Practical Information Concerning the Public Debt of the United States: With the National Banking LawsW.H.& O.H. Morrison, 1873 - 208 pages |
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Page 31
... canceled . & c . 7 . CURRENCY SIXES ; or PACIFIC RAILWAY BONDS . ?? These bonds are commonly known as " CURRENCY SIXES , because they bear six per cent . interest , and are the only bonds of the United States payable , principal and ...
... canceled . & c . 7 . CURRENCY SIXES ; or PACIFIC RAILWAY BONDS . ?? These bonds are commonly known as " CURRENCY SIXES , because they bear six per cent . interest , and are the only bonds of the United States payable , principal and ...
Page 38
... canceled or destroyed , there may be issued equal amounts of United States notes , such as are authorized by this act . * * * * * * And the holders of United States notes , issued under and by virtue of said acts , [ of February 25 and ...
... canceled or destroyed , there may be issued equal amounts of United States notes , such as are authorized by this act . * * * * * * And the holders of United States notes , issued under and by virtue of said acts , [ of February 25 and ...
Page 39
... canceled within six months from the passage of this act , and thereafter not more than four millions of dollars in ... canceling United States notes , shall be , and is hereby , suspended ; but nothing herein contained shall ...
... canceled within six months from the passage of this act , and thereafter not more than four millions of dollars in ... canceling United States notes , shall be , and is hereby , suspended ; but nothing herein contained shall ...
Page 44
... canceled and destroyed . Less than a hundred thousand dollars remain outstand- ing , and these , or all that are in existence , will soon be redeemed . They were dated August 10 , 1861 , were made payable on demand by the Assistant ...
... canceled and destroyed . Less than a hundred thousand dollars remain outstand- ing , and these , or all that are in existence , will soon be redeemed . They were dated August 10 , 1861 , were made payable on demand by the Assistant ...
Page 47
... canceled . The 3 - cent and 5 - cent notes have ceased to be printed , and those paid in have not been reissued since the passage of those acts . The 15 - cent note was introduced in 1869 , and belongs to the now latest series . The new ...
... canceled . The 3 - cent and 5 - cent notes have ceased to be printed , and those paid in have not been reissued since the passage of those acts . The 15 - cent note was introduced in 1869 , and belongs to the now latest series . The new ...
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Common terms and phrases
1st day act of July act of March act to provide aforesaid America in Congress annum appointed assignment Assistant Treasurer asso attorney average amount bearing interest canceled capital stock centum certificates of deposit chapter ciation circulating notes Comptroller Congress assembled coupon bonds court defaced demand notes denominations Depositaries directors duplicate eighteen hundred entitled An act exceeding exchange February 25 fifty millions fractional currency Funded Loan further enacted gold Government holders hundred millions Jan'y July 14 June 30 lawful money less than five ment millions of dollars national currency notary public notes issued organization certificate outstanding paid payment person pledge of United public debt purchase receive redeemable registered bonds registered stock Secretary Senate and House six per cent Temporary loan thereof thousand dollars tion transfer Treasury Department treasury notes United States bonds United States notes Veazie Bank Wallace
Popular passages
Page 36 - ... 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 119 - Loans (Sec. 5200). —The total liabilities to any association, of any person, or of any company, corporation, or firm for money borrowed, including in the liabilities of a company or firm the liabilities of the several members thereof, shall at no time exceed onetenth part of the amount of the capital stock of such association actually paid in.
Page 123 - No association shall make any loan or discount on the security of the shares of its own capital stock, nor be the purchaser or holder of any such shares, unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith...
Page 108 - ... shall be held individually responsible, equally and ratably, and not one for another, for all contracts, debts and engagements of such association to the extent of the amount of their stock therein at the par value thereof, in addition to the amount invested in such shares...
Page 120 - The taking, receiving, reserving, or charging a rate of interest greater than is allowed by the preceding section, when knowingly done, shall be deemed a forfeiture of the entire interest which the note, bill, or other evidence of debt carries with it, or which has been agreed to be paid thereon.
Page 119 - Such as shall be conveyed to it in satisfaction of debts previously contracted in the course of its dealings.
Page 137 - And in cases of such violation, every director who participated in or assented to the same shall be held liable in his personal and individual capacity, for all damages which the association, its shareholders, or any other person, shall have sustained in consequence of such violation.
Page 123 - No national banking association shall at any time be indebted, or in any way liable, to an amount exceeding the amount of its capital stock at such time actually paid in and remaining undiminished by losses or otherwise, except on account of demands of the nature following: "First.
Page 116 - And the same shall be received at par in all parts of the United States in payment of taxes, excises, public lands, and all other dues to the United States, except 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 152 - An act to provide a national currency secured by a pledge of United States bonds, and to provide for the circulation and redemption thereof...