Word: bullion
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Dates: during 1890-1899
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...gold of class 4 includes the bullion in the treasury and is of two kinds (a) gold in the banks and among the people and (b) gold in the treasury, which may be drawn out by legal tender notes...
Question: "Resolved, That the Silver Bullion Act of 1890 was an unwise measure...
...unsatisfactory. - (a) No improvement on the Brand Act. - (b) Measure was simply a compromise and satisfied nobody. - (c) Currency should not be changed so often. - (d) Arguments for the bill unsound. - (1) To raise the price of silver. - (2) To inflate the currency. - (e) Unnecessary locking up of bullion: Nineteenth Cent...
...This act was a necessary compromise. - (a) House bill insisted on bullion redemption. Senate bill proposed free coinage: Nation June 19, 1890. - (c) This act reported by conference committee, supported by Sherman, Walker and other sound money...
Question: "Resolved, That the Silver Bullion Act of 1890 was an unwise measure...