The True Greenback: Or the Way to Pay the National Debt Without Taxes, and Emancipate Labor

Capa
Republican Book and Job Office, 1868 - 48 páginas
 

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Página 4 - In order to furnish suitable notes for circulation as Federal Reserve notes, the Comptroller of the Currency shall, under the direction of the Secretary of the Treasury...
Página 42 - ... shall be exempt from all taxes or duties of the United States, as well as from taxation in any form by or under State, municipal, or local authority...
Página 4 - An act to provide a national currency secured by a pledge of United States bonds, and to provide for the circulation and redemption thereof...
Página 3 - ... receivable in payment of all taxes, internal duties, excises, debts and demands of every kind due to the United States, except duties on imports, and of all claims and demands against the United States of every kind whatsoever, except for interest upon bonds and notes, which shall be paid in coin, and shall also be lawful money and a legal tender in payment of all debts, public and private, within the United States, except duties on imports and interest as aforesaid.
Página 31 - We hold that this can be effected by the issue of treasury notes made a legal tender in the payment of all debts, public and private, and convertible, at the option of the holder, into government bonds, bearing a just rate of interest, sufficiently below the rate of...
Página 4 - An act to authorize the issue of United States notes and for the redemption or funding thereof, and for funding the floating debt of the United States...
Página 30 - So the first man who ever imbibed or conceived the fatal delusion that it was more advantageous to him, or to any human being, to procure whatever his necessities or his appetites required by address and scheming than by honest work — by the unrequited rather than the fairly and faithfully recompensed toil of his...
Página 5 - States legal tender notes. And when any of said notes may be redeemed or be received into the Treasury under any law from any source whatever and shall belong to the United States, they shall not be retired...
Página 20 - ... reverse the course of the rivers, and make them run to the tops of the mountains, and pile up the waters on their summits. The law of gravitation, in the latter case, would not be more sure to overpower all their labor, and frustrate all their plans, than the present governing power of the interest on money is sure to gather up the increased production and add it to the wealth of capitalists.
Página 3 - Minister, after the amount at the credit of such bank in the Circulation Fund, and all interest due or accruing due thereon, has been exhausted, shall bear interest, at the rate of three per centum per annum, from the time such notes and interest are paid until such notes and interest are repaid to the Minister by or out of the assets of such bank.

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