Word: congress
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Dates: during 1890-1899
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check each other, (Bryce, 461).- (1) A hasty and unconsidered action, should be prevented, (Ibid, 108).- (2) Too great domination over congress by the people should be prevented.- (a) The capriciousness of the public will is one of the greates dangers to the Republic.- (B) The disadvantages of electing both bodies on the same basis are seen in state legislatures.- (1) There is no conservative check in state legislation.- (a) Too much trivial legislation, (Bryce, I, 520).- (2) Both houses of the state legislatures are excessively afraid of the people, (Bryce...
...very large audience assembled in Sanders Theatre last evening to hear the second debate between Harvard and Princeton. The question was: "Resolved, That Congress should take immediate steps towards the retirement of all the legal tenders." The affirmative was supported by Princeton, her representatives being Herbert Ure '96, of New Jersey, Robert McNutt McElroy '96, of Missouri, and Frederick William Loetscher '96, of Iowa. For Harvard, William S. Youngman L. S., of Pennsylvania, Joseph P. Warren '96, of Massachusetts, and Fletcher Dobyns '98, of Ohio, supported the negative...
...debate was opened by Herbert Ure '96, of Princeton. He began by outlining briefly the legislation which has been passed concerning the legal tender notes. At the time of the Civil War Congress provided for the issue of notes which should be accepted as legal tender. It was later ordered that $100, 000,000 in gold should be kept as a reserve fund in the treasury to meet these notes...
...Congress in issuing legal tender notes has given us practically flat money, the evils of which are only too well known. For fifteen years our confidence has been undermined by this constant flooding of the currency. Until the legal tender notes are retired confidence can not be restored. We must draw a sharp distinction between the functions of a bank and the true duty and business of a government...
...speaker thought that Congress should begin to retire the notes at the rate of $30,000,000 a year. With the gold which would then flow into our treasury we could pay the outstanding notes. He advocated the increased use of national bank currency. This would give us the true requisites of currency-stability and elasticity...