Silver Currency: Hearings Before the Committee on Coinage, Weights, and Measures, House of Representatives, Seventy-second Congress, Second Session. February 1 to 10, 1933
U.S. Government Printing Office, 1933 - Currency question - 241 pages
Considers (72) H.R. 14364, (72) H.R. 14486, (72) H.R. 13000, (72) H.J. Res. 379, (72) H.R. 6712, (72) H.R. 12775, (72) H.R. 12598, (72) H.R. 10209, (72) H.R. 14300, (72) H.R. 14281, (72) H.R. 13793, (72) H.R. 14374.
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additional agree American amount balance BANKHEAD banks base basis become bill bring BRowNELL cent cents an ounce CHAIRMAN China circulation coin committee commodity prices confidence Congress course CRoss currency debts demand depreciated dollar economic effect England exchange expansion export extent fact FIESINGER follow foreign France give going gold standard Government important increase India inflation interest issue JANNEY KEMP less limited maintain mean measure metal mines monetary months normal notes ounces pass payment period PERKINs position practically present price level price of silver production purchase question raise ratio reason reduce reserves restore result rise Secretary sell Senator PITTMAN Senator WHEELER silver bullion silver certificates situation stabilize statement supply thing to-day trade Treasury United worth
Page 56 - There is hereby authorized to be appropriated, out of any money in the Treasury not otherwise appropriated, so much as may be necessary to carry out the provisions of this Act.
Page 3 - January 18, 1837, on which shall be the devices and superscriptions provided by said act ; which coins, together with all silver dollars heretofore coined by the United States, of like weight and fineness, shall be a legal tender at their nominal value, for all debts and dues public and private, except where otherwise expressly stipulated in the contract.
Page 90 - The silver interests began in that year a propaganda to restore the free coinage of silver at the ratio of 16 to 1...
Page 4 - And any gain or seigniorage arising from this coinage shall be accounted for and paid into the Treasury, as provided under existing laws relative to the subsidiary coinage: Provided, That the amount of money at any one time invested in such silver bullion, exclusive of such resulting coin, shall not exceed five million dollars...
Page 13 - Treasury proposed the issue of treasury notes " against deposits of silver bullion at the market price of silver when deposited, payable on demand in such quantities of silver bullion as will equal in value, at the date of presentation, the number of dollars expressed on the face of the notes at the market price of silver, or in gold, at the option of the Government, or in silver dollars at the option of the holder"; together with "the repeal of the compulsory feature of the present coinage act.
Page 4 - States, and when so redeemed may be reissued ; but no greater or less amount of such notes shall be outstanding at any time than the cost of the silver bullion, and the standard silver dollars coined therefrom, then held in the treasury, purchased by such notes...
Page 13 - ... shall be receivable for customs, taxes, and all public dues, and when so received may be reissued...
Page 3 - Troy of standard silver, as provided in the act of ... [January 18, 1837] . . . , on which shall be the devices and superscriptions provided by said act; which coins together with all silver dollars heretofore coined by the United States, of like weight and fineness...
Page 5 - This certifies that there is on deposit in the Treasury of the United States of America one dollar in silver payable to the bearer on demand.
Page 99 - 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.