Word: silver
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Dates: during 1930-1939
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...Affairs, Irrigation & Reclamation, Public Lands & Surveys Committees, all important to the political welfare of Arizona. He is not famed for elaborate addresses to his colleagues, but Congressional Records of the past 22 years have been enriched by pungent "remarks" from "the War Eagle of the San Francisco Crags," "the Silver-Tongued Sunbeam of the Painted Desert...
...voted for: 18th Amendment (1917), Volstead Act (1919), Soldier Bonus (1924), Reapportionment (1929), Hoover moratorium (1931), Muscle Shoals (1931-33), RFC (1952), Bonus (1932), Repeal (1933), Economy Act (1933;), 16-to-1 silver (1933), AAA (1933), NIRA (1933), abrogating gold contracts (1933), St. Lawrence Waterway (1934), Cotton Control (1934), stock exchange regulation...
Legislative hobbies: silver, copper, veterans, Indians, irrigation...
...carry out the prime purpose of the Silver Purchases Act, which is to convert 25% of U. . S. monetary reserves into silver, the Treasury will have to buy 1,254,000,000 oz. of silver-about one tenth of the world's supply. Secretary Morgenthau has announced that he will "enthusiastically" carry out the purpose of the Act-but no time limit for its execution is set. Against silver purchases the Government at present will issue certificates equal to the price paid for the metal. For its purchases so far the Federal Government has paid an average...
Beside this yellow river a white one ran into the Treasury as the Government continued to buy silver bullion under the Silver Purchase Act. Total purchases since May were up to approximately 70,000,000 oz. "Silver traders on the New York Commodity Exchange were greatly perturbed last fortnight when President Roosevelt signed the bill, which places a 50% tax on all profits from speculation in silver bullion, exclusive of industrial hedging and hedging by banks against foreign exchange. By law the Treasury is not allowed to pay more than 50? per oz. for silver stocks held...