 | 1891 - 828 Seiten
...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 notes have... | |
 | Frank William Taussig - 1893 - 214 Seiten
...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 - 1893 - 826 Seiten
...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 - 1894 - 772 Seiten
...give the least heed to financial subjects. This law provides that, in the payment for the 4,500,000 ounces of silver bullion which the Secretary of 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 established policy of... | |
 | Edmund Burke - 1894 - 782 Seiten
...give the least heed to financial subjects. This law provides that, in the payment for the 4,500,000 ounces of silver bullion which the Secretary of 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 established policy of... | |
 | Maurice Louis Muhleman - 1895 - 212 Seiten
...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 July i, 1891, into... | |
 | John Sherman - 1895 - 728 Seiten
...purchase of 4,500,000 ounces of silver bullion, and the payment therefor with treasury notes redeemable in gold or silver coin at the discretion of the Secretary of the Treasury, and to the reissue of said notes after redemption. He stated that up to the 15th of July, 1893, such notes... | |
 | 1895 - 558 Seiten
...providing that in payment for such silver, Treasury notes of the United States should be issued payable on demand in gold or silver coin, at the discretion of the Secretary of the Treasury. It was, however, declared in the act to be " the established policy of the United States... | |
 | 1895 - 548 Seiten
...treasury of 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... | |
 | Armistead Churchill Gordon - 1895 - 256 Seiten
...denominations of the Sherman Treasury notes range from $1 up to $1000. They are specifically redeemable " in gold or silver coin " at the discretion of the Secretary of the Treasury ; but the statute of 1890 recites in terms that it is "the established policy of the United... | |
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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. 
