To Repeal the Silver Purchase Act of 1934: Hearings Before the Subcommittee of the Committee on Banking and Currency, United States Senate, Seventy-sixth Congress, First Session, on S. 785, a Bill to Repeal the Silver Purchase Act of 1934, to Provide for the Sale of Silver, and for Other Purposes. April 19, 20, 24, and 27, 1939, Parte 1U.S. Government Printing Office, 1939 - 252 páginas |
Palavras e frases frequentes
abroad American silver amount of silver balance Bank of China bank reserves BECKHART bill bimetallism BRATTER bullion Central Bank cents an ounce circulation coinage committee commodity Congress demonetized deposits domestic silver ECCLES economic economists effect excess reserves exchange Federal Reserve banks Federal Reserve notes Federal Reserve System Finance foreign silver gold certificates Gold Reserve Act GRAHAM H. H. Kung increase India industry inflation interest issuance of silver Latin Monetary Union metal Mexico Monetary Policy ounces ounces of silver payments percent price of silver production profit purchase of silver purchasing power ratio repeal rupee Secretary seigniorage sell Senator ADAMS interposing Senator BROWN Senator MILLER Senator TOWNSEND Shanghai silver bullion silver certificates silver coins silver exports silver policy silver producers silver program Silver Purchase Act silver standard statement stocks of silver subcommittee subsidy tion Treasury United University value of silver Whereas York yuan
Passagens conhecidas
Página 38 - Silver Purchase Act of 1934." SEC. 2. It is hereby declared to be the policy of the United States that the proportion of silver to gold in the monetary stocks of the United States should be increased, with the ultimate objective of having and maintaining, one-fourth of the monetary value of such stocks in silver.
Página 90 - The people of the United States are entitled to a sound and stable currency and to money recognized as such on every exchange and in every market of the world. Their Government has no right to injure them by financial experiments opposed to the policy and practice of other civilized states...
Página 90 - ... of values; but the wage earner — the first to be injured by a depreciated currency and the last to receive the benefit of its correction — is practically defenseless. He relies for work upon the ventures of confident and contented capital. This failing him, his condition is without alleviation, for he can neither prey on the misfortunes of others nor hoard his labor.
Página 42 - November 4, 1935, the bank-notes issued by the Central Bank of China, the Bank of China and the Bank of Communications shall be full legal tender.
Página 38 - 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...
Página 38 - ... c) That they shall substitute silver coins for low value paper currency in so far as the budgetary and local conditions of each country will permit} d) That all of the provisions of this resolution are subject to the following exceptions and limitations: The requirements of such provisions shall lapse on April...
Página 1 - Congress, to employ such clerical and other assistants, to require by subpena or otherwise the attendance of such witnesses and the production of such books, papers, and documents, to administer such oaths, to take such testimony, and to make such expenditures, as it deems advisable. The cost of stenographic services to report such hearings shall not be in excess of 25 cents per hundred words. The expenses of the committee, which shall not exceed $5,000, shall be paid from the contingent fund of...
Página 90 - Every dollar of fixed and stable value has through the agency of confident credit an astonishing capacity of multiplying itself in financial work. Every unstable and fluctuating dollar fails as a basis of credit, and in its use begets gambling speculation and undermines the foundations of honest enterprise.