Archives And Manuscript Repositories in the Ussr, Estonia, Latvia, Lithuania, And Belorussia
Archives And Manuscript Repositories in the Ussr, Estonia, Latvia, Lithuania, And Belorussia
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Weeks. They were limited in their discussion to the Aldrich bill. That is what we were hearing them on.
Mr. Vreeland. Yes. In fairness to those gentlemen, almost every one of them, I think all of them, said if we were adopting a system of currency: " We still stand by our position indicated by the Bank- ers' Association. We are for an asset currency of some kind." But ufter having made those statements they say : ^' If you will make those amendments in this bill that will help it and not harm i...t, we will be glad to see it go on the statute books as an emergency measure." Mr. Glass. Did not every one of those bankers, and all of them, ob- ject to and severely criticise this provision of the Aldrich bill, which you ^have retained in your bill, as to bonds as the basis of currency ?
Mr. Vreeland. Bonds were the only basis of currency under the Aldrich bill. Now we have provided for an alternative^ which does aTvay with the necessity of using bonds in order to get the money.
Mr. Glass. On principle they denounced a bond-secured currency.
What to read after Archives And Manuscript Repositories in the Ussr, Estonia, Latvia, Lithuania, And Belorussia?
You can find similar books in the "Read Also" column, or choose other free books by Grimsted, Patricia Kennedy to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Weeks. They were limited in their discussion to the Aldrich bill. That is what we were hearing them on.
Mr. Vreeland. Yes. In fairness to those gentlemen, almost every one of them, I think all of them, said if we were adopting a system of currency: " We still stand by our position indicated by the Bank- ers' Association. We are for an asset currency of some kind." But ufter having made those statements they say : ^' If you will make those amendments in this bill that will help it and not harm i...t, we will be glad to see it go on the statute books as an emergency measure." Mr. Glass. Did not every one of those bankers, and all of them, ob- ject to and severely criticise this provision of the Aldrich bill, which you ^have retained in your bill, as to bonds as the basis of currency ?
Mr. Vreeland. Bonds were the only basis of currency under the Aldrich bill. Now we have provided for an alternative^ which does aTvay with the necessity of using bonds in order to get the money.
Mr. Glass. On principle they denounced a bond-secured currency.
What to read after Archives And Manuscript Repositories in the Ussr, Estonia, Latvia, Lithuania, And Belorussia?
You can find similar books in the "Read Also" column, or choose other free books by Grimsted, Patricia Kennedy to read onlineMoreLess
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