus tariff taxation tion Treasury notes Treasury's United veto York