Extension of Stabilization Fund and Powers, Etc, Hearing ..., on H.R. 3325 ..., Feb 28, March 3, 7, 8, 10, 17, 23, 1939, Volume 661939 - 279 pages |
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Page 1
... President shall sooner declare the existing emergency ended and the operation of the stabilization fund terminated . " SEC . 2. The second sentence added to paragraph ( b ) ( 2 ) of section 43 , title III , of the Act approved May 12 ...
... President shall sooner declare the existing emergency ended and the operation of the stabilization fund terminated . " SEC . 2. The second sentence added to paragraph ( b ) ( 2 ) of section 43 , title III , of the Act approved May 12 ...
Page 2
... President and I am appearing before you in support of this bill . A discussion of the provisions of H. R. 3325 may be conveniently divided into the provisions dealing with the extension of the stabili- zation fund powers ( Sec . 1 of ...
... President and I am appearing before you in support of this bill . A discussion of the provisions of H. R. 3325 may be conveniently divided into the provisions dealing with the extension of the stabili- zation fund powers ( Sec . 1 of ...
Page 5
... President once a year . There was no provision for any other report . Congress evidently recognized that every precaution should be taken to prevent anyone from attempting , through knowledge of its de- tailed operation , to gain ...
... President once a year . There was no provision for any other report . Congress evidently recognized that every precaution should be taken to prevent anyone from attempting , through knowledge of its de- tailed operation , to gain ...
Page 6
... President in the Thomas amendment passed in May 1933 , was subject to no time limitation . However , it did provide that the gold content of the dollar could not be reduced more than 50 percent . In January 1934 , when the President ...
... President in the Thomas amendment passed in May 1933 , was subject to no time limitation . However , it did provide that the gold content of the dollar could not be reduced more than 50 percent . In January 1934 , when the President ...
Page 7
... President to alter the weight of the gold dollar , also extends the power of the President , conferred by the act of May 12 , 1933 , as amended , to provide for the unlimited coinage of silver . As you know , pursuant to such power the ...
... President to alter the weight of the gold dollar , also extends the power of the President , conferred by the act of May 12 , 1933 , as amended , to provide for the unlimited coinage of silver . As you know , pursuant to such power the ...
Common terms and phrases
$35 an ounce American amount ANDRESEN answer Bank of England BECKHART bill bonds BRADFORD British BYRON cents an ounce CHAIRMAN circulation CLINCH coin coinage committee commodities Congress cost currency debt December December 21 deposit domestic silver EBERHARTER effect excess reserves exports Federal Reserve banks Federal Reserve notes Federal Reserve System finance foreign silver France gentleman gold certificates gold dollar Gold Reserve Act gold standard gold stock Government increase interest issue January JORDAN KNOKE LUCE member banks ment monetary value newly mined operation ounces of silver PARSONS percent pound present President price level price of gold price of silver proclamation profit question redemption Secretary MORGENTHAU securities seigniorage SHEPPARD silver certificates silver dollar Silver Purchase Act SMITH stabilization fund statement sterling tion trade Treasury United United States coinage WHITE York
Popular passages
Page 270 - Act, but the repeal of existing laws or modifications thereof embraced in this Act shall not affect any act done, or any right accruing or accrued, or any suit or proceeding had or commenced in any civil cause before...
Page 83 - That the dollar consisting of twenty-five and eight-tenths grains of gold nine-tenths fine, as established by section thirty-five hundred and eleven of the Revised Statutes of the United States, shall be the standard unit of value, and all forms of money issued or coined by the United States shall be maintained at a parity of value with this standard, and it shall be the duty of the Secretary of the Treasury to maintain such parity.
Page 91 - Silver Purchase Act of 1934." SEC. 2. It is hereby declared to be the policy of the United States that the proportion of silver to gold in the monetary stocks of the United States should be increased, with the ultimate objective of having and maintaining, one-fourth of the monetary value of such stocks in silver.
Page 72 - And it is hereby further declared that the efforts of the Government should be steadily directed to the establishment of such a safe system of bimetallism as will maintain at all times the equal power of every dollar coined or issued by the United States, in the markets and in the payment of debts.
Page 91 - 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 25 - An Act to relieve the existing national economic emergency by increasing agricultural purchasing power, to raise revenue for extraordinary expenses incurred by reason of such emergency, to provide emergency relief with respect to agricultural indebtedness, to provide for the orderly liquidation of joint-stock land banks, and for other purposes...
Page 25 - The President is authorized, in addition to other powers, to reduce the weight of the standard silver dollar in the same percentage that he reduces the weight of the gold dollar. "The President is further authorized to reduce and fix the weight of subsidiary coins so as to maintain the parity of such coins with the standard silver dollar and with the gold dollar.
Page 83 - Every obligation, heretofore or hereafter incurred, whether or not any such provision is contained therein or made with respect thereto, shall be discharged upon payment, dollar for dollar, in any coin or currency which at the time of payment is legal tender for public and private debts.
Page 72 - ... be of equal intrinsic and exchangeable value, or be adjusted through international agreement or by such safeguards of legislation as shall insure the maintenance of the parity of the two metals and the equal power of every dollar, at all times, in the markets and in the payment of debts; and we demand that all paper currency shall be kept at par with and redeemable in such coin.
Page 25 - The President is further authorized to issue silver certificates in such denominations as he may prescribe against any silver bullion, silver, or standard silver dollars in the Treasury not then held for redemption of any outstanding silver certificates, and to coin standard silver dollars or subsidiary currency for the redemption of such silver certificates"; and...