Word: acte
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Dates: during 1890-1899
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Question: "Resolved, That the silver act of 1890 is wise...
...obeyed unless we see clearly something better. Among the best things the thought of duty requires especial study. Duty, Necessity, and Pleasure must be contrasted as motives. Our duty always shows itself to us as the best thing, yet one which we have power to reject. There are many acts to which the sense of duty has no application, but where pleasure may be allowed free play. Moreover the same thing which duty would command is done better if we do it from love. But duty is needed to keep us true, till our loves are surely wise and strong...
...act will cause the treasury serious embarrassments. - (a) If the government continues to issue the treasury notes the reserve of gold will be exhausted: Forum, Oct. 1890. - (b) If the government is obliged to board part of the notes, there will be a drain on the resources of the treasury...
...act will be a serious embarrassment to the country, by introducing the silver standard. - (a) When the reserve of gold fails the silver dollar will no longer circulate at its face value. - (b) The silver standard cannot be introduced without a crisis...
...act is a disturbance of existing condition. - (a) The gold standard is better: Forum, 9, 292. - (b) Gold is the standard used in foreign trade...