Money and Banking Illustrated by American HistoryGinn & Company, 1895 - 488 ページ |
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adopted amount bank notes Bank of England bank's bankers banking law bills of credit bimetallism bonds Boston branch branch bank bullion capital cent certificates Charles Fremantle charter circulating notes clearing house coinage colonies committee Comptroller Congress counterfeit currency debts demand deposits depreciation directors discount England exchange exported favor fiat money France free banks gold and silver gold coin Gold Room gold standard greenbacks holders interest Latin Union latter legal tender legal tender notes Legislature liable loans market ratio ment metal millions monetary mortgage national banks opinion ounces paid panic paper money passed payable persons premium President receive redeem redemption safety fund says Secretary Senate shareholders shillings silver coins silver dollar silver standard South Carolina specie payments Suffolk Suffolk Bank suspended things tion tobacco trade treasury notes United United States notes vote York
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280 ページ - Both the constitutionality and the expediency of the law creating this bank, are well questioned by a large portion of our fellow-citizens ; and it must be admitted by all that it has failed in the great end of establishing a uniform and sound currency.
437 ページ - But the Comptroller may withhold from an association his certificate authorizing the commencement of business whenever he has reason to suppose that the shareholders have formed the same for any other than the legitimate objects contemplated by this Title.
133 ページ - We have suffered more from this cause," he says, " than from every other cause of calamity: it has killed more men, pervaded and corrupted the choicest interests of our country more, and done more injustice than even the arms and artifices of our enemies...
204 ページ - Provided, That the Secretary of the Treasury shall suspend the issue of such gold certificates whenever the amount of gold coin and gold bullion in the Treasury reserved for the redemption of United States notes...
273 ページ - ... nation, but to adjust and discharge the balance of exchanges between different nations. It must be something which has a value abroad as well as at home, by which foreign as well as domestic debts can be satisfied. The precious metals alone answer these purposes. They alone, therefore, are money, and whatever else is to perform the functions of money must be their representative, and capable of being turned into them at will. So long as bank paper retains this quality it is a substitute for money-;...
142 ページ - Every day's experience proves more and more that the present mode of supplies is the most uncertain, expensive, and injurious that could be devised. It is impossible for us to form any calculations of what we are to expect, and, consequently, to concert any plans for future execution. No adequate provision of forage having been made, we are now obliged to subsist the horses of the army by force, which, among other evils, often gives rise to civil...
136 ページ - State, a few only excepted, and that the assembly is so well disposed to second your endeavors in bringing those murderers of our cause, the monopolizers, forestallers and engrossers, to condign punishment. It is much to be lamented that each State, long ere this, has not hunted them down as pests to society, and the greatest enemies we have to the happiness of America. I would to God, that some one of the most atrocious in each State was hung in gibbets upon a gallows five times as high as the one...
266 ページ - That, holding the opinion (as a majority of the committee do) that the constitution did not authorize Congress originally to grant the charter, it follows, as a necessary consequence of that opinion, that an extension of it, even under the restrictions contemplated by the stockholders, is equally repugnant to the constitution.
296 ページ - It has all the fury of a chained panther biting the bars of his cage. It is really a manifesto of anarchy...