The Merchants' Magazine and Commercial Review, Volume 511864 |
From inside the book
Results 1-5 of 37
Page 19
... continued , contrary to hope and expectation , to midsummer , 1864 , and the public debt shall reach the utmost limit now anticipated , of seventeen hundred millions of dollars , the excess of revenue will reduce the debt , in the first ...
... continued , contrary to hope and expectation , to midsummer , 1864 , and the public debt shall reach the utmost limit now anticipated , of seventeen hundred millions of dollars , the excess of revenue will reduce the debt , in the first ...
Page 39
... notes , to send to the army to meet the May arrears of pay . The five per cent loan continued to drag , and as the 1st of June drew near it became necessary to resort to some new means of raising 1864. ] 39 Commercial Chronicle and Review .
... notes , to send to the army to meet the May arrears of pay . The five per cent loan continued to drag , and as the 1st of June drew near it became necessary to resort to some new means of raising 1864. ] 39 Commercial Chronicle and Review .
Page 40
... continued to rise in a manner to make further issues of legal tenders imprudent . The following mea- sures were then directed by telegram to the Assistant Treasury : 1. The rate of interest on the certificates of deposit or " temporary ...
... continued to rise in a manner to make further issues of legal tenders imprudent . The following mea- sures were then directed by telegram to the Assistant Treasury : 1. The rate of interest on the certificates of deposit or " temporary ...
Page 42
... a most hazardous experiment to reject offers made in open market . Through all these movements of the Treasury money continued very abundant , after the payment of the June interest on the five 42 [ July , Commercial Chronicle and Review .
... a most hazardous experiment to reject offers made in open market . Through all these movements of the Treasury money continued very abundant , after the payment of the June interest on the five 42 [ July , Commercial Chronicle and Review .
Page 43
... continued very active , and prices of most commodities rose rapidly on account of the large circulation of paper money , and the operation of new tariff , which , with the rise in gold , greatly enhanced the cost of all imported goods ...
... continued very active , and prices of most commodities rose rapidly on account of the large circulation of paper money , and the operation of new tariff , which , with the rise in gold , greatly enhanced the cost of all imported goods ...
Other editions - View all
Common terms and phrases
50 cents addition thereto amount annual association Bank of England Bank of France bills bonds British America capital cent No tax cent stamp cents per pound cents per square centum ad valorem certificate CHASE circulating notes COMMERCIAL common carrier companies Comptroller Congress cotton currency debt deposits duty England exceed exceeding exports feet fifty cents foreign Fort Abercrombie Fort Garry France Fund further enacted gallon gold hundred imported increase interest iron Island issued July June Kilauea Lake Winnipeg land legal tender less liable license tax loan Lower Canada manufactures ment merchandise miles National Banks organization certificate otherwise provided paid passengers payment person port production provinces receipts received River Secretary ship six per cent specie square yard thereof tion tons Total trade United United States notes usury valuation vessel York
Popular passages
Page 67 - To exercise by its board of directors or duly authorized officers or agents, subject to law, all such incidental powers as shall be necessary to carry on the business of banking; by discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debt; by receiving deposits; by buying and selling exchange, coin, and bullion; by loaning money on personal security; and by obtaining, issuing, and circulating notes according to the provisions of this title.
Page 75 - ... 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 83 - ... after the commission of an act of insolvency, or in contemplation thereof, made with a view to prevent the application of its assets in the manner prescribed by this chapter, or with a view to the preference of one creditor to another, except in payment of its circulating notes, shall be utterly null and void...
Page 72 - 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 68 - ... 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 65 - 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 75 - ... shall at all times have on hand, in lawful money of the United States, an amount equal to at least fifteen per centum of the aggregate amount of its notes in circulation, and of its deposits.
Page 66 - ... into articles of association, which shall specify in general terms the object for which the association is formed, and may contain any other provisions, not inconsistent with...
Page 80 - ... organization certificate may be executed by a majority of the directors of the bank or banking institution...
Page 81 - States bonds and otherwise, for the safekeeping and prompt payment of the public money deposited with them, and for the faithful performance of their duties as financial agents of the government...