Practical Information Concerning the Public Debt of the United States: With the National Banking LawsW.H.& O.H. Morrison, 1873 - 208 pages This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant. |
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Page 38
... Wallace , 26. ) The Chief Justice , who was Secretary of the Treasury at the time of the passage of the acts , therein says : " The act of February 25 , 1862 , pro- vided for the issue of these notes to the amount of one hun- dred and ...
... Wallace , 26. ) The Chief Justice , who was Secretary of the Treasury at the time of the passage of the acts , therein says : " The act of February 25 , 1862 , pro- vided for the issue of these notes to the amount of one hun- dred and ...
Page 39
... Wallace , 537. ) Reduction , & c . The amount in actual circulation , including demand notes , Highest amount reached its highest point about August 31 , 1865 , when it issued was $ 433,160,569 . At the time of the proclamation of the ...
... Wallace , 537. ) Reduction , & c . The amount in actual circulation , including demand notes , Highest amount reached its highest point about August 31 , 1865 , when it issued was $ 433,160,569 . At the time of the proclamation of the ...
Page 40
... Wallace , 29 , ) already re- ferred to : " Under the exigencies of the times it seems to have been thought inexpedient to attempt any provision for the re- demption of the United States notes in coin . " The law , therefore , directed ...
... Wallace , 29 , ) already re- ferred to : " Under the exigencies of the times it seems to have been thought inexpedient to attempt any provision for the re- demption of the United States notes in coin . " The law , therefore , directed ...
Page 41
... Wallace , 603. ) At that time two vacancies existed on the bench , of that court , and the decis- ion was not regarded throughout the country as conclusive upon the point raised . The question was again , in 1870 , brought before the ...
... Wallace , 603. ) At that time two vacancies existed on the bench , of that court , and the decis- ion was not regarded throughout the country as conclusive upon the point raised . The question was again , in 1870 , brought before the ...
Page 42
... Wallace , 258 ; ) nor in discharge of any contract made payable in specie or in com- modities or obligations of any kind , but only for debts which are payable in money generally , ( Trebilcock v . Wil- son et ux . , 12 Wallace , 687 ...
... Wallace , 258 ; ) nor in discharge of any contract made payable in specie or in com- modities or obligations of any kind , but only for debts which are payable in money generally , ( Trebilcock v . Wil- son et ux . , 12 Wallace , 687 ...
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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 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 payable semi-annually 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 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 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 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 82 - But none of said interest-bearing obligations not already due shall be redeemed or paid before maturity unless at such time United States notes shall be convertible into coin at the option of the holder, or unless at such time 6 bonds of the United States bearing a lower rate of interest than the bonds to be redeemed can be sold at par in coin.
Page 123 - ... 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 151 - An act to provide a national currency secured by a pledge of United States bonds, and to provide for the circulation and redemption thereof...
Page 116 - 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.