Resumption of Specie Payments. Testimony Before the Committee On Banking And Currency in Relation to the Resumption of Specie Payments
Resumption of Specie Payments. Testimony Before the Committee On Banking And Currency in Relation to the Resumption of Specie Payments
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After Germany has disposed of its forty-five millions (I believe that is the amount of its silver) I cannot say what the course will be, but it is probable that silver will then advance. That is one of the possibilities. If it does, it is going to help us very much in this matter of resumption.
Mr. EwiNG. But if it does not, the tendency will be to make gold a commodity of export !
Digitized by Googk 122 RESUMPTION OP SPECIE PAYMENTS.
Mr. Stewart. It will, and I think somewhat regardless, too, ...of the exchanges.
Mr. EwiNO. In other words, you think that the passing of the silver bill makes a new oanse of drain of gold from the conntry f Mr. Stewabt. It may, and it will, unless the price of silver advances.
Mr. EWIN0. There is no indication, so far, of such an advance ?
Mr. Stewabt. I do not see any. It has not thns far advanced.
Mr. EwiNa. Do yon think it expedient that the Secretary of the Treasury shall act on the markets and the values of the country by con- tracting the circulation in order to maintain resumption by withholding legal-tender notes ?
What to read after Resumption of Specie Payments. Testimony Before the Committee On Banking And Currency in Relation to the Resumption of Specie Payments?
You can find similar books in the "Read Also" column, or choose other free books by United States. Congress. House. Committee On Banking And Currency to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
After Germany has disposed of its forty-five millions (I believe that is the amount of its silver) I cannot say what the course will be, but it is probable that silver will then advance. That is one of the possibilities. If it does, it is going to help us very much in this matter of resumption.
Mr. EwiNG. But if it does not, the tendency will be to make gold a commodity of export !
Digitized by Googk 122 RESUMPTION OP SPECIE PAYMENTS.
Mr. Stewart. It will, and I think somewhat regardless, too, ...of the exchanges.
Mr. EwiNO. In other words, you think that the passing of the silver bill makes a new oanse of drain of gold from the conntry f Mr. Stewabt. It may, and it will, unless the price of silver advances.
Mr. EWIN0. There is no indication, so far, of such an advance ?
Mr. Stewabt. I do not see any. It has not thns far advanced.
Mr. EwiNa. Do yon think it expedient that the Secretary of the Treasury shall act on the markets and the values of the country by con- tracting the circulation in order to maintain resumption by withholding legal-tender notes ?
What to read after Resumption of Specie Payments. Testimony Before the Committee On Banking And Currency in Relation to the Resumption of Specie Payments?
You can find similar books in the "Read Also" column, or choose other free books by United States. Congress. House. Committee On Banking And Currency to read onlineMoreLess
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