Money and Banking: Illustrated by American HistoryGinn, 1911 - 541 pages |
Contents
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Common terms and phrases
amount assets authorized bank notes Bank of England bank's bankers banking law banking system became Biddle bills of credit bonds borrowing Boston branch branch banks bullion cash reserve cent certificates of deposit charter checks circulating notes clearing house clearing-house coinage colonies commercial comptroller Congress counterfeit country banks creditors currency debts demand denominations depositors deposits depreciation directors discount equal export failed banks France free banks gold coin gold standard greenbacks History issue notes legal tender legal-tender notes legislature liabilities loans Massachusetts ment metal National Bank note issues outstanding paid panic paper passed payable persons political premium President profit receive redeem redemption Reichsbank repealed safety fund Secretary seigniorage Senate shareholders Sherman Act silver bullion silver certificates silver dollars specie payments Suffolk Bank suspension taxes tion trade Treasury notes trust companies United States notes vote York
Popular passages
Page 517 - FEDERAL RESERVE ACT An Act To provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other
Page 154 - redeem in coin the United States legal-tender notes then outstanding, on their presentation for redemption at the office of the assistant treasurer of the United States in the city of New York, in sums of not less than fifty dollars.
Page 277 - at any time otherwise order and direct ; in which case the Secretary of the Treasury shall immediately lay before Congress, if in session, and if not, immediately after the commencement of the next session, the reasons of such order or direction. The bank was
Page 159 - the established policy of the United States to maintain the two metals on a parity with each other upon the present legal ratio or such ratio as may be established by law.
Page 95 - that each state, long ere this, has not hunted them down as pests to society and the greatest enemies we have to the happiness of America. I would to God that some one of the more atrocious in each state was hung in gibbets upon a gallows five times as high as the one prepared by Haman.
Page 184 - WE Curtis, assistant secretary of the Treasury, drew attention to the following clause of the Revised Statutes: SEC. 3700. The Secretary of the Treasury may purchase coin with any bonds or notes of the United States authorized by law, at such rates and upon such terms as he may deem most advantageous to the public interest.
Page 524 - the board of directors of the Federal reserve bank of the district. The chairman shall make lists of the district reserve electors thus named by banks in each of the aforesaid three groups and shall transmit one list to each elector in each group. Each member bank shall be permitted to nominate to the chairman one candidate
Page 539 - To suspend or remove any officer or director of any Federal reserve bank, the cause of such removal to be forthwith communicated in writing by the Federal Reserve Board to the removed officer or director and to said bank. (g ) To require the writing off of doubtful or worthless assets upon the books and balance sheets of Federal reserve banks.