Extension of Stabilization Fund and Powers, Etc, Hearing ..., on S. 991 ...1943 - 286 pages |
From inside the book
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Page 6
... amount has to demonstrate its legal title . Now currency that cannot do that , and there is a substantial amount flowing around the world , circulates at a discount , and we have been trying to force that discount as large as possible ...
... amount has to demonstrate its legal title . Now currency that cannot do that , and there is a substantial amount flowing around the world , circulates at a discount , and we have been trying to force that discount as large as possible ...
Page 11
... amounts , at home or abroad , with any direction obligations , coin , or currency of the United States , authorized by law , or with any funds in the Treas- ury not otherwise appropriated , at such rates and upon such terms and ...
... amounts , at home or abroad , with any direction obligations , coin , or currency of the United States , authorized by law , or with any funds in the Treas- ury not otherwise appropriated , at such rates and upon such terms and ...
Page 15
... amount- ing to $ 346,000,000 . Mr. WHITE . They are the so - called greenbacks ? Mr. BELL . Yes , sir . Mr. WHITE . So that the difference in security is in favor of the greenbacks rather than the Federal Reserve bank notes ? Mr. BELL ...
... amount- ing to $ 346,000,000 . Mr. WHITE . They are the so - called greenbacks ? Mr. BELL . Yes , sir . Mr. WHITE . So that the difference in security is in favor of the greenbacks rather than the Federal Reserve bank notes ? Mr. BELL ...
Page 19
... amount you did not need for stabilization pur- poses in Govenment bonds . If that had been done you could have had around $ 500,000,000 profit in funds . Mr. MORGENTHAU . Yes , sir . Mr. ANDRESEN . So the $ 30,000,000 profit is not a ...
... amount you did not need for stabilization pur- poses in Govenment bonds . If that had been done you could have had around $ 500,000,000 profit in funds . Mr. MORGENTHAU . Yes , sir . Mr. ANDRESEN . So the $ 30,000,000 profit is not a ...
Page 22
... amount of gold in our domestic dollar under that law ? Dr. WHITE . The statutory content of the gold dollar could not be reduced under that act ; quite right . Mr. GALE . There is just one other question I would like to ask the ...
... amount of gold in our domestic dollar under that law ? Dr. WHITE . The statutory content of the gold dollar could not be reduced under that act ; quite right . Mr. GALE . There is just one other question I would like to ask the ...
Common terms and phrases
American amount ANDRESEN banks bimetallism bondholders bonds Britain bushel cent CHAIRMAN circulation coin committee Congress contract cotton creditor classes currency debt demand demonetization devalue economists effect England exchange exchange stabilization fund exports fact fall of prices foreign France gold and silver gold dollar Gold Reserve Act gold standard Government idle increase India industry interest intrinsic value issued JONES of Nevada legal tender material MCPHERSON measure metals millions mines monetary money volume MORGENTHAU nations number of dollars ounce paper money parity payment population pound pound sterling premium President price of silver prices of commodities Prof Professor HANEY profit prosperity purchasing power quantity of money question range of prices reason rise rupee Secretary Senator Sherman law silver bullion stabilization fund statement supply suppose things tion trade Treasury value of gold value of money wages wheat WHITE
Popular passages
Page 52 - States provides that the Congress shall have power — To coin money, regulate the value thereof, and of foreign coin, and fix the standard' of weights and measures: To provide for the punishment of counterfeiting the securities and current coin of the United States.
Page 61 - 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...
Page 194 - ... the faith of the United States is solemnly pledged to the payment in coin, or its equivalent of all the obligations of the United States...
Page 189 - But none of said interestbearing obligations not already due shall be redeemed or paid before maturity unless at such time United States notes shall be convertible into coin at the option of the holder, or unless at such time bonds of the United States bearing a lower rate of interest than the bonds to be redeemed can be sold at par in coin. And the United States also solemnly pledges its faith to make provision at the earliest practicable period for the redemption of the United States notes in coin.
Page 65 - In compliance with clause 3 of rule XIII of the Rules of the House of Representatives, changes in existing law made by the bill, as reported, are shown as follows (existing law proposed to be omitted is enclosed...
Page 183 - Do ye hear the children weeping, O my brothers, Ere the sorrow comes with years? They are leaning their young heads against their mothers, And that cannot stop their tears. The young lambs are bleating in the meadows, The young birds are chirping in the nest, The young fawns are playing with the shadows, The young flowers are blowing toward the west But the young, young children, O my brothers, They are weeping bitterly ! They are weeping...
Page 68 - An act directing the purchase of silver bullion and the issue of Treasury notes thereon, and for other purposes.
Page 183 - The young lambs are bleating in the meadows, The young birds are chirping in the nest, The young fawns are playing with the shadows, The young flowers are blowing toward the west — But the young, young children, O my brothers, They are weeping bitterly! They are weeping in the playtime of the others, In the country of the free.
Page 11 - Treasury is authorized and directed to purchase silver, at home or abroad, for present or future delivery with any direct obligations, coin, or currency of the United States, authorized by law, or with any funds in the Treasury not otherwise appropriated, at such rates, at such times, and upon such terms and conditions as he may deem reasonable and most advantageous to the public interest...
Page 24 - ... 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.