 | Electronic journals - 1891 - 828 pages
...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 - Currency question - 1893 - 214 pages
...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... | |
 | Richard Theodore Ely - Economics - 1893 - 826 pages
...paid for in treasury notes. These treasury notes were to be full legal tender, and were redeemable in gold or silver coin at the discretion of the Secretary of the Treasury. The silver was to be coined only so rapidly as was found necessary for the redemption... | |
 | Edmund Burke - Books - 1894 - 772 pages
...of the 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... | |
 | Edmund Burke - Books - 1894 - 782 pages
...of the 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... | |
 | Encyclopedias and dictionaries - 1894 - 940 pages
...of the 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... | |
 | 1895 - 548 pages
...4,500,000 ounces of silver bullion, and for the issuance of treasury notes in payment thereof redeemable on demand in gold or silver coin at the discretion of the secretary. It made these notes legal tender except where otherwise expressly stipulated in the contract, required... | |
 | Edward Carroll - Banking law - 1895 - 332 pages
...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... | |
 | Maurice Louis Muhleman - Currency question - 1895 - 212 pages
...counted as part of the reserve of any National bank holding them. The redemption provided for might be in gold or silver coin at the discretion of the Secretary of the Treasury, and, to provide silver for the purpose, 2,000,000 ounces were to be coined monthly until... | |
 | Currency question - 1895 - 548 pages
...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... | |
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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. 
