The History of Bimetallism in the U.S.D. Appleton and Company, 1885 - 259 pages |
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Common terms and phrases
21st Congress 2d session 45th Congress alloy Appendix Bank bill bimetallism bullion cause cent Chart circulation coinage of silver commercial Congress demonetization denominations depreciation dollar piece double standard effect enacted existing exportation fall France free coinage Germany gold and silver gold coins gold dollar gold to silver grains of pure Gresham's law half-dollar Hamilton ibid increased India issued January John Jay Knox Latin Union legal ratio legal tender market ratio medium of exchange monetary ounces of silver payments period precious metals price of silver production of gold production of silver proportion pure gold pure silver relative values relatively to gold Report of 1878 Secretary seigniorage Senate silver bullion silver coins silver dollar silver relatively single standard Soetbeer Spanish dollars standard weight subsidiary coinage subsidiary silver supply thaler thousandths tion trade-dollar Treasury United United States Mint value of gold value of silver
Popular passages
Page 234 - 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 227 - That it shall be lawful for any person or persons to bring to the said mint gold and silver bullion, in order to their being coined ; and that the bullion so brought shall be there assayed and coined as speedily as may be after the receipt thereof, and that free of expense to the person or persons by whom the same shall have been brought.
Page 235 - That immediately after the passage of this act, the President shall invite the governments of the countries composing the Latin Union, so called, and of such other European nations as he may deem advisable, to join the United States in a conference, to adopt a common ratio between gold and silver, for the purpose of establishing, internationally, the use of bimetallic money, and securing fixity of relative value between those metals...
Page 234 - SEC. 3. That in addition to the amount of subsidiary silver coin authorized by law to be issued in redemption of the fractional currency it shall be lawful to manufacture at the several mints, and issue through the Treasury and its several offices, such coin, to an amount, that, including the amount of subsidiary silver coin and of fractional currency outstanding, shall, in the aggregate, not exceed, at any time fifty million dollars.
Page 201 - ... the faith of the United States is solemnly pledged to the payment in coin, or its equivalent of all the obligations of the United States...
Page 228 - That the gold coins of the United States shall contain the following quantities of metal, that is to say: each eagle shall contain two hundred and thirty-two grains of pure gold...
Page 232 - ... shall be fixed from time to time by the Director (of the Mint), with the concurrence of the Secretary of the Treasury...
Page v - League, formed in 1 88 1, the Report of the Royal Commission on the Depression of Trade and Industry...
Page 233 - ... of the United States; and, upon such issue, he is hereby authorized and required to redeem an equal amount of such fractional currency, until the whole amount of such fractional currency outstanding shall be redeemed. Sec. 2. That so much of section three thousand...
Page 72 - ... eagles such as were coined when the contract was made, and this, not because of the intrinsic value of the coin, but because of its legal value. The eagles coined after 1834, were not money until they were authorized by law, and...