Vietnam or Thailand ? Vote for the TOP Country of the Week !
Updated: April 30, 2025
"Give us a couple of Sub-Treasuries," said one of them as they entered; and forthwith a couple of glasses filled with mixed liquors, crushed ice, lemonpeel, and snow-white sugar, were prepared, and a straw placed in each, through which the young men "imbibed" the new compound. "Really, this is fine, Nelson!" said the one, called Joe, smacking his lips. "It is, indeed.
Certificates of either character will be redeemed to any amount, in the metals for which they call, if presented at the United States Treasury at Washington, or at any of the sub-treasuries to be found in our larger cities. Only those familiar with the work can realize the great quantities of bank bills, treasury notes, and certificates continually being made and sent out from Washington.
The question how to limit the surplus, how to keep the money of the country from becoming locked up in the treasury and sub-treasuries of the United States, was thus a grave one, and entered hotly into the political campaign of the last-named year. On June 30, 1890, $109,015,750 in the 4-1/2 per cent. bonds, redeemable September 1, 1891, were still outstanding.
I shall never be able to do it now in this world, nor in the next, either, if I can only get you in the same place with me to make 'Sub-Treasury! Ha! ha! ha!" "A Sub-Treasury," said another young man, coming up to the bar. "Here, landlord, let us have one of your what do you call 'em? O, Sub-Treasuries!" was the request of another. "Hallo, Sandy!
He has gone off into topics quite remote from all connection with revenue, commerce, finance, or sub-treasuries, and invites to a discussion which, however uninteresting to the public at the present moment, is too personal to be declined by me. He says, Sir, that I undertook to compare my political character and conduct with his. Far from it. I attempted no such thing.
By this means the Treasury Department is independent of the banking system of the country; but has established sub-treasuries in the principal cities of the Union for the receipt and disbursement of public moneys. There are sub-treasuries in New York, San Francisco, Saint Louis, Chicago, Boston, Philadelphia, Baltimore, New Orleans and Cincinnati.
The money of the Government was henceforth to be kept in certain designated sub-treasuries in leading cities like New York, Baltimore, and New Orleans, and drawn upon by the Secretaries of the Treasury when needed. There was thus to be no national bank; and the state banks were to continue issuing their paper, which was to be the money of the people.
Its richest fruits are all reaped; nullification embraces the sub-treasuries, and oppression and usurpation will be heard of no more. On the broad surface of the country, Sir, there is a spot called "the Hermitage." In that residence is an occupant very well known, and not a little remarkable both in person and character.
This saving of interest alone would strengthen the government for a return to the gold standard, which could be effected without any contraction of the volume of paper money, except to the extent of the coin thrown into circulation: and the resumption of specie payments by the Treasury greenbacks to be convertible into coin only at the Treasury and sub-treasuries would be resumption by the entire country, for gold would no longer command a premium.
Word Of The Day
Others Looking