In-specie sentence example
After the close of the war with Mexico Green was sent to that country in 1849 by President Taylor to negotiate concerning the moneys which, by the treaty of Guadalupe Hidalgo, the United States had agreed to pay; and he saved his country a considerable sum by arranging for payment in exchange instead of in specie.
The first step was to decree the penalty of six years' imprisonment against any person who should sell specie for a more considerable quantity of assignats, or who should stipulate a different price for commodities according as the payment was to be made in specie or in assignats.
At last, on the 17th of November 1860, Miramon, under the plea of necessity, seized $630,000 in specie which had been left under seal at the British Legation and was intended for the bondholders.
The money-lender deals chiefly in grain and in specie.
But it was found that there were no funds in the treasury to satisfy their inordinate demands, and they were obliged to be contented with one-half the stipulated sums, which, after many difficulties, were paid in specie and in jewels, with the exception of 584,905 rupees.Advertisement
Aiming at a currency to consist largely of specie, he caused the payment of these claims to be received and imported in specie as far as possible; and in 1836 he ordered land-agents to receive for land nothing but specie.
Although there were already fifteen banks in the state in 1837 yet the cry against monopoly was loud, and so in that year a general banking law was passed whereby any ten or more freeholders might establish a bank with a capital of not less than fifty thousand nor more than three hundred thousand dollars and begin business as soon as 30% of the capital was paid in in specie.
It would by contracting or dilating become more brisk, or faint, and by the loss of many Rays, in some cases very obscure and dark; but I could never see it changed in specie.
Provisions were also made for the creation of a special conversion fund in specie to guarantee the circulation, which fund reached a total of $100,000,000 in March 1906.