Word: silver
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Dates: during 1930-1939
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...avail. The amendment was voted down 54 to 36. The privilege of nearly upsetting the Administration's plans was reserved for Senator Wheeler who offered an amendment requiring the Government to buy up to 750,000,000 oz. of silver until a 16 to 1 price ratio was obtained.* The Wheeler amendment was defeated by just two votes...
Only two amendments were added to the bill: 1) limiting the use of the stabilization fund and Presidential dollar tinkering to three years; 2) giving the President power but not requiring him to issue silver certificates against all silver which the Treasury holds or may acquire. This done the bill passed 66 to 23 with only one Democrat, the indomitable Glass, voting against it. Promptly the House accepted the bill with the Senate amendments...
...This would have boosted silver not to $1.29 an ounce, the old 16 to 1 price but, because the price of gold has risen, to around $2.50 an ounce -higher than silver has been in a century...
Some Chinese said that Generalissimo Chiang had paid the 19th Route Army 6,000,000 Mexican silver dollars to retreat. But nobody claimed that the Nationalist executive session could do much but listen to Victor Chiang's "plans for the coming year...
...same $2,000,000,000 to buy Government securities - to help stabilize the market for Government bonds while the U. S. is marketing the $10,000,000,000 of new and refunding issues planned between now and July1. 5) To do something eventually toward the use of more silver as a monetary base, but to let that wait till the effect of the London silver agreement (under which the Treasury is now buying all U. S. mined silver at 64.64? an ounce) had been seen. Persuasion. The language in which the President urged Congress to these steps: "By making clear...