Legislative and Documentary History of the Banks of the United States; From the Time of Establishing the Bank of North America, 1781, to October 1834

Legislative and Documentary History of the Banks of the United States; From the Time of Establishing the Bank of North America, 1781, to October 1834

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1834 edition. Excerpt: ...only retain so much of the said gold or silver coin and funded debt as shall be necessary to complete such payments, and shall, forthwith, return the surplus thereof, on application for the same to subscribers lawfully entitled thereto. And the commissioners, respectively, shall deposit the gold and silver coin, and certificates of public debt, by them respectively received as aforesaid, from the subscribers to the capital'of the said bank, in some place of secure and safe keeping, so that the same may and sh'all be specifically delivered and transferred, as the same were by them respectively received, to the president, directors, and company of the Bank of the United States, or to their order, as soon as shall be required after the organization of the said bank. And the said commissioners appointed to superintend the subscriptions to the capital of the said bank as aforesaid, shall receive a reasonable_compensation for their services, respectively, and shall be allowed all reasonable charges and expenses incurred in the execution of their trust, to be paid by the president, directors, and company of the bank, out of the funds thereof. The United States may redeem the funded debt, &c., and the bank may sellfor gold and silver, &c. SECTIoN 5. And be it further enacted, That it shall be lawful for the United States to pay and redeem the funded debt subscribed to the capital of the said bank, at the rates aforesaid, in such sums, and at such times, as shall be deemed expedient, any thing in any act or acts of congress to the contrary thereof notwithstanding. And it shall also be lawful for the president, directors, and company, of the said bank, to sell and transfer, for gold and silver coin, or bullion, the funded debt...show more

Product details

  • Paperback | 58 pages
  • 189 x 246 x 3mm | 122g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236865804
  • 9781236865809