The Gold Clause CasesU.S. Government Printing Office, 1934 - Gold |
From inside the book
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Page 17
... present weight and fineness . * Thus , it is apparent that the Congress acted in this matter four times during the period to which I have referred - on March 9 , 1933 , the Emergency Banking Act ; May 12 , the Agricultural Adjust- ment ...
... present weight and fineness . * Thus , it is apparent that the Congress acted in this matter four times during the period to which I have referred - on March 9 , 1933 , the Emergency Banking Act ; May 12 , the Agricultural Adjust- ment ...
Page 27
... present controversy . The Court said : And there is no well - founded distinction to be made between the constitutional valid- ity of an act of Congress declaring Treasury notes a legal tender for the payment of debts contracted after ...
... present controversy . The Court said : And there is no well - founded distinction to be made between the constitutional valid- ity of an act of Congress declaring Treasury notes a legal tender for the payment of debts contracted after ...
Page 28
United States. Supreme Court. arguments made in the present case . Where an attempt is made to identify money contracts with other types of contracts the Court speaks of these comparisons as " a false analogy " ; and , on page 549 , said ...
United States. Supreme Court. arguments made in the present case . Where an attempt is made to identify money contracts with other types of contracts the Court speaks of these comparisons as " a false analogy " ; and , on page 549 , said ...
Page 7
... present case . Gold newly mined in the forms of currency were not . Finding no reason , he con- cludes that gold certificates are superior to other forms of currency and that as a holder of gold certificates he is en- titled to greater ...
... present case . Gold newly mined in the forms of currency were not . Finding no reason , he con- cludes that gold certificates are superior to other forms of currency and that as a holder of gold certificates he is en- titled to greater ...
Page 19
... present an impossible situation and would have frustrated the purposes of the statute . It is illuminating in this connection to examine the debates in the House of Representatives relat- ing to the Act of March 3 , 1863. On the 22nd ...
... present an impossible situation and would have frustrated the purposes of the statute . It is illuminating in this connection to examine the debates in the House of Representatives relat- ing to the Act of March 3 , 1863. On the 22nd ...
Common terms and phrases
48 Stat Act of March amount of gold application ARTICLE assay office August 28 authorized bonds brief claimant coin or bullion coin or gold coinage coins and currencies commerce Congress Constitution contracts corporation Court of Claims declared deemed deposits dual monetary system earmarked effect equivalent Executive Order exercise export of gold face amount Federal Reserve bank Federal Reserve notes Fifth Amendment filed foreign exchange gold bullion gold certificates gold clause gold coin gold content gold dollar Gold Reserve Act gold-clause obligations Government held hereby hoarding January January 17 Joint Resolution June lawful money legal tender Legal Tender Acts legislation license issued March 9 ment Order of April parity payable payment in gold person place subject plaintiff prescribe President proclamation purposes regulate the value rency Secretary Section silver specified standard supra thereof tion United States mint United States notes weight
Popular passages
Page 10 - ... the faith of the United States is solemnly pledged to the payment in coin or its equivalent of all the obligations of the United States...
Page 42 - Act, but the repeal of existing laws or modifications thereof embraced in this Act shall not affect any act done, or any right accruing or accrued, or any suit or proceeding had or commenced in any civil cause before...
Page 64 - Whoever willfully violates any of the provisions of this subdivision or of any license, order, rule or regulation issued thereunder, shall, upon conviction, be fined not more than $10,000 or, if a natural person, may be imprisoned for not more than ten years, or both; and any officer, director, or agent of any corporation who knowingly participates in such violation may be punished by a like fine, imprisonment, or both. As used in this subdivision the term "person" means an individual, partnership,...
Page 33 - That (a) every provision con38 tained in or made with respect to any obligation which purports to give the obligee a right to require payment in gold or a particular kind of coin or currency, or in an amount in money of the United States measured thereby...
Page 83 - And the guaranty of due process, as has often been held, demands only that the law shall not be unreasonable, arbitrary, or capricious, and that the means selected shall have a real and substantial relation to the object sought to be attained.
Page 45 - It is obvious that there may be matters of the sharpest exigency for the national well being that an act of Congress could not deal with but that a treaty followed by such an act could, and it is not lightly to be assumed that, in matters requiring national action, ' ' a power which must belong to and somewhere reside in every civilized government,
Page 36 - ... (2) In the case of a civil action by a corporation under paragraph (1) of subsection (a) of section 1346, in the judicial district m which is located the principal place of business...
Page 40 - For the purpose of expanding foreign markets for the products of the United States (as a means of assisting in the present emergency in restoring the American standard of living, in overcoming domestic unemployment and the present economic depression, in increasing the purchasing power of the American...
Page 53 - Not only are existing laws read into contracts in order to fix obligations as between the parties, but the reservation of essential attributes of sovereign power is also read into contracts as a postulate of the legal order.
Page 21 - States to continue the use of both gold and silver as standard money, and to coin both gold and silver into money of equal intrinsic and exchangeable value, such equality to be secured through international agreement or by such safeguards of legislation as will insure the maintenance of the parity in value of the coins of the two metals, and the equal power of every dollar at all times, in the markets and in the payment of debts.