United States Notes a History of the Various Issues of Paper Money By the Gover
United States Notes a History of the Various Issues of Paper Money By the Gover
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427- 429. Norwich, Conn. : Tke Henry Bill Publishing Company. L-*84.
CHAPTER X.
THE SILVER DOLLAR AND THE SILVER CERTIFICATE.
THE act of April 2, 1792, for establishing a mint and regulating the coinage of the United States, authorized the free coinage of a silver dollar of 412. 5 grains, and this provision remained in force until 1873.
The act of June 28, 1834, which reduced the gold standard about six and one-fourth per cent. , practically demonetized the silver coinage. Previous to the date ...of the passage of that act American gold and silver coins of all denominations were equally a legal tender, and the silver coins of less denomination than one dollar were chiefly in use, only $1, 369, 517 in Silver dollars having been issued from the mint at that date. The act of 1834 overvalued the gold coinage, driving from the country the full-weight silver coins previously in circula- tion ; and it may be confidently stated that from 1834 to 1873 no silver dollar-pieces had been presented at any custom-house in payment of duties.
What to read after United States Notes a History of the Various Issues of Paper Money By the Gover?
You can find similar books in the "Read Also" column, or choose other free books by Knox, John Jay, 1828-1892 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
427- 429. Norwich, Conn. : Tke Henry Bill Publishing Company. L-*84.
CHAPTER X.
THE SILVER DOLLAR AND THE SILVER CERTIFICATE.
THE act of April 2, 1792, for establishing a mint and regulating the coinage of the United States, authorized the free coinage of a silver dollar of 412. 5 grains, and this provision remained in force until 1873.
The act of June 28, 1834, which reduced the gold standard about six and one-fourth per cent. , practically demonetized the silver coinage. Previous to the date ...of the passage of that act American gold and silver coins of all denominations were equally a legal tender, and the silver coins of less denomination than one dollar were chiefly in use, only $1, 369, 517 in Silver dollars having been issued from the mint at that date. The act of 1834 overvalued the gold coinage, driving from the country the full-weight silver coins previously in circula- tion ; and it may be confidently stated that from 1834 to 1873 no silver dollar-pieces had been presented at any custom-house in payment of duties.
What to read after United States Notes a History of the Various Issues of Paper Money By the Gover?
You can find similar books in the "Read Also" column, or choose other free books by Knox, John Jay, 1828-1892 to read onlineMoreLess
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