Speeches of William Jennings Bryan 1
Speeches of William Jennings Bryan 1
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They do not refuse BIMETALISM 127 silver or silver certificates. They are glad enough to get any kind of money. We were told last spring that gold was going to a premium, but recently in New York City men found a profitable business in the selling of silver certificates of small denominations at 2 per cent, premium, and on the 5th of this month there appeared in the New York Herald and the New York Times this advertise- ment: WANTEI>— SILVER DOLLARS.—We desire to pur- chase at a premium of ^ pe...r cent., or $7.50 per thousand, standard stiver dollars, in sums of $1^000 or more, in return for our certified checks payable through the clearing-house.
ZIMMERMANN & FORSHAY, Bankers, 11 WaU Street.
About the same time the New T^ork police force was paid in $20 gold pieces because of the scarcity of other kinds of money. How many of the failing banks have obeyed the law in regard to reserve?
How many have crippled themselves by loaning too much to their oflScers and directors? The sit- uation can be stated in a few words: money can- not be secured to carry on business because the banks have no money to loan ; banks have no money to loan because the depositors have withdrawn their money; depositors have withdrawn their money because they fear the solvency of the banks ; enterprises are stagnant because money is not in circulation.
What to read after Speeches of William Jennings Bryan 1?
You can find similar books in the "Read Also" column, or choose other free books by Bryan, William Jennings, 1860-1925 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
They do not refuse BIMETALISM 127 silver or silver certificates. They are glad enough to get any kind of money. We were told last spring that gold was going to a premium, but recently in New York City men found a profitable business in the selling of silver certificates of small denominations at 2 per cent, premium, and on the 5th of this month there appeared in the New York Herald and the New York Times this advertise- ment: WANTEI>— SILVER DOLLARS.—We desire to pur- chase at a premium of ^ pe...r cent., or $7.50 per thousand, standard stiver dollars, in sums of $1^000 or more, in return for our certified checks payable through the clearing-house.
ZIMMERMANN & FORSHAY, Bankers, 11 WaU Street.
About the same time the New T^ork police force was paid in $20 gold pieces because of the scarcity of other kinds of money. How many of the failing banks have obeyed the law in regard to reserve?
How many have crippled themselves by loaning too much to their oflScers and directors? The sit- uation can be stated in a few words: money can- not be secured to carry on business because the banks have no money to loan ; banks have no money to loan because the depositors have withdrawn their money; depositors have withdrawn their money because they fear the solvency of the banks ; enterprises are stagnant because money is not in circulation.
What to read after Speeches of William Jennings Bryan 1?
You can find similar books in the "Read Also" column, or choose other free books by Bryan, William Jennings, 1860-1925 to read onlineMoreLess
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