Word: tenderness
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...deficit; but, the amount being much more than necessary, the government has been able to put aside 90 millions of legal tender notes...
...above remedy could be only a temporary one. The permanent remedies are two, (a) retirement of the legal tender notes, or, (b) separation of the two functions of the treasury. According to the latter plan, if the government is to continue to issue convertible paper money, it should set up a separate establishment which should be entirely free from the fluctuations of revenue. This is the principle on which the currency of England rests...
...other permanent remedy, the retirement of the legal tender notes, is the best. But the strong argument for this plan is not the one ordinarily given, the "endless chain" argument, the depletion of the gold reserve. For this could be remedied by the former plan of keeping down the volume of currency. The real argument for the complete retirement of the legal tender notes is the danger of over-issue. This is the familiar argument against the issue of inconvertible paper money...
...convenience sake a table was put on the blackbord showing the condition of the currency last month. (N. B. The figures given represent millions of dollars. Subsidiary coins, i.e., under one dollar, are not taken into account.) Legal tender notes are of two kinds: (a) U. S. Notes, commonly known as "greenbacks," 346.7; (b) Treasury Notes...
...undersigued, voters of the State of Massachusetts, call upon Congress to enact such laws as will secure to the people a full legal tender national currency that shall be independent of the money dealers. As a first step, they call for a restriction of silver to its relative value to gold that it so long held in the exchanges of the world...