Forty Years of American Finance: A Short Financial History of the Government and People of the United States Since the Civil War, 1865-1907 |
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Common terms and phrases
actual Administration already American Annual bankers banks began bill bonds capital cash cent circulation City close coin coinage companies Congress continued contraction crop currency December demand Democratic deposits dollars equally Europe exchange export fact February followed forced foreign four fund gold gold reserve Government hand heavy House important increase industrial interest investment issue January July legal tenders legal-tender legislation less loan London majority March matter measure ment million months movement nature nearly notes November operation panic party passed payments period political possible present President production question railway reached reason record redemption Report Representatives Republican reserve result resumption revenue rise rose Secretary securities Senate shares Sherman silver situation specie speculation speech supply surplus tariff tion trade Treas Treasury Treasury's trust United vote whole York
Popular passages
Page 138 - The Republican party is in favor of the use of both gold and silver as money, and condemns the policy of the Democratic Administration in its efforts to demonetize silver.
Page 263 - We demand the free and unlimited coinage of both silver and gold at the present legal ratio of 16 to 1 without waiting for the aid or consent of any other nation.
Page 237 - In consideration of the purchase of such coin the parties of the second part, and their associates hereunder, assume and will bear all the expense and inevitable loss of bringing gold from Europe hereunder; and, as far as lies in their power, will exert all financial influence and will make all legitimate efforts to protect the Treasury of the United States against the withdrawals of gold pending the complete performance of this contract.
Page 352 - Act, to determine and prescribe what will be the just and reasonable rate or rates, charge or charges, to be thereafter observed in such case as the maximum to be charged...
Page 17 - 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 232 - But these obligations when received and redeemed in gold are not cancelled but are re-issued, and may do duty many times by way of drawing gold from the Treasury. Thus we have an endless chain in operation constantly depleting the Treasury's gold and never near a final rest.
Page 263 - We are opposed to the policy and practice of surrendering to the holders of the obligations of the United States the option reserved by law to the government of redeeming such obligations in either silver coin or gold coin.
Page 13 - The excellence of a circulating medium " that rests on the property of the whole country, and has for its security the faith and patriotism of the greatest and freest country on the face of the globe," ' played its usual part in the discussion; so did the argument that "the amount of legal tenders now outstanding is not too much for the present condition of the country.
Bibliographic information
| Title | Forty Years of American Finance: A Short Financial History of the Government and People of the United States Since the Civil War, 1865-1907 |
| Author | Alexander Dana Noyes |
| Edition | 2, reprint |
| Publisher | G.P. Putnam's Sons, 1909 |
| Original from | the University of Michigan |
| Digitized | Sep 26, 2006 |
| Length | 418 pages |
| Export Citation | BiBTeX EndNote RefMan |