Word: acted
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Dates: during 1890-1899
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...remarkable success of our own greenbacks up to 1890. I have shown that of all the evils that afflict our currency system today, not one is inherent in the legal tenders; for of the three causes of the present trouble, the first and second were due to an iniquitous act passed wholly in the interests of silver. And for the third and final cause, I have shown that we must not blame the legal tenders themselves, but the absurd connection of the two departments of the treasury; and that mandatory provision for endless reissue. If the redeemed notes had been...
Greatest among those whom we must emulate is Jesus Christ. He came and left, but only that He might come again. We must reproduce his spirit, not by vain yearnings after ideals, but by act and deed...
Meanwhile the United States had continued to coin silver at the ratio 16:1, as provided by the Act of 1876. In 1890 the Sherman Bill, providing for the monthly purchase of 4,500,000 ounces of silver and a corresponding issue of currency, was passed. In 1892 a conference was arranged to be held at Brussells, which but for the unreasonable delay of the United States might have accomplished much. But while the United States delayed for political reasons, Lord Salisbury, Mr. Goshen, then chancellor of the exchequer, and other bimetallists were defeated at the polls, and the English...
...money world has stood two great strains since the repeal of the Sherman act and the closing of the mints in India against silver. Sentiment is now again strongly in favor of monetary reform...
...dates the agition of the "Silver Question." Silver was, however, remonetized by the Bland Bill of 1878. In so far, the step was a wise one, but the unfortunate clause, providing for a minimum coinage of two millions per month was disastrous. The United States was thus made to act as receiver of the surplus foreign silver. Furthermore, this bill had the effect of confusing the whole question, creating the false impression that its evils were due to the principle of bimetallism...