Word: silver
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Dates: during 1890-1899
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...silver must be cared for, this may be done better than by compulsory purchase: a. By using it in the subsidiary coinage. b. By issuing button certificates according to Sec'y Windon's proposal; report of the Sec'y of Treas...
...present law is satisfactory. 1. It supplies a much needed addition to our circulating medium, Sec. of Treas 1890. p. XX. 2. Preserves the policy of the government by keeping gold and silver in use at a parity. 3. 15 a step toward placing our currency on a sound metallic basis. 4. Supplies a legal tender note more useful and desirable than the silver dollar. 5. Does not compel needless coinage of the silver dollar. 6. Gives the Sec. of the Treas. sufficient power to regulate purchase and coinage. The compulsory purchase avoids a vacillating policy...
...unconditional repeal of the present law is impracticable. a. The currency must be increased. 1 Contraction of bank issue. Table I. page 32 in Rep. of Compt. of Cur., 1889. Sec. of Treas. 1889. p. XC; Trussig Silver Ques. Quar. J. Econ, p. 19. 2. Increase in population and business, Census 1890. Forum Apr. 1890, p. 169. 2. Per capita circulation less than other countries. b. Silver can best supply the need of more currency. 1. Necessity of a metallic basis. 2. Diminution of gold supply. 3. U. S. the greatest silver supply; Sec. of Treas. 1889 LXXIX...
...return to the law of 1878 would be unsatisfactory, Sec. of Treas. 1890. p. XXXIII. a. That law was inadequate. b. Unwise in compulsory coinage of the silver dollar. c. Sentiment of the country opposed...
...repeal of the present law would precipitate free coinage on the country. The people favor more liberal use of silver. Elections of 1890 Farmers' Alliance Resolutions. b. The present law is a compromise with free coinage. c. Free coinage at present price of silver would cause serious financial disturbance...