Monetary Agreements with Panama |
From inside the book
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Page 25
... fund of $ 100,000 that was to be kept in the treasury intact . Mr. CROMWELL . The essence of this bill is to establish the gold dollar of the United States standard . The issue is limited to a conversion of the outstand- ing silver ...
... fund of $ 100,000 that was to be kept in the treasury intact . Mr. CROMWELL . The essence of this bill is to establish the gold dollar of the United States standard . The issue is limited to a conversion of the outstand- ing silver ...
Page 26
... fund . It is to give assurance to the world that we have enough , and more than enough . Our Philippine gold reserve is about $ 7,000,000 , with an 18,000,000 - peso issue . It must be admitted that the use by the United States of a ...
... fund . It is to give assurance to the world that we have enough , and more than enough . Our Philippine gold reserve is about $ 7,000,000 , with an 18,000,000 - peso issue . It must be admitted that the use by the United States of a ...
Page 27
... fund , specifically applied . Judge MAGOON . About this question of maintaining the parity ; as I understand it you ... funds to the amount necessary to insure this parity . That is the essence of our proposal . Now we put that in ...
... fund , specifically applied . Judge MAGOON . About this question of maintaining the parity ; as I understand it you ... funds to the amount necessary to insure this parity . That is the essence of our proposal . Now we put that in ...
Page 28
... fund set aside under the previous paragraph , and upon the funds of the Isthmian Canal Commission . The coin of the Republic shall be legal tender in the Canal Zone . The United States shall employ such silver coins in its disbursements ...
... fund set aside under the previous paragraph , and upon the funds of the Isthmian Canal Commission . The coin of the Republic shall be legal tender in the Canal Zone . The United States shall employ such silver coins in its disbursements ...
Page 29
... fund by deposit with a responsible banking institution in the United States of a sum in lawful currency of the United States equivalent to 15 per cent . of the nominal value of the silver fractional currency issued by the Re- public ...
... fund by deposit with a responsible banking institution in the United States of a sum in lawful currency of the United States equivalent to 15 per cent . of the nominal value of the silver fractional currency issued by the Re- public ...
Other editions - View all
Monetary Agreements With Panama: Hearings Before the Finance Committee of ... No preview available - 2015 |
Common terms and phrases
Admiral WALKER Ancon or Cristobal Appendix ARIAS arrangement ARTICLE authority Balboa banker or bankers banking Canal Zone Caribbean Sea CHAIRMAN circulation cities of Panama coinage Colombian silver committee construction convention CROMWELL deposit duties Executive order Executive power fiscal commissioner fractional silver gold coin gold dollar gold standard Government of Panama harbors hereby hereunder issued Isthmian Canal Commission Isthmus of Panama June 28 legal tender limits maintain the parity maintenance ment million modus vivendi necessary and convenient officer operation Panama and Colon Panama Canal Company Panama currency Panama grants Panama Railroad Company payment pesos ports of Panama President purpose rates Republic of Colombia Republic of Panama respect sanitation Secretary of War Secretary TAFT seigniorage Senator ALLISON Senator BAILEY Senator DANIEL Senator HALE Senator MONEY Senator SPOONER Senator TELLER silver coin territory thereof thereto tion treaty United States currency vessels
Popular passages
Page 23 - If it should become necessary at any time to employ armed forces for the safety or protection of the Canal, or of the ships that make use of the same, or the railways and auxiliary works, the United States shall have the right, at all times and in its discretion, to use its police and its land and naval forces or to establish fortifications for these purposes.
Page 21 - ... like gold coin, beginning nine years after the date aforesaid. The provisions of this Article shall be in addition to all other benefits assured to the Republic of Panama under this convention. But no delay or difference of opinion under this Article or any other provisions of this treaty shall affect or interrupt the full operation and effect of this convention in all other respects.
Page 19 - The Republic of Panama grants to the United States in perpetuity a monopoly for the construction , maintenance and operation of any system of communication by means of canal or railroad across its territory between the Caribbean Sea and the Pacific ocean.
Page 41 - ... the corporation described in and which executed the foregoing instrument; that he knows the seal of said corporation; that the seal affixed to said instrument is such corporate seal; that it was so affixed by order of the board of directors of said corporation, and that he signed his name thereto by like order.
Page 21 - The United States may import at any time into the said zone and auxiliary lands, free of custom duties, imposts, taxes, or other charges, and without any restrictions, any and all vessels, dredges, engines, cars, machinery, tools, explosives, materials, supplies, and other articles necessary and convenient in the construction, maintenance, operation, sanitation and protection of the Canal and auxiliary works, and all provisions, medicines, clothing, supplies and other things necessary and convenient...
Page 17 - SEC. 5. That the sum of ten million dollars is hereby appropriated, out of any money in the Treasury not otherwise appropriated, toward the project herein contemplated by either route so selected. And the President is hereby authorized to cause to be entered into such contract or contracts as may be deemed necessary for the proper excavation, construction, completion, and defense of said canal, harbors, and defenses, by the route finally determined upon under the provisions of this Act. Appropriations...
Page 19 - ... treaty or by reason of the operations of the United States, its agents or employees, or by reason of the construction, maintenance, operation, sanitation and protection of the said...
Page 21 - As the price or compensation for the rights, powers and privileges granted in this convention by the Republic of Panama to the United States, the Government of the United States agrees to pay to the Republic of Panama...
Page 41 - Martin, to me known and known to me to be the person described in and who executed...
Page 23 - The aforesaid rights and property shall be and are free and released from any present or reversionary interest in or claims of Panama and the title of the United States thereto upon consummation of the contemplated purchase by the United States from the New Panama Canal Company...