...regulations as ho may prescribe, redeem such notes In gold or sliver coin, at his discretion, It being tho established policy of the United States to maintain the two metals on a parity with each other upon tho present legal ratio, or such ratio as may be provided by law. Sec. 3. That the Secretary of nie...

...with existing laws, in particular with a section of the Act of July 14, 1890, decreeing it to be " the established policy of the United States to maintain...legal ratio, or such ratio as may be provided by law," the measure proposed might fairly be designated : "A bill to grant the demand of the fiercest advocate...

...in the Senate appears to us to ignore three important facts : First, that in 1890 Congress declared that it is " the established policy of the United States to maintain the two metals at a parity with each other." Ought not the Nation, in exercising its option to pay gold or silver,...

...coin, at his discretion, it being the established policy of the United States to maintain the two metaU on a parity with each other upon the present legal ratio, or such ratio aa may be provided by law. he act of July 14, 1890 (20 Statutes, 289), provides that balances standing...

...prescribe, redeem such notes in gold or silver coin, at his discretion, it being the established polity of the United States to maintain the two metals on a parity with each other. ' ' But while the Government does not specifically redeem either silver dollars or silver certificates...

...promise is behind it. The statute of 1890 declares only the "established policy" of the Government "to maintain the two metals on a parity with each...legal ratio, or such ratio as may be provided by law," nothing more. So long as the Government can and will exchange gold for silver on the present ratio,...

...be redeemable by the secretary of the Treasury " in gold or silver coin, at his discretion, it being the established policy of the United States to maintain...legal ratio, or such ratio as may be provided by law." Two million ounces per month are to be coined into standard dollars until July I, 1891, and after that...

...1890, and subject to disposal by the Treasury, $14,321,841. The act of 14th' July, 1890, declared it be "the established policy of the United States to maintain...legal ratio, or such ratio as may be provided by law." The act of 1st November, 1893, declared it "to be the policy of 6 the United States to continue the...

...Secretary of the Treasury may redeem the notes in gold or silver coin at his discretion, " it being the established policy of the United States, to maintain...present legal ratio, or such ratio as may be provided bylaw." Two million ounces of the silver purchased are to be coined monthly until July 1, 1891, after...

...15.988-)- to 1, or to $1.2!)-}- in gold per ounce fine. Unless this occurs, the declaration in the act that it is the established policy of the United States...on a parity with each other upon the present legal or any other legal ratio, will be nugatory. If the demand for silver is sufficient to make its market...