Banking, ancient and modern ..together with full instructions as to the business methods of the Treasury Department at Washington, . n the United States, except interest on the public debt, and inredemption of the national currency. (Act of June 3, 1864, 13 Stat.,p. 106, R. S., Section 5182). TRADE DOLLARS are not a legal tender. By the Act ofFebruary 12, 1873,(17 Stat , p. 424). they were legal tender at theirnominal value for any amount not exceeding five dollars in any onepayment, but under date of July 22, 1876, (19 Stat., p. 215). it wasenacted that the trade dollar should not there
Banking, ancient and modern ..together with full instructions as to the business methods of the Treasury Department at Washington, . n the United States, except interest on the public debt, and inredemption of the national currency. (Act of June 3, 1864, 13 Stat.,p. 106, R. S., Section 5182). TRADE DOLLARS are not a legal tender. By the Act ofFebruary 12, 1873,(17 Stat , p. 424). they were legal tender at theirnominal value for any amount not exceeding five dollars in any onepayment, but under date of July 22, 1876, (19 Stat., p. 215). it wasenacted that the trade dollar should not thereafter be a legal tender. 46 The Act of March 3, 1887, (24 Stat., p. 634), provided that alltrade dollars should be presented for redemption within a period of sixmonths after the passage of said Act. Said coins are not now redeem-able, but will be purchased as bullion in the same manner as mutilatedor other uncurrent silver coin, by the United States Mints at Philadel-phia, New Orlean-;, Carson, and San Francisco. FRACTIONAL CURRENCY is not a legal tender. NOTE. Itwas receivable for postage and revenue stamp^, and also in payment of. (.ASIIUK 1 IKM NATIONAI. HANK, K AIAM A/. any dues to the United States less than five dollars, except duties onimjjorts. (Act of March 3, , 12 Stat., p. 711). 1*()RP:IGN gold coins arenotalegal tender in payment ofdebts. (Act of 1^ebruary 2r, 1847, 11 Stat.,p. 163, R. S., Section 3584). I^OREIGN SILXER COINS are not a legal tender in payment ofdebts. (Act of February 21. 1857. i i Stat., p. 163, R. S., Section 3584). 47 CONTINENTAL CURRENCY. The question has been raisedand disputed as to whether what was called the Continental Currency,issued during the War of the Revolution by the old government, wasor was not a legal tender. The facts appear to be that while the Conti-nental Congress did not by any ordinance attempt to give it thatcharacter, they asked the States to do so, and all seem to have compliedexcept Rhode Island. The Continental Co
Size: 1393px × 1793px
Photo credit: © The Reading Room / Alamy / Afripics
License: Licensed
Model Released: No
Keywords: ., bookcentury1800, bookde, booksubjectbanksandbanking, bookyear1895
