The Merchants' Magazine and Commercial Review, Volume 59William B. Dana F. Hunt, 1868 - Commerce |
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Page 47
... circulation , and continuance of the coinage of such denominations of silver as will serve to encourage Ameri- can commerce with Mexico and with South American and Asiatic nations . III . The choice of a standard of unification which ...
... circulation , and continuance of the coinage of such denominations of silver as will serve to encourage Ameri- can commerce with Mexico and with South American and Asiatic nations . III . The choice of a standard of unification which ...
Page 50
... circulation , absorbing rapidly the silver of coinage . The erroneous proportion fixed between silver and gold by France , and which we are asked to copy , is denuding that country of the former metal . Our own monetary system , though ...
... circulation , absorbing rapidly the silver of coinage . The erroneous proportion fixed between silver and gold by France , and which we are asked to copy , is denuding that country of the former metal . Our own monetary system , though ...
Page 53
... circulation , return to specie payments , and the public finances as a whole . A change in the value of coinage would but add to the embarrassments of the situation , and it may be remarked inci- dentally that the reduction of the legal ...
... circulation , return to specie payments , and the public finances as a whole . A change in the value of coinage would but add to the embarrassments of the situation , and it may be remarked inci- dentally that the reduction of the legal ...
Page 54
... circulation , and every way satisfactory for purposes of domestic commerce ; it possesses special merits of every - day value , and should not , for light reasons , be exchanged where the advantages sought to be gained are mainly ...
... circulation , and every way satisfactory for purposes of domestic commerce ; it possesses special merits of every - day value , and should not , for light reasons , be exchanged where the advantages sought to be gained are mainly ...
Page 63
... circulation . The fact of Ten - Forties ranging above par is therefore , under these exceptional circumstances favoring their value , no evidence whatever that an issue of $ 1,600,000,000 of similar bonds could be put out at par . Due ...
... circulation . The fact of Ten - Forties ranging above par is therefore , under these exceptional circumstances favoring their value , no evidence whatever that an issue of $ 1,600,000,000 of similar bonds could be put out at par . Due ...
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amount August average balance bales Belgium bonds bushels canal capital cent Central Chicago circulation coal coin commercial commodities Congress consumption cost cotton crop currency demand deposits depreciated currency dividends dollar Erie Erie Canal estimated Europe exchange expenses exports fact February 29 foreign France freight fund gold premium Government grain greenbacks gross earnings important increase iron issue July June June 30 labor Lake legal tender less manufacturers March 31 miles millions Milwaukee and St Mississippi months National Bank navigation nitro-glycerine October Ohio operations Orleans Pacific Passenger payment ports pref present production profit Prussia Railroad rate of interest receipts reserve result revenue River road route Schenectady securities September specie speculation supply taxes Terre Haute tion tons Total trade transportation Treasury United United Kingdom West Western wheat York York Stock Exchange
Popular passages
Page 359 - July 14, 1890, are legal tender for all debts, public and private, except where otherwise expressly stipulated in the contract. United States notes are legal tender for all debts, public and private, except duties on imports and interest on the public debt.
Page 178 - The navigable waters leading into the Mississippi and St. Lawrence, and the carrying places between the same, shall be common highways, and forever free, as well to the inhabitants of the said territory, as to the citizens of the United States, and those of any other states that may be admitted into the confederacy, without any tax, impost, or duty therefor.
Page 197 - He unroofs the houses and ships the population to America. The nation is accustomed to the instantaneous creation of wealth. It is the maxim of their economists, "that the greater part in value of the wealth now existing in England has been produced by human hands within the last twelve months.
Page 210 - ... 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 185 - It is to be remarked that this ratio would be precisely that in which the quantity of money had been increased. If the whole money in circulation was doubled, prices would be doubled. If it was only increased one-fourth, prices would rise one-fourth.
Page 331 - Most unquestionably there is no "legal tender, and there can be no legal tender in this country, under the authority of this government or any other, but gold and silver, either the coinage of our own mints or foreign coins at rates regulated by congress.
Page 54 - If there be one conclusion more clear than another, deducible from all the history of mankind, it is the danger of hasty and inconsiderate legislation upon weights and measures. From this conviction, the result of all inquiry is, that, while all the existing systems of metrology are very imperfect and susceptible of improvements, involving in no small degree the virtue and happiness of future ages; while the impression of...
Page 46 - The reduction in value of the half-eagle would slightly exceed 17 £ cents; in the sovereign, 4 cents.) 5. The coins of each nation to continue to bear the names and emblems preferred by each, but to be legal tenders, public and private, in all. The...
Page 331 - ... regulated by Congress. This is a constitutional principle, perfectly plain, and of the very highest importance. The states are expressly prohibited from making anything but gold and silver a tender in payment of debts ; and although no such express prohibition is applied to Congress, yet as Congress has no power granted to it, in this respect, but to coin money and to regulate the value of foreign coins, it clearly has no power to substitute paper, or anything else, for coin, as a tender in payment...
Page 46 - Coins of equal weight and diameter. 3. Of equal quality, nine-tenths fine. 4. The weight of the present five-franc gold pieca to be the unit, with its multiples.