Word: rec
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...conditions under which the present tax arose no longer exist. - (a) It was a war measure to force the purchase of U. S. bonds: Cong. Rec., June, 1892, p. 5381. (b) As its purpose is now accomplished the States should legislate...
...present currency system must be changed. - (a) The National Bank system cannot last beyond the year 1907: Cong. Rec. Senator Sherman, p. 5381; Pres. Coe in Proceeding of Nat. Bank Ass'n, 1881, p. 30; Ingalls and Plumb in Sen. Journ. 48th Cong. 1st sess. pp. 1148-9, 1298. (b) There is need of more currency: Come. and Financ. Chron. May, 1892, pp. 781, 868; Cong. Rec...
...best currency obtainable, - (a) It would allow the establishment of State Banks. (b) State banks would furnish the best currency. - (1) The present legal tenders are a burden aad menace: C. F. Adams, Chapters of Erie. (2) The issues by state banks would be more flexible and responsive: Cong. Rec. pp. 5577-8; Forum...
...State Banks can be made secure: - (a) With the refusal of the tax, legislation throwing safeguards around the banks could be passed; Mass, Dem. Platform, 1892. (b) Notes not secure could not circulate under the conditions of today: Cong. Rec. p. 5578. (c) Before the war, the majority of state banks were sound: Nation, Sept...
...state banking system was injurious to the people: Labor's Cycl. 1, 211; Walker, Money, 479; McPherson in Cong. Rec. 48th Cong. 1st Sess., p. 1086; Knox in Finance Report, 1876, p. 150; Pres. Harrison's Letter of Acceptance; McKinley in Boston Herald...