Modern Economic Problems - Economics Volume II by Frank Albert Fetter
page 69 of 580 (11%)
page 69 of 580 (11%)
![]() | ![]() |
|
|
1. Gold coins | Unlimited. | Unlimited. |For all
2. Silver dollar |Ceased in 1905 | Unlimited. |For all 3. Silver, | Needs of the | $10 |$10 subsidiary | people | | 4. Nickel (5 cts.) | Do. | 25 cts. |25 cts. 5. Copper (1 ct.) | Do. | 25 cts. |25 cts. | \ | _Paper_ | | | 6. Gold certificates|Unlimited in ex-| No |For all |change for gold | | 7. Silver |In exchange for | No |For all certificates | silver $ | | 8. US notes | No new issues. |Unlimited. |Except customs 9. Treasury notes | No new issues. |Unlimited |For all of 1890 | | | 10. National bank |Capital of banks|No |Except customs notes. | | | 11. Federal reserve |Per cent. of |At banks of |For all notes. | gold reserves |reserve system | ---------------------------------------------------------------------- Metal |Exchangeable at |Redeemable at |In circulation |treasury for | treasury in |Oct 1, 1915 1. Gold coins |Gold certificates| |616,000,000 |U.S., Treas., or | | |Fed, res. notes | | 2. Silver dollar |Silver | |65,000,000 |certificates | | 3. Silver, |Minor coins |Lawful money[a]| subsidiary | |in sums or mul-|162,000,000 | |tiples of $20 | |
|


