Annual Report of the Secretary of the Treasury on the State of the FinancesTreasury Department, 1872 |
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&c.—Continued 00 1 collector 00 1 deputy 00 1 inspector act of July act of March appropriation April Assistant Treasurer Balance beacon bonds branch mint Cape cent centum certificates circulation City claims clerk coast coin collector and inspector Consols Delaware Demand Notes Department deposits deputy collector disbursing dividends eastern district ended June 30 entrance erection expenses fiscal year ended Five-twenties fog-signal Fractional Currency gold Harbor Illinois interest internal revenue Iowa issue Kansas Lake Lake Michigan light light-house light-ship Loan March 31 Maryland Massachusetts Michigan Miscellaneous National Bank North Carolina number of persons Ohio Oregon outstanding Pacific paid payment Penobscot Bay Point Post-Office public debt purchase receipts received Redeemed redemption registered repairs Rhode Island River Saint salaries screw-pile Second district September 30 Shoal South spindle statement station Third district tion Total number tower United States Army United States Navy vessels Virginia Washington Wisconsin York
Popular passages
Page 88 - States shall be first satisfied, and the priority hereby established shall extend as well to cases in which a debtor, not having sufficient property to pay all his debts, makes a voluntary assignment thereof, or in which the estate and effects of an absconding, concealed, or absent debtor are attached by process of law, as to cases in which an act of bankruptcy is committed.
Page 89 - States any deficiency in redeeming the notes of such association, the Comptroller shall make a ratable dividend of the money so paid over to him by such receiver on all such claims as may have been proved to his satisfaction or adjudicated in a court of competent jurisdiction...
Page 64 - Every National banking association, State bank, or State banking association, shall pay a tax of ten per centum on the aliiount of notes of any person, State bank, or State banking association used for circulation, and paid out by them...
Page 167 - ... the proper and authorized expenses for the movements and operations of an army not expressly assigned to any other department.
Page 255 - The truth is, that the number of clerks in many of the offices is inadequate to the safe conduct of the public business. The requirement of too many and various duties of one and the same person, prevents the application of the proper safeguards that prudence demands for the safe transaction of official business. The losses sustaied in this office, and the large and more recent one in the office of the Assistant Treasurer in the city of New York, are almost, if not entirely, due to the fact that...
Page 89 - AND SPECIE. The law requires that 'every national bank shall carry one-tenth part of its profits to surplus-fund account before the declaration of a dividend, until the same shall amount to 20 per cent, of its capital stock. This wise provision has been generally observed, and the returns show that the banks now have a surplus of more than one hundred millions of dollars, and considerably more than one-fifth of their capital in surplus account. The act also limits the liabilities of any association,...
Page 65 - June third, eighteen hundred and sixty-four, and shall comply with all the requirements of said act, shall, if such bank be found by the Comptroller of the Currency to be in good standing and credit, receive such authority in preference to new associations applying for the same...
Page 113 - Maine New Hampshire Vermont Massachusetts Rhode Island Connecticut . . New York New Jersey . . . Pennsylvania. Delaware Maryland Virginia West Virginia North Carolina South Carolina Georgia. Florida..
Page 91 - State, in the ordinary course of business," is a bill of credit. Other decisions of the Supreme Court hold " that certificates issued by a State in sums not exceeding ten dollars nor less than fifty cents, receivable in payment of taxes, the faith and credit of the State being pledged for their redemption, are bills of credit within the prohibition of the Constitution/'* It is clear, therefore, that such certificates are bills of credit, and prohibited by the Constitution.
Page 124 - ... provided, however, that no greater rate of interest than six per centum per annum shall be recovered in any action, except when the agreement to pay such greater rate of interest is in writing.