 It is, however, declared in the act to be "the established policy of the United States to maintain the two metals on a parity with each other upon the present legal ratio or such ratio as may be provided by law.  Outlines of Economics - Side 254av Richard Theodore Ely, Thomas Sewall Adams, Max Otto Lorenz, Allyn Abbott Young - 1919 - 769 siderUten tilgangsbegrensning - Om denne boken
 | 1891 - 828 sider
...promise that the notes shall always be redeemed in gold or its exact equivalent. ... In addition to being redeemable in gold or silver coin, at the discretion of the Secretary of the Treasury, and practically under the pledge to maintain the two metals at parity in gold, the treasury... | |
 | Frank William Taussig - 1893 - 214 sider
...contract. They differ from the silver certificates in another respect ; they are redeemable either in gold or silver coin, at the discretion of the Secretary of the Treasury. The indirect process of redemption which, as we have seen, was applied to the silver certificates, is replaced... | |
 | Edmund Burke - 1894 - 772 sider
...Treasury is commanded to purchase monthly, there shall be issued Treasury notes, redeemable on demand in gold or silver coin at the discretion of the Secretary of the Treasury, and that the said notes may be re-issued. It is, however, declared in the Act to be the... | |
 | 1894 - 940 sider
...Treasury is commanded to purchase, monthly, there shall be issued Treasury notes redeemable on demand in gold or silver coin, at the discretion of the Secretary of the Treasury, and that said notes may be reissued. It is, however, declared in the act to be 41 the... | |
 | Edmund Burke - 1894 - 782 sider
...Treasury is commanded to purchase monthly, there shall be issued Treasury notes, redeemable on demand in gold or silver coin at the discretion of the Secretary of the Treasury, and that the said notes may be re-issued. It is, however, declared in the Act to be the... | |
 | 1895 - 548 sider
...debts except where otherwise expressly stipulated in the contract, and receivable for all public dues. Redeemable in gold or silver coin at the discretion of the Secretary of the Treasury. The practice is to redeem them in gold or silver at the option of the holder — generally gold. Gold Ccrtifleatcs,... | |
 | Armistead Churchill Gordon - 1895 - 256 sider
...Treasury. The denominations of the Sherman Treasury notes range from $1 up to $1000. They are specifically redeemable " in gold or silver coin " at the discretion of the Secretary of the Treasury ; but the statute of 1890 recites in terms that it is "the established policy of the United... | |
 | John Sherman - 1895 - 728 sider
...monthly purchase of 4,500,000 ounces of silver bullion, and the payment therefor with treasury notes redeemable in gold or silver coin at the discretion of the Secretary of the Treasury, and to the reissue of said notes after redemption. He stated that up to the 15th of July,... | |
 | Edward Carroll - 1895 - 332 sider
...public and private, except where otherwise stipulated in the contract between the parties. They are redeemable in gold or silver coin at the discretion of the Secretary of the Treasury. In order to maintain a nominal parity of silver and gold, it has been found necessary... | |
 | Jacob Kendrick Upton - 1895 - 328 sider
...approved July 12, 1890, authorizing Treasury notes in payment of silver bullion, which notes were made redeemable in gold or silver coin at the discretion of the Secretary of the Treasury, Congress declared it to be " the established policy of the United States to maintain... | |
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