A Sound, Honest, True And Stable Money
A Sound, Honest, True And Stable Money
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In our eReader you can find the full English version of the book. Read A Sound, Honest, True And Stable Money Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book A Sound, Honest, True And Stable Money
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It is a great evil. Any future increase in circulation, whether of Government or banks, must be dependent upon the metal reserve in the hands of the issue department of the Government.
Digitized by Google so note issue, both of Government and National Banks under this act, exclusive of the notes heretofore issued under the general banking act, shall not exceed 40 per cent, of the out- standing circulation. The bonds so deposited shall be re- tained in the issue department of the Treasury for th...e redemption of said notes. This note not to be a legal tender, but to be receivable by the Government for taxes.
A deposit to be made with the Secretary of the Treasury to cover the expenses of the note issue ; said deposit, how- ever, to be refunded to the banks when said expenses are fully covered by the surrendered interest of the bonds de- posited. The Government tax against the present issue to remain unchanged, and to be covered into the Treasury^ and a tax to be imposed upon all banks in proportion to their capital and surplus to cover the expenses of the de- partment of the Comptroller of the Currency, and no more.
What to read after A Sound, Honest, True And Stable Money?
You can find similar books in the "Read Also" column, or choose other free books by Luttgen, Frederick William. [from Old Catalog] to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
It is a great evil. Any future increase in circulation, whether of Government or banks, must be dependent upon the metal reserve in the hands of the issue department of the Government.
Digitized by Google so note issue, both of Government and National Banks under this act, exclusive of the notes heretofore issued under the general banking act, shall not exceed 40 per cent, of the out- standing circulation. The bonds so deposited shall be re- tained in the issue department of the Treasury for th...e redemption of said notes. This note not to be a legal tender, but to be receivable by the Government for taxes.
A deposit to be made with the Secretary of the Treasury to cover the expenses of the note issue ; said deposit, how- ever, to be refunded to the banks when said expenses are fully covered by the surrendered interest of the bonds de- posited. The Government tax against the present issue to remain unchanged, and to be covered into the Treasury^ and a tax to be imposed upon all banks in proportion to their capital and surplus to cover the expenses of the de- partment of the Comptroller of the Currency, and no more.
What to read after A Sound, Honest, True And Stable Money?
You can find similar books in the "Read Also" column, or choose other free books by Luttgen, Frederick William. [from Old Catalog] to read onlineMoreLess
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