The book A Sound, Honest, True And Stable Money was written by author Luttgen, Frederick William. [from Old Catalog] Here you can read free online of A Sound, Honest, True And Stable Money book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is A Sound, Honest, True And Stable Money a good or bad book?
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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.
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