The Philippines: the First Civil Governor
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— The Publishers.
[87] CIVIL GOVERNMENT IN THE PHILIPPINES of tlie legislature of the islands, the Commission to constitute the other hranch. The House bill further provides for the selection by the pop- ular assembly and the Commission of two delegates who shall represent their constituents before the execu- tive and legislative branches of the Government at Washington. The House bill provides for the estab- lishment of a gold standard of value in the islands, to wit, the American gold dollar.... It further provides for the coinage of a Filipino peso to contain silver of value in gold of about forty cents or less, and a use- ful and proper subsidiary coinage.
This coinage is to be limited to the government only, and the seignior- [88] CONGRESSIONAL ACTION age is reserved as a fund to main- tain the parity of the peso with fifty cents gold. Other means are pro- vided in the act by which the Phil- ippine Government is authorized to maintain the parity. It is hoped by the Commission that recom- mended this plan, and by the Com- mittee of the House, that it will prevent the fluctuations of value due to the use of Mexican currency, and will at the same time furnish a coinage so near to the present coinage as not to create a disturb- ance in values or in wages.
What to read after The Philippines: the First Civil Governor?
You can find similar books in the "Read Also" column, or choose other free books by Roosevelt Theodore to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
— The Publishers.
[87] CIVIL GOVERNMENT IN THE PHILIPPINES of tlie legislature of the islands, the Commission to constitute the other hranch. The House bill further provides for the selection by the pop- ular assembly and the Commission of two delegates who shall represent their constituents before the execu- tive and legislative branches of the Government at Washington. The House bill provides for the estab- lishment of a gold standard of value in the islands, to wit, the American gold dollar.... It further provides for the coinage of a Filipino peso to contain silver of value in gold of about forty cents or less, and a use- ful and proper subsidiary coinage.
This coinage is to be limited to the government only, and the seignior- [88] CONGRESSIONAL ACTION age is reserved as a fund to main- tain the parity of the peso with fifty cents gold. Other means are pro- vided in the act by which the Phil- ippine Government is authorized to maintain the parity. It is hoped by the Commission that recom- mended this plan, and by the Com- mittee of the House, that it will prevent the fluctuations of value due to the use of Mexican currency, and will at the same time furnish a coinage so near to the present coinage as not to create a disturb- ance in values or in wages.
What to read after The Philippines: the First Civil Governor?
You can find similar books in the "Read Also" column, or choose other free books by Roosevelt Theodore to read onlineMoreLess
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