The Truth about Money: A Practical and Impartial Investigation of the Money Question |
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The Truth About Money: A Practical and Impartial Investigation of the Money ... Erick John Onstad No preview available - 2017 |
Common terms and phrases
Aldrich amount of gold Austria-Hungary bill bimetallic Bland-Allison act bullion bushel capita cent cereals Chart cheapened coinage of silver commercial Congress crease currency debts decreased demand for gold demand for silver demonetization deposits duction eagle effect exports fall in prices fallen following table free coinage free silver gold and silver gold coins gold dollar gold standard grain of pure greenbacks Gresham's Law half dollar increased India intrinsic value issued labor Latin Monetary Union Latin Union legal ratio legal tender market ratio medium of exchange metallic money millions monetary National bank ounces panic paper money payment period price of silver production of gold production of silver purchase quarter eagle rates ratio of 16 redeemed Report silver bullion silver coins silver dollar Soetbeer specie tion to-day Total trade dollar Treasury Notes Truth About Money United volume of money wages weight wheat wool
Popular passages
Page 269 - We are unalterably opposed to every measure calculated to debase our currency or impair the credit of our country. We are therefore opposed to the free coinage of silver except by international agreement with the leading commercial nations of the world, which we pledge ourselves to promote, and until such agreement can be obtained the existing gold standard must br preserved.
Page 210 - ... legal tender in all payments at their nominal value when not below the standard weight and limit of tolerance provided in this act for the single piece, and, when reduced in weight, below said standard and tolerance, shall be a legal tender at valuation in proportion to their actual weight.
Page 190 - ... the established policy of the United States to maintain the two metals on a parity with each other upon the present legal ratio, or such ratio as may be provided by law.
Page 220 - And it is hereby declared to be the policy of the United States to continue the use of both gold and silver as standard money, and to coin both gold and silver into money of equal intrinsic and exchangeable value, such equality to be secured through international agreement, or by such safeguards of legislation as will insure the maintenance of the parity in value of the coins of the two metals, and the equal power of every dollar at all times in the markets and in the payment of debts.
Page 213 - That so much of the act of February 28, 1878, entitled "An act to authorize the coinage of the standard silver dollar and to restore its legal-tender character...
Page 218 - States a sum equal to five percentum of its circulation, to be held and used for the redemption of its circulating notes; and the balance remaining of the deposits so covered shall, at the close of each month, be reported on the monthly public debt statement as debt of the United States bearing no interest.
Page 209 - ... and it shall be lawful, also, to transmit parcels of the same from time to time to the assistant treasurers, depositaries, and other officers of the United States, under general regulations, proposed by the Director of the Mint, and approved by the Secretary of the Treasury...
Page 215 - States, in sums not less than twenty dollars, and to issue certificates therefor in denominations of not less than twenty dollars each, corresponding with the denominations of the United States notes. The coin and bullion deposited for or representing the certificates of deposit shall be retained in the Treasury for the payment of the same on demand.
Page 215 - An Act to amend the National Labor Relations Act, to provide additional facilities for the mediation of labor disputes affecting commerce, to equalize legal responsibilities of labor organizations and employers, and for other purposes," returned by the President of the United States with his objections, to the House of Representatives, in which it originated, it was Resolved, That the said bill pass, two-thirds of the House of Representatives agreeing to pass the same. Attest : JOHN ANDREWS Clerk.
Page 206 - That the standard for both gold and silver coins of the United States shall be such that of one thousand parts by weight nine hundred shall be of pure metal and one hundred of alloy ; and the alloy of the silver coins shall be of copper...