The Financial Register of the United StatesCondy Raguet Wirtz & Tatem, 1838 - Finance |
From inside the book
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Page 3
... whole pe- in the relative value of the two precious me- riod of twenty - four years which elapsed from tals all over the world . From the same the reformation of the gold coin to the sus- cause , a fall in the relative price of silver ...
... whole pe- in the relative value of the two precious me- riod of twenty - four years which elapsed from tals all over the world . From the same the reformation of the gold coin to the sus- cause , a fall in the relative price of silver ...
Page 10
... whole , is countries is limited by the expense of convey - very considerably increased . It would ap- ing and insuring the precious metals from one pear , however , that upon an average of the country to the other ; at least that it ...
... whole , is countries is limited by the expense of convey - very considerably increased . It would ap- ing and insuring the precious metals from one pear , however , that upon an average of the country to the other ; at least that it ...
Page 24
... whole country . It was na- the portion of circulating medium , in which tural for the bank directors to believe that the advance was thus made , performs in the nothing but benefit could accrue to the public hands of him to whom it was ...
... whole country . It was na- the portion of circulating medium , in which tural for the bank directors to believe that the advance was thus made , performs in the nothing but benefit could accrue to the public hands of him to whom it was ...
Page 26
... whole year , and amounts commercial company , of which , without ur- to £ 19,880,310 . gent reason , it did not seem right to demand The accounts in the appendix give very a disclosure . The late governor and deputy detailed returns for ...
... whole year , and amounts commercial company , of which , without ur- to £ 19,880,310 . gent reason , it did not seem right to demand The accounts in the appendix give very a disclosure . The late governor and deputy detailed returns for ...
Page 30
... whole of between four and five teeming , if not corrected in time , with ulti- millions to the circulation of Great Britain mate consequences so prejudicial to the public alone , deducting only the gold which may have welfare , they ...
... whole of between four and five teeming , if not corrected in time , with ulti- millions to the circulation of Great Britain mate consequences so prejudicial to the public alone , deducting only the gold which may have welfare , they ...
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Common terms and phrases
60 days sight 66 Boston amount appears April Atlantic cities balance balance of trade bank notes Bank of England bankers bonds Branch banks Bremen bullion capital Carolina cash cause cent charter circulation coin coinage commercial committee congress contract creditors currency debt December demand deposite banks depreciation directors discount dividends Doubloons duties effect excess exchange exports favour foreign France funds guilder Half dollars Hamburgh important increase interest issues January joint stock banks July June lands legislature LEVI WOODBURY liabilities loans ment merchants millions of dollars months October operations Orleans paid paper payable Pennsylvania period Philadelphia prem premium present profits public money Rail-Road received reduced resume specie payments resumption of specie revenue Savannah secretary securities shares U. S. Bank silver South Carolina Spanish dollars specie circular speculation statement tion trade treasury notes United whole York
Popular passages
Page 168 - Any person who shall falsely make, forge, or counterfeit, or cause or procure to be falsely made, forged, or counterfeited, or willingly aid or assist in falsely making, forging, or counterfeiting any...
Page 168 - ... shall have in his custody or possession any paper adapted to the making of such notes, and similar to the paper upon which any such notes shall have been issued, with intent to use such paper, or cause or suffer the same to be used, in forging or counterfeiting any of the notes issued as aforesaid, every such person, being thereof convicted...
Page 69 - Both the constitutionality and the expediency of the law creating this bank, are well questioned by a large portion of our fellow. citizens ; and it must be admitted by all, that it has failed in the great end of establishing a uniform and sound currency.
Page 31 - Committee are of opinion that no safe, certain and constantly adequate provision against an excess of paper currency, either occasional or permanent, can be found, except in the convertibility of all such paper into specie. Your Committee cannot, therefore, but see reason to regret that the suspension of cash payments, which, in the most favourable light in which it can be viewed, was only a temporary measure, has been continued so long ; and particularly, that by the manner in which the present...
Page 69 - The charter of the Bank of the United States expires in 1836, and its stockholders will most probably apply for a renewal of their privileges. In order to avoid the evils resulting from precipitancy in a measure involving such important principles, and such deep pecuniary interests, I feel that I cannot, in justice to the parties interested, too soon present it to the deliberate consideration of the Legislature and the People.
Page 394 - ... as immediately available for and applicable to public purposes. Those portions of it which will be for some time unavailable consist chiefly of sums deposited with the States and due from the former deposit banks. The details upon this subject will be found in the annual report of the Secretary of the Treasury. The amount of Treasury notes which it will be necessary to issue during the year on account of those funds being unavailable will, it is supposed, not exceed four and a half millions.
Page 165 - In testimony whereof, I have caused the Seal of the United States to be hereunto affixed, having signed the same -with my hand.
Page 53 - Western banks, usually called deposits, were already greatly beyond their immediate means of payment, and were rapidly increasing. Indeed, each speculation furnished means for another; for no sooner had one individual or company paid in the notes than they were immediately lent to another for a like purpose, and the banks were extending their business and their issues so largely as to alarm considerate men and render it doubtful whether these bank credits if permitted to accumulate would ultimately...
Page 168 - ... or shall pass, utter, or publish, or attempt to pass, utter, or publish...
Page 394 - But of that sum, only one million eighty-five thousand four hundred and ninety-eight dollars is considered as immediately available for, and applicable to, public purposes. Those portions of it which will be for some time unavailable, consist chiefly of sums deposited with the states, and due from the former deposit banks.