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according actual affecting amount arising average bank capital causes cent chap circulation coin coinage commodities compared contracts cost course creditor currency debtor demand depends deposit determined discussion economic England equal exchange value existing expenses exports expressed fact fall follows forces function give given gold greater hand Hence importance increase index numbers industrial influence interest issues kind labor less loan lowered means measure medium of exchange metal method monetary nature needed normal notes obtained offered operations passed payment period possible practical present principle production proportion purchasing power quantity theory question raise ratio reason regard regulated relation relative Report reserves result rise securities side silver specie standard supply suppose tables taken things tion trade transactions true unit weight whole
Seite 460 - States; 5 To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures; 6 To provide for the punishment of counterfeiting the securities and current coin of the United States...
Seite 453 - The United States in congress assembled shall also have the sole and exclusive right and power of regulating the alloy and value of coin struck by their own authority, or by that of the respective states..
Seite 520 - 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.
Seite 467 - January 18. 1837, on which shall be the devices and superscriptions provided by said act ; which coins, together with all silver dollars heretofore coined by the United States, of like weight and fineness, shall be a legal tender at their nominal value, for all debts and dues public and private, except where otherwise expressly stipulated in the contract.
Seite 453 - ... be .allowed to serve in the office of president more than one year in any term of three years; to ascertain the necessary sums of money to be raised for the service of the United States...
Seite 520 - ... 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 provided by law.
Seite 404 - Sir, the very man, of all others, who has the deepest interest in a sound currency, and who suffers most by mischievous legislation in money matters, is the man who earns his daily bread by his daily toil.
Seite 274 - That an increase of the quantity of money raises prices, and a diminution lowers them, is the most elementary proposition in the theory of currency, and without it we should have no key to any of the others.
Seite 425 - The evils produced by this state of the currency were not such as have generally been thought worthy to occupy a prominent place in history. Yet it may well be doubted whether all the misery which had been inflicted on the English nation in a quarter of a century by bad Kings, bad Ministers, bad Parliaments, and bad Judges, was equal to the misery caused in a single year by bad crowns and bad shillings.