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United States Notes: A History of the Various Issues of Paper Money by the ...
John Jay Knox
Sin vista previa disponible - 2019
additional adopted amendment amount authorized banks bearing interest bills of credit bonds borrow money cent certificates circulation clause coin Committee Congress considerable Constitution contracts court currency debts December demand denominations deposit designated distribution dollars duties effect equal exchange exercise existing fact favor February fifty five funds give given gold Government granted held House hundred instalment intended interest issued January July June Justice land latter legal tender legal-tender legislation less loan March means measure meet ment millions month necessary necessity October opinion outstanding paid paper money passed payable payment period political present President principal prohibited question receive redeemable reference regulate respect says Secretary Senate silver specie surplus tender in payment tion treasury notes United States notes vote whole York
Página 125 - to raise and support Armies" and "to provide and maintain a Navy.
Página 209 - ... not expressly withheld from congress by the constitution; we are irresistibly impelled to the conclusion that the impressing upon the treasury notes of the United States the quality of being a legal tender in payment of private debts is an appropriate means, conducive and plainly adapted to the execution of the undoubted powers of congress, consistent with the letter and spirit of the constitution, and therefore within the meaning of that instrument, "necessary and proper for carrying into execution...
Página 200 - We admit, as all must admit, that the powers of the Government are limited, and that its limits are not to be transcended. But we think the sound construction of the Constitution must allow to the National Legislature that discretion with respect to the means by which the powers it confers are to be carried into execution, which will enable that body to perform the high duties assigned to it in the manner most beneficial to the people.
Página 159 - Congress a power to lay and collect taxes, duties, imposts, and excises ; to pay the debts, and provide for the common defence, and general welfare of the United States, and to make all laws which shall be necessary and proper for carrying into execution the powers vested by the Constitution in the Government of the United States...
Página 194 - 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.
Página 195 - And on and after the first day of January, anno Domini eighteen hundred and seventy-nine, the Secretary of the Treasury shall 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.
Página 15 - BUTLER, remarked that paper was a legal tender in no Country in Europe. He was urgent for disarming the Government of such a power.
Página 201 - ... and declares only that the powers "not delegated to the United States, nor prohibited to the states, are reserved to the states or to the people" ; thus leaving the question whether the particular power which may become the subject of contest has been delegated to the one government, or prohibited to the other, to depend on a fair construction of the whole instrument.
Página 197 - If any one proposition could command the universal assent of mankind, we might expect it would be this: that the government of the Union, though limited in its powers, is supreme within its sphere of action.
Página 178 - That the money which shall be in the Treasury of the United States, on the first day of January, eighteen hundred and thirty-seven, reserving the sum of five millions of dollars, shall be deposited with such of the several States, in proportion to their respective representation in the Senate and House of Representatives of the United States, as shall, by law, authorize their Treasurers, or other competent authorities to receive the same on the terms hereinafter specified...