Seventeen Talks on the Banking Question

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Financial reform publishing Company, 1913 - Banks and banking - 514 pages
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Page 463 - What is the interest of $ 81, for 2 years 14 days, at per cent. ? per cent. ? per cent. ? 2 per cent. ? 3 per cent. ? 4 per cent. ? 5 per cent. ? 6 per cent. ? 7 per cent. ? 7 per cent. ? 8 per cent.
Page 423 - ... in all parts of the United States in payment of taxes, excises, public lands, and all other dues to the United States, except for duties on imports ; and also for all salaries and other debts and demands owing by the United States to individuals, corporations, and associations within the United States, except interest on the public debt, and in redemption of the national currency.
Page 171 - Most unquestionably there is no legal tender, and there can be no legal tender, in this country, under the authority of this government or any other, but gold and silver, either the coinage of our own mints, or foreign coins, at rates regulated by Congress. This is a constitutional principle, perfectly plain, and of the very highest importance.
Page 406 - That at the expiration of six months from the passage of this Act the President of the United States shall issue his proclamation declaring the lands embraced within the present reservation of said Indians except such portions as may have been allotted or reserved under the provisions of the preceding sections of...
Page 461 - It is evident that if the opportunity for the free and unlimited coinage of silver at the ratio of 16 to 1 had still existed, there would have been another sudden change in the actual monetary standard.
Page 167 - Madison, who became satisfied that striking out the words would not disable the government from the use of public notes, so far as they could be safe and proper, and would only cut off the pretext for a paper currency, and particularly for making the bills a tender, either for public or private debts.
Page 168 - Ellsworth thought this a favorable moment to shut and bar the door against paper money. The mischiefs of the various experiments which had been made were now fresh in the public mind, and had excited the disgust of all the respectable part of America.
Page 169 - Read thought the words, if not struck out, would be as alarming as the mark of the beast in Revelation. Mr. Langdon had rather reject the whole plan than retain the three words,
Page 187 - The power, as incident to the power of borrowing money and issuing bills or notes of the government for money borrowed, of impressing upon those bills or notes the quality of being a legal tender for the payment of private debts, was a power universally understood to belong to sovereignty, in P'urope and America, at the time of the framing and adoption of the Constitution of the United States.
Page 155 - The usual course of events where bills of credit were issued was as follows : (1) emission ; (2) disappearance of specie ; (3) counterfeiting ; (4) wearing out of bills; (5) calling in and replacing worn and counterfeited issues with new ones ; (6) extending the time for old ones to run, especially those which had been placed on loan ; (7) depreciation ; (8) repudiation of early issues in part and the emission of others, called

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