Word: paper
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Dates: during 1890-1899
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Geological Conference. Paper: Exhibition of New Lantern Slides. (Illustrated with stereo pticon.) Mr. J. B. Woodworth. Geological Lecture Room...
crepancies in the Harvard evidence, he reiterated the statement that the notes issued under the Act of '90 are bad from inherent faults which are common to the whole system of paper legal tender. The whole body of this flat currency must be withdrawn, and replaced by means of the national banking system, which is a reliable source of financial strength...
McElroy was the second Princeton speaker in rebuttal. He attacked the instance cited by the negative, that England had successfully floated paper legal tender, and pointed out the danger, under the present system, of persuading the public that a government can create money. He then showed that the present notes are not actually redeemable, and quoted as an example a rebuff experienced by a Baltimore company trying to redeem notes at Washington...
Youngman, who spoke next, said that the imperfections in the present system of redemption do not prove that the policy of employing a limited amount of paper, covered by a gold reserve, is wrong in principle. Harvard supported, not the present system, but the present system reformed by simple remedies...
Geological Conference. Paper: Exhibition of New Lantern Slides. (Illustrated with stereopticon.) Mr. J. B. Woodworth. Geological Lecture Room...