Exchanging Agricultural Surplus Products for Silver: Hearings Before ..., 73-2 on H.R. 7581, H.R. 1577 and S. 3039 ..., March 27 ... April 2, 1934
1934 - Silver - 166 pages
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accept actual agricultural American amount answer authorized banks base basis bill billion Board bring cash cause cents CHAIRMAN China circulation coin committee commodities confidence Congress correct cotton course currency debts demand deposits depreciated depression dollar economic effect England exchange expand export extent fact Federal Reserve banks Federal Reserve Board FIESINGER figures fixed follows foreign France give going gold standard GOLDEN WEISER GOLDENWEISER Government important increase inflation interest issue JANNEY less loans manufacturers matter means measure metallic monetary ounces percent present President price level price of silver purchasing power question raise reason record redeem rise Secretary Senator THOMAS Senator WHEELER silver certificates statement supply surplus thing tion trade Treasury true United volume
Page 38 - Treasury is authorized and directed to purchase silver, at home or abroad, for present or future delivery with any direct obligations, coin, or currency of the United States, authorized by law, or with any funds in the 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...
Page 3 - ... shall be receivable for customs, taxes, and all public dues, and when so received may be reissued...
Page 3 - This certifies that there is on deposit in the Treasury of the United States of America one dollar in silver payable to the bearer on demand.
Page 70 - UNITED STATES SENATE, COMMITTEE ox AGRICULTURE AND FORESTRY, Washington, DC The committee met, pursuant to recess, at 10 am, in room 324, Senate Office Building, Senator Elmer Thomas (chairman), presiding.
Page 4 - All acts or parts of acts inconsistent with any of the provisions of this act are hereby repealed.
Page 113 - ... the horrible cycle of deflation, with its terrible consequences in human suffering, begins to revolve toward the abyss. Then the only hope for humanity was to stop gold payments, to go off gold.