What Can be Done to Perfect Our Currency?: Address at the Annual Convention of the American Bankers' Association, Cleveland, September Seventh, 1899Press of H. Wittman, 1899 - 29 頁 |
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absolutely safe adverse election adverse Senate Bond-Secured Bank Notes Bond-Secured Currency bonds Cancel or Impound centres where trade Check Currency Congress crease Credit currency issued Currency Reform currency system currency the world danger day that need demand deposited in Banks disappear by natural dull in sum election of 1896 Establish the Gold given the vitality Gold Certificates Gold Democrats Gold Reserve Gold Standard Greenbacks are essentially Guarded Bank Notes Impound the Greenbacks Indianapolis Monetary intentions beyond dispute laws from ambiguity legitimate business live one minute money is needed National Bank notes natural law Nebraska Notes against Assets Notes and Substitute once redeemed paper currency pay to issue perfect our currency place their honorable pledge for Sound political polls present standard President McKinley rency Republican party Retire Bond-Secured Bank secure such financial silver Sound Money pledges Standard by law Substitute Properly Safe tion UNIVERSITY OF MICHIGAN victory voters zens
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第 10 頁 - ... coinage of silver except by International agreement with the leading commercial nations of the world, which we pledge, ourselves to promote; and until such agreement can be obtained the existing gold standard must be preserved. All our silver and paper currency must be maintained at parity with gold, and we favor all measures designed to maintain Inviolably the obligations of the United States and all our money, whether coin or pnpcr. at the present standard, the standard of the most enlightened...
第 9 頁 - It will not suffice for citizens nowadays to say simply that they are in favor of sound money. That is not enough. The people's purpose must be given the vitality of public law. Better an honest effort with failure than the avoiding of so plain and commanding a duty.
第 5 頁 - In my judgment, the present condition of the Treasury amply justifies the immediate enactment of the legislation recommended one year ago, under which a portion of the gold holdings should be placed in a trust fund from which greenbacks should be redeemed upon presentation, but when once redeemed should not thereafter be paid out except for gold.
第 5 頁 - ... holdings should be placed in a trust fund from which greenbacks should be redeemed upon presentation, but when once redeemed should not thereafter be paid out except for gold. It is not to be inferred that other legislation relating to our currency is not required; on the contrary, there is an obvious demand for it. The importance of adequate provision which will insure to our future a money standard related as our money standard now is to that of our commercial rivals is generally recognized....
第 9 頁 - ... interests of the country, owe it not only to themselves, but to the people, to insist upon the settlement of this great question now, or else to face the alternative that it must be again submitted for arbitration at the polls. This is our plain duty to more than seven million voters who, fifteen months ago, won a great political battle on the issue, among others, that the United States government would not permit a doubt to exist anywhere concerning the stability and integrity of its currency,...
第 9 頁 - States government would not permit a doubt to exist anywhere concerning the stability and integrity of its currency, or the inviolability of its obligations of every kind. That is my interpretation of that victory. Whatever effort, therefore, is required to make the settlement of this vital question clear and conclusive for all time, we are bound in good conscience to undertake and, if possible, realize. That is our commission— our present charter from the people.
第 4 頁 - If they are put out in any other way, they may return again, to be followed by another bond issue to redeem them — another interest-bearing debt to redeem a non-interest-bearing debt. This recommendation was made in the belief that such provisions of law would insure to a greater degree the safety of the present standard, and better protect our currency from the dangers to which it is subjected from a disturbance in the general business conditions of the country. In my judgment the present condition...
第 5 頁 - ... to our future a money standard related as our money standard now is to that of our commercial rivals is generally recognized. The companion proposition that our domestic paper currency shall be kept safe and yet be so related to the needs of our industries and internal commerce as to be adequate and responsive to such needs is a proposition scarcely less important. The subject, in all its parts, is commended to the wise consideration of the Congress. The annexation of Hawaii and the changed relations...
第 8 頁 - This duty requires that our government shall regulate the value of its money by the highest standards of commercial honesty and national honor. The money of the United States is and must forever be unquestioned and unassailable. If doubts remain, they must be removed. If weak places are discovered, they must be strengthened. Nothing should ever tempt us— nothing ever will tempt us— to scale down the sacred debt of the nation through a legal technicality. Whatever may be the language of the contract,...
第 8 頁 - ... less value than the dollars accepted as the best in every enlightened nation of the earth. Under existing conditions our citizens cannot be excused if they do not redouble their efforts to secure such financial legislation as will place their honorable intentions beyond dispute. All those who represent, as you do, the great conservative but progressive business interests of the country, owe it not only to themselves, but to the people, to insist upon the settlement of this great question now,...