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" ... 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. "
Banking: Part I: Banking Principles - Página 19
1914 - 568 páginas
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Congressional Currency: An Outline of the Federal Money System

Armistead Churchill Gordon - 1895 - 256 páginas
...necessary for the redemption of the Treasury notes issued under it. The statutory declaration that it is " the established policy of the United States to maintain...parity with each other upon the present legal ratio," as construed by the Treasury officials, has resulted in the redemption of the Sherman Treasury notes...
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Address of Hon. John B. Henderson: At Louisiana, Mo., October 29, 1895, on ...

John Brooks Henderson - 1895 - 40 páginas
...Secretary to redeem the notes issued by its authority in gold or silver, and expressly declared it to be " the established policy of the United States to maintain...metals on a parity with each other upon the present ratio or upon such ratio as may be provided by law." GREENBACK CIRCULATION. Before we entered upon...
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The Money We Need: A Short Primer on Money and Currency

Henry Loomis Nelson - 1895 - 160 páginas
...notes authorized by the act, in the discretion of the Secretary. The act recited further that it was the " established policy of the United States to maintain the two metals on a parity with each other." The Treasury purchased under the Sherman law 168,674,683 ounces at a cost $155,931,002. At 67 cents...
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Sound Currency, 1895-1896: A Compendium of Accurate and Timely ..., Volume 2

1895 - 548 páginas
...notes authorized by the act, in the discretion of the Secretary. The act recited further that it was the " established policy -of the United States to...maintain the two metals on a parity with each other." The Treasury purchased under the Sherman law 168,674,682 ounces at a cost of 4155,931,002. At 60 cents...
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Sound Currency

1895 - 558 páginas
...in the discretion of the Secretary. The act recited further that it was the " established policy «f the United States to maintain the two metals on a parity with each other." The Treasury purchased under the Sherman law 168,674,682 ounces at a cost of f 155,931,002. At 60 cents...
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Money and Banking Illustrated by American History

Horace White - 1895 - 526 páginas
...July 14, 1890, provides not merely for the redemption of the Treasury notes in gold but for keeping "the two metals on a parity with each other upon the present legal ratio." Under the terms of this act silver dollars are as much entitled to redemption in gold as anything else...
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Money in Politics

Jacob Kendrick Upton - 1895 - 328 páginas
...contract, to be redeemable at the discretion of the Secretary of the Treasury in gold or silver coin, " it being the established policy of the United States to maintain the two metals at a parity with each other upon the present legal ratio, or such ratio as may be provided by law."...
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Monetary Systems of the World: A Study of Present Currency Systems and ...

Maurice Louis Muhleman - 1895 - 212 páginas
...the act of February 28, 1878. An important clause of the act of 1890 was the one declaring it to be "the established policy of the United States to maintain the two metals (gold and silver) on a parity with each other, upon the present legal ratio (15.988 to 1) or such ratio...
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The American Magazine of Civics, Volume 7

Andrew J. Palm, Henry Randall Waite - 1895 - 702 páginas
...treasury notes, and declared it to be "the established policy of the United States to maintain the tico metal-s on a parity with each other upon the present legal ratio as may be provided by law." The ostensible purpose of this act was to remedy the deficiencies of the...
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Grover Cleveland

James Lowry Whittle - 1896 - 268 páginas
...discretion of the Treasury. In committee, the following words were added to the description of them : " It being the established policy of the United States...legal ratio, or such ratio as may be provided by law." In many respects this bill was a boon to the shareholders in silver mines. The principle of compelling...
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