Word: tenderable
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...debate was opened by Herbert Ure '96, of Princeton. He began by outlining briefly the legislation which has been passed concerning the legal tender notes. At the time of the Civil War Congress provided for the issue of notes which should be accepted as legal tender. It was later ordered that $100, 000,000 in gold should be kept as a reserve fund in the treasury to meet these notes...
Subject: "Resolved, That Congress should take immediate steps for the complete retirement of all legal tender notes...
Subject: "Resolved, That Congress should take immediate steps for the complete retirement of all legal tender notes...
...taken away her power to exercise this check. The discovery of the mines of Brazil still further reduced the value of gold in relation to silver, and facilitated the progress of England toward a predominant gold-circulation. In 1816 an act was passed making gold the sole legal tender for large payments...
...still, bimetallism might embrace the considertion of everything which relates to the cost and conditions of production of gold and silver; to their consumption and use; to the economic principles governing prices; to the legal regulations as to the export of precious metals, to coinage and seigniorage, to legal tender in payment of debt;- all these as far as they affect the relation of the two metals named in their use as money...