Word: moneys
(lookup in dictionary)
(lookup stats)
Dates: during 1890-1899
Sort By: most recent first
(reverse)
Etymologically, Bimetallism simply means two metals in some mutaual relation to each other. In addition to this, however, it has come to be understood that the two metals concerned are gold and silver; and that this mutual relation is in, or through their use as money. Within these limits bimetallism may mean more or less. It means either the system of national bimetallism with free coinage of both metals at the legal ratio; or else, and this more properly, the system of international bimetallism, with a free coinage of the metals at a ratio common to the contracting nations...
...this, however, contributes little towards understanding the nature and uses of money; still less towards comprehending the relations between gold and silver in the performance of that function. Until more is known about the cave of Machpelah than history has banded down, the statement that Abraham paid four hundred shekels for it throws but a faint light on the purchasing power of money in his time; while the proud boast that King Solomon "made silver to be in Jerusalem as stones," though enough to make Senators Jones and Stewart rank infidels, does not even suggest a ratio...
Professor Taussig lectured before the Exeter students last evening on "The Present Condition of the Money of the United States...
...Treasurer Hodge of Connecticut on Tuesday paid to Louis Bristol of New Haven, for Yale University, $154,604.45, the amount of the recent award to Yale by the state Yale-Storrs commission; the injunction in the United States Circuit Court restricting the state treasurer from paying any of the money to Yale College being dissolved...
...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...