Extension of Stabilization Fund and Powers, Etc, Hearing ..., on S. 991 ...1943 - 286 pages |
From inside the book
Results 1-5 of 57
Page 8
... money appears in Switzerland , in Portugal , or in Argentina , that it have as low a value as possible because the ... paper cur- rency ? Mr. MORGENTHAU . Can Dr. White answer that ? Mr. WHITE . At some length you explained how you can vary ...
... money appears in Switzerland , in Portugal , or in Argentina , that it have as low a value as possible because the ... paper cur- rency ? Mr. MORGENTHAU . Can Dr. White answer that ? Mr. WHITE . At some length you explained how you can vary ...
Page 36
... papers and you are not conversant with that fact ? Professor HANEY . I write a daily ... paper currency ? Professor HANEY . I would not care to go into the details ... money system . Professor HANEY . I think so . Mr. WHITE . 36 EXTEND ...
... papers and you are not conversant with that fact ? Professor HANEY . I write a daily ... paper currency ? Professor HANEY . I would not care to go into the details ... money system . Professor HANEY . I think so . Mr. WHITE . 36 EXTEND ...
Page 37
... money volume abroad would lead to a fall of prices abroad , while the increase of the money volume here by the ... paper money that is redeemable has a relationship to gold ? There would be some degree of convertability . It is because I ...
... money volume abroad would lead to a fall of prices abroad , while the increase of the money volume here by the ... paper money that is redeemable has a relationship to gold ? There would be some degree of convertability . It is because I ...
Page 43
... money of this stabilization fund should be added or tied to the credit of the several nations , or should it be ... paper money . It is the same thing in Germany . Mr. WHITE . Gold is universal money . Professor HANEY . I want to state ...
... money of this stabilization fund should be added or tied to the credit of the several nations , or should it be ... paper money . It is the same thing in Germany . Mr. WHITE . Gold is universal money . Professor HANEY . I want to state ...
Page 46
... paper money and hard money . Comparatively few people in India are accustomed to using bank checks and paper currency . Most of the people desire hard money . The volume of metallic currency needed is , therefore , much larger than ...
... paper money and hard money . Comparatively few people in India are accustomed to using bank checks and paper currency . Most of the people desire hard money . The volume of metallic currency needed is , therefore , much larger than ...
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.