On the record
The reason for this is made all the more apparent when the Government issues an interest-bearing debt to provide gold for the redemption of United States notes--a non-interest-bearing debt.
Source
gutenberg.orgWilliam McKinley: “The reason for this is made all the more apparent when the Government issues an interest-bearing debt to provide gold…”
Editor's note · Context
McKinley highlights the contradiction of issuing interest-bearing debt to redeem non-interest-bearing debt.
Share
More from William McKinley
Mar 25, 1901
It is hereby ordered that the unsurveyed portion of Eliza Island and Billingham Bay in section five (5), township thirty-six (36) north, range two (2) East Willamette meridian, Washington be, and it is hereby reserved for light-house…
Mar 29, 1901
It is hereby ordered that the hereinafter described tracts of land in the District of Alaska be, and they are hereby reserved and set apart for Reindeer stations, subject to any legal existing rights to any land in the limits of the…
Apr 15, 1901
Now, therefore, I, William McKinley, President of the United States, by virtue of the power in me vested, do hereby declare and make known that the Executive Orders dated December 27, 1875, and December 29, 1891, are so far modified as to…
Other voices in this conversation
