What people are saying - Write a review
We haven't found any reviews in the usual places.
Other editions - View all
1o per cent adequate amount assumed Bank of England banks and bankers bills bonds Brosius bullion circulating notes coinage of silver commercial Commission Committee Congress Constitution contracted created debts declared demand obligations deposits discharge discount of merchants equal established gold and silver gold standard government notes greater greenbacks holder increase interest Issue and Redemption issuers issues of banks kind of money lawful money legal tender liabilities loans means measure ment merchandise metallic money Mississippi Company monetary national bank notes never nominal value operations outstanding paid paper money payable in gold present proper purchase purpose ratio received redeem reserves retirement revenues Secretary GAGE serve as money share capital silver certificates silver coins silver dollars Spanish dollar specie payments standard of value supply suspension of specie symbolic money tion treasury notes United States notes wants wholly
Page 327 - The United States in Congress assembled shall also have the sole and exclusive right and power of regulating the alloy and value of coin struck by their own authority, or by that of the respective states...
Page 126 - 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 152 - And it is hereby declared to be the policy of the United States to continue the use of both gold and silver as standard money, and to coin both gold and silver into money of equal intrinsic and exchangeable value, such equality to be secured through international agreement, or by such safeguards of legislation as will insure the maintenance of the parity in value of the coins of the two metals, and the equal power of every dollar at all times in the markets and in the payment of debts.
Page 58 - I can not assent. Mere precedent is a dangerous source of authority, and should not be regarded as deciding questions of constitutional power except where the acquiescence of the people and the States can be considered as well settled.
Page 80 - No political dreamer was ever wild enough to think of breaking down the lines which separate the states, and of compounding the American people into one common mass.
Page 123 - That any holder of the coin authorized by this act may deposit the same with the treasurer or any assistant treasurer of the United States...
Page 276 - Section 5138. No association shall be organized with a less capital than one hundred thousand dollars, except that banks with a capital of not less than fifty thousand dollars may. with the approval of the Secretary of the Treasury, be organized in any place the population of which does not exceed six thousand inhabitants...
Page 31 - Waiving the question of the constitutional authority of the Legislature to establish an incorporated bank as being precluded in my judgment by repeated recognitions under varied circumstances of the validity of such an institution in acts of the legislative, executive, and judicial branches of the Government, accompanied by indications, in different modes, of a concurrence of the general will of the nation...
Page 58 - If the opinion of the supreme court covered the whole ground of this act, it ought not to control the co-ordinate authorities of this government. The congress, the executive, and the court, must each for itself be guided by its own opinion of the constitution.
Page 195 - The substitution of paper in the room of gold and silver money, replaces a very expensive instrument of commerce with one much less costly, and sometimes equally convenient. Circulation comes to be carried on by a new wheel, which it costs less both to erect and to maintain than the old one.