Word: acte
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Dates: during 1890-1899
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...stated that State Treasurer Hodge has declined for the present to pay to Yale the money awarded by the terms of the Storrs arbitration decision, amounting to $154,000. Mr. Hodge represents that the terms of the act passed by the Legislature of last year authorizing the appointment of the commission were ambiguous in nature, and that he thinks it his duty to refer the entire matter to the next Legislature before paying the amount to Yale. The Yale Corporation will make another effort to collect the money...
...authorities refuse either to favor or to antagonize the movement, but are waiting to see what Albany offers, and will then act for the best interests of the college. It is believed, however, that there would be no objection made by the authorities to removal if satisfactory offers were made. Sentiment, a large number of the alumni, the local Trustees, and other influences are arrayed against removal, and no one can guess the outcome. A meeting of the board of trustees will be held today and the matter will probably be discussed...
...legal tender notes, the "greenbacks," are the result of the financial legislation of the Civil War. For the last sixteen years their volume has been fixed, because, on being presented for redemption, they are reissued. Identical in legal qualities are the Treasury Notes, issued in pursuance of the Sherman Act of 1890. Although, in theory, they may be shifted into silver notes or silver dollars, as a fact, they, too, have remained a fixed quantity. There is a general impression that these notes are different from the U. S. Notes, in that, while the latter will always be redeemed...
...silver dollars and certificates (class 2) were issued from 1878 to 1890. These two forms of currency are practically equivalent. The Act of 1878 provided that any time the silver dollars might be put in the treasury and exchanged for silver certificates. Owing to the clumsiness of the silver dollar this is actually what has taken place, so that the certificates are much more numerous than the dollars. But, as this was not the expectation in 1878, the silver certificates were not made legal tender. As they constitute no claim upon the holdings of the government except for silver...
...agent to the government, (b) the duty of maintaining a gold reserve. The latter function should not be made to depend upon the revenues of the government. The present low condition of the treasury has been the result of the low returns from revenue, due to the McKinley tariff act, and the big appropriations of the Harrison administration...