The bills of the bank were of course redeemable in gold and silver; but for a time nobody wanted gold and silver, so great was the credit of the bank.

Substantially, this was the same principle which Daniel Webster advocated in the United States Senate,that all bank-notes should be redeemable in gold and silver; in other words, that a specie basis is the only sound principle, whether in banking operations or in government securities, for the amount of notes issued.

He would have a bank, indeed, but he insisted it should be established on sound financial principles, with notes redeemable in gold and silver.

Adj. saved &c v.. extricable, redeemable, rescuable.

For currency they had small French coins and strange German coins, and in some places futile-looking, little green-and-white slips, issued by the municipality in denominations of one franc and two francs and five francs, and redeemable in hard specie "three months after the declaration of peace."

By an act of Congress of the 3d of March last a loan of $12,000,000 was authorized at 4-1/2 per cent, or an exchange of stock to that amount of 4-1/2 per cent for a stock of 6 per cent, to create a fund for extinguishing an equal amount of the public debt, bearing an interest of 6 per cent, redeemable in 1826.

In the present state of the Treasury the whole of the Louisiana debt maybe redeemed in the year 1819, after which, if the public debt continues as it now is, above par, there will be annually about five millions of the sinking fund unexpended until the year 1825, when the loan of 1812 and the stock created by funding Treasury notes will be redeemable.

This sum has been raised at an average premium of $5.59 per centum upon stock bearing an interest at the rate of 5 per cent per annum, redeemable at the option of the Government after the 1st day of January, 1835.

This stock, by the terms of its issue, is redeemable on the 1st July next, when interest thereon will cease.

The measures taken by the Secretary of the Treasury will probably enable him to pay off in the course of the present year the residue of the exchanged 4-1/2 per cent stock, redeemable on the 1st of January next.

These notes were redeemable, in amounts of not less than one hundred dollars, in live stock, the appraisement of the value of which rested with the officers of the association.

per act of the 24th of May, 1824, redeemable after 1st of January, 1832 1,739,524 01 Four and half per cents. (exchanged), per act of the 26th of May, 1824; one half redeemable after the 31st day of December, 1832 4,454,727 95 24,282,879 24 2.

per act of the 24th of May, 1824, redeemable after 1st of January, 1832 1,739,524 01 Four and half per cents. (exchanged), per act of the 26th of May, 1824; one half redeemable after the 31st day of December, 1832 4,454,727 95 24,282,879 24 2.

bonds of the Kingdom of Ruritania, with interest payable on April 1st and October 1st, redeemable by a cumulative Sinking Fund of 1 per cent., operating by annual drawings at par, the price of issue being 97, payable as to 5 per cent.

I believe in my heart that there is perhaps no relationship which cannot be redeemed by the love and devotion and the grace of God in the hearts of those who seek to make it redeemable.

At first they were not redeemable, i.e., exchangeable for coin at the Treasury, but since 1879 they are, and are therefore just as valuable now as any other form of money, though formerly worth much less than their face value.

By this act the Secretary of the Treasury was directed to purchase, from time to time, silver bullion to the amount of 4,500,000 ounces each month, and to issue in payment for such purchases Treasury notes; these notes so issued to be redeemable on demand in coin, and to be a legal tender in payment of all debts, public and private, except where otherwise expressly stipulated.

First, they are obligations of the United States receivable for all taxes, customs, and other public dues, and are redeemable in gold on demand at the Treasury of the United States.

Secondly they are receivable by all member banks in the twelve districts and by all Federal reserve banks, and redeemable by the latter in gold or lawful money (which includes greenbacks and gold and silver certificates).

Revenues were superabundant for current expenses of government, and altho there was a large national debt, hardly any of it was redeemable at the time.

FOOTNOTES: [Footnote 58: The slaveholders were paid in Government bonds (schedules), redeemable in ten years.

They are redeemable in gold and silver on demand at the places of issue.

The very terms of the loan, making it redeemable in three years, demonstrate this beyond all cavil.

Let it be also remarked that $5,500,000 of the public debt becomes redeemable in about two years and a half, which at any sacrifice must be met, while the Treasury is always liable to demands for the payment of outstanding Treasury notes.

It purports to do no more than pay the debts of the Government with the redeemable paper of the Government, in which respect it accomplishes precisely what the Treasury does daily at this time in issuing to the public creditors the Treasury notes which under law it is authorized to issue.