To Establish a Bimetallic System of Currency. Hearing Before a Subcommittee ... on S.2487 ... Feb. 6, 19321932 - 47 pages |
Common terms and phrases
ALBEN W American basis bill bimetallic bonds brain energy Britain bushel of wheat China coins commercial Congress crop of money currency debt debtors England farm Federal reserve act Federal reserve bank Federal reserve notes Federal reserve system five pre-war fix the price fix the value foreign gentlemen Government hoarded HYDE increase India interest international bankers issued legal tender LEMKE loans muscular and brain National Bank national-bank North Dakota PLUMMER present President price of silver prices of commodities primary money production of silver prosperity purchasing power ratio remonetization of silver remonetize silver restore sell Senator BARKLEY Senator KEYES Senator KING Senator THOMAS Senator WHEELER silver as money silver bullion silver-using SIMPSON single gold standard statement subcommittee taxes thing THOMAS of Idaho tion to-day trade United States Senate value of silver volume of money wheat WILLIAM LEMKE yardstick
Popular passages
Page 2 - That the dollar consisting of twenty-five and eight-tenths grains of gold nine-tenths fine, as established by section thirty-five hundred and eleven of the Revised Statutes of the United States, shall be the standard unit of value, and all forms of money issued or coined by the United States shall be maintained at a parity of value with this standard, and it shall be the duty of the Secretary of the Treasury to maintain such parity.
Page 2 - That the proportional value of gold to silver in all coins which shall by law be current as money within the United States, shall be as fifteen to one, according to quantity in weight, of pure gold or pure silver; that is to say, every fifteen pounds weight of pure silver shall be of equal value in all payments, with one pound weight of pure gold, and so in proportion as to any greater or less quantities of the respective metals.
Page 2 - Be it enacted by the Senate and House of Representatives of the United Mates of America in Congress assembled, That...
Page 2 - S. 2487, a bill to establish a bimetallic system of currency employing gold and silver, to fix the relative value of gold and silver, to provide for the free coinage of silver as well as gold and for other purposes, pt 1 Supt.
Page 2 - CHARGES HOUSE OF REPRESENTATIVES, COMMITTEE ON IRRIGATION AND RECLAMATION, Saturday, March 6, 1926. The committee met at 10 o'clock am, Hon. Addison T. Smith (chairman) presiding. The CHAIRMAN. The committee will come to order. This meeting has been called for the purpose of considering HR 9880, a bill to adjust water-right charges, to grant certain other relief on the Federal irrigation projects, to amend subsections E and F of section 4, act approved...
Page 22 - This paragraph was written in 1891, before the Indian mints were closed to the free coinage of silver.
Page 2 - The committee met, pursuant to call, at 10.30 o'clock am, in room 201, Senate Office Building, Senator Henry W. Keyes presiding. Present: Senators Keyes (chairman), Warren, Fess, McMaster, Gould, Smoot, Shortridge, Shipstead, Swanson, and Tydings.
Page 13 - ... enough in the world to do the business of the world, and that...
Page 24 - ... the five pre-war years. If paid for out of the 1931 crop of wheat...