Memoranda Concerning Government Bonds, for the Information of Investors ... Also, Directions for Buying and Selling Securities in the New York Market ...

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Fisk & Hatch, 1881 - Government securities - 103 pages
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Page 31 - 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 34 - ... 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 38 - States notes that may be issued under the provisions of this act; and all stocks, bonds, and other securities of the United States held by individuals, corporations, or associations within the United States, shall be exempt from taxation by or under State authority.
Page 36 - And the United States also solemnly pledges its faith to make provision at the earliest practicable period for the redemption of the United States notes in coin.
Page 31 - And to enable the Secretary of the Treasury to prepare and provide for the redemption in this act authorized or required, he is authorized to use any surplus revenue, from time to time, in the Treasury not otherwise appropriated ; and to issue, sell, and dispose of, at not less than par, in coin, either of the descriptions of bonds of the United States, described in the Act of Congress approved July fourteenth.
Page 36 - ... that the faith of the United States is solemnly pledged to the payment in coin or its equivalent of all the obligations of the United States not bearing interest, known as United States notes, and of all the interest-bearing obligations of the United States...
Page 11 - ... which interest may be paid in United States treasury notes or any other money or currency which the United States have or shall declare lawful money and a legal tender...
Page 34 - ... 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 36 - States is solemnly pledged to the pay-ment in coin or its equivalent of all the obligations of the United States not bearing interest, known as United States notes, and of all the interest-bearing obligations of the United States, except in cases where the law authorizing the issue of any such obligation has expressly provided that the same may be paid in lawful money or other currency than gold and silver.

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