Monetary Agreements with Panama |
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Page 5
... silver coin to secure a higher price . It therefore seemed to me of the utmost importance to avoid a danger of that kind . Later on the new French Panama Canal Commission did succeed , by agreements with bankers on the Isthmus , in ...
... silver coin to secure a higher price . It therefore seemed to me of the utmost importance to avoid a danger of that kind . Later on the new French Panama Canal Commission did succeed , by agreements with bankers on the Isthmus , in ...
Page 10
... coin- age , and that there would be no change from the ratio mentioned in the agreement of 900 to 1,000 - I think that is the ratio , as I recollect it - of the purity of the silver . The new coins , as I have said , were issued in ...
... coin- age , and that there would be no change from the ratio mentioned in the agreement of 900 to 1,000 - I think that is the ratio , as I recollect it - of the purity of the silver . The new coins , as I have said , were issued in ...
Page 11
... silver to enable us to make these very large payments - I say very large ; very large for a country like that , which does very little business of its own - in order that the price of the coin which we wished to use should not increase ...
... silver to enable us to make these very large payments - I say very large ; very large for a country like that , which does very little business of its own - in order that the price of the coin which we wished to use should not increase ...
Page 12
... silver left immedi- ately for Jamaica and the Barbados and other places ? Secretary TAFT . It is possible . At any ... coin exactly equivalent to our gold coin , the dollar , called there a " balboa , " from the discoverer of the Pacific ...
... silver left immedi- ately for Jamaica and the Barbados and other places ? Secretary TAFT . It is possible . At any ... coin exactly equivalent to our gold coin , the dollar , called there a " balboa , " from the discoverer of the Pacific ...
Page 13
... silver coinage of that country was overvalued . The appreciation of the ... coin and the legal value which it was hoped to maintain was as 42 cents to ... silver . Senator BAILEY . The truth of it is that under the present coinage value ...
... silver coinage of that country was overvalued . The appreciation of the ... coin and the legal value which it was hoped to maintain was as 42 cents to ... silver . Senator BAILEY . The truth of it is that under the present coinage value ...
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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...