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Home > Law Books > Jurisprudence and general issues > Resumption and the Silver Question; Embracing a Sketch of the Coinage and of the Legal-Tender Currencies of the United States and Other Nations. a Hand-Book for the Times
Resumption and the Silver Question; Embracing a Sketch of the Coinage and of the Legal-Tender Currencies of the United States and Other Nations. a Hand-Book for the Times

Resumption and the Silver Question; Embracing a Sketch of the Coinage and of the Legal-Tender Currencies of the United States and Other Nations. a Hand-Book for the Times


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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated.1878 Excerpt: ... PART II. RESUMPTION OF SPECIE PAYMENTS. IT is now proposed to raise the value of the government notes of the United States to the par of coin. The provision necessary, in the opinion of Mr. Sherman, Secretary of the Treasury, was fully set forth by him in recent conferences with the Committee of the Senate on Finance, and the Committee of the House of Representatives on Banking and Currency. The conference with the Senate Committee was held on the 19th of March, 1878. At this conference several interrogatories were proposed to the Secretary by members of the Committee which, and their answers, were, with some abbreviations, as follows: The Chairman. Ought the Resumption Act to be repealed, and if not, why not? Secretary Sherman. The question is a very general and is rather a legislative than an executive question; but I The Committee on Finance of the Senate consists of Mr. Morrill of Vermont, Chairman; Messrs. Dawes of Massachusetts, Ferry of Michigan, Jones of Nevada, Allison of Iowa, Bayard of Delaware, Kernan of New York, Wallace of Pennsylvania, and Voorhees of Indiana. 16 have no objections to answering. I think the Resumption Act ought not to be repealed, and now I am fully convinced that we are able to do what we have so often. promised to do and ought to do. Chairman. Do you think resumption is practicable under the present law? Secretary Sherman. The best evidence that we are able to resume on the 1st of January next is the progress that has already been made. When the Resumption Act was passed, the premium on gold was about 10 per cent. Since that time it has been reduced to a nominal rate. It is now a little over 1. Since that time we have accumulated in preparation for resumption a large sum of gold. I have taken some pains to get the figu...


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Product Details
  • ISBN-13: 9781458846501
  • Publisher: General Books
  • Publisher Imprint: General Books
  • Height: 246 mm
  • No of Pages: 64
  • Spine Width: 3 mm
  • Width: 189 mm
  • ISBN-10: 1458846504
  • Publisher Date: 01 Feb 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 132 gr


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Resumption and the Silver Question; Embracing a Sketch of the Coinage and of the Legal-Tender Currencies of the United States and Other Nations. a Hand-Book for the Times
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