Silver Purchases Under Pittman Act, Correspondence Between Senator Pittman, Vice Chair of ... and Treasury Department, Relative to Administration and Expiration of Pittman Act |
From inside the book
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Page 2
... average monthly tenders during the period of the operation of the Pittman Act , from January 17 , 1920 , to March , 1923 , were 4,768,843 ounces . The average monthly tenders since that time have been over 10,000,000 ounces . ( Addenda ...
... average monthly tenders during the period of the operation of the Pittman Act , from January 17 , 1920 , to March , 1923 , were 4,768,843 ounces . The average monthly tenders since that time have been over 10,000,000 ounces . ( Addenda ...
Page 3
... average loss of 5 per cent in treating such ore , and that there would only remain after such treatment 95 per cent of the silver so purchased . ( Addenda , pp . 10 , 11 , 11 , 12 , 13 ; Tr . pp . 56 , 57 , 57 , 57 , 58 , 59 , 59 , 60 ...
... average loss of 5 per cent in treating such ore , and that there would only remain after such treatment 95 per cent of the silver so purchased . ( Addenda , pp . 10 , 11 , 11 , 12 , 13 ; Tr . pp . 56 , 57 , 57 , 57 , 58 , 59 , 59 , 60 ...
Page 4
... average deduction of 5 per cent . Yet such company did not find it necessary to increase the treatment charges be- tween January 17 , 1920 , and January 1 , 1921 , when , according to Mr. Brownell's testimony , it was selling such gains ...
... average deduction of 5 per cent . Yet such company did not find it necessary to increase the treatment charges be- tween January 17 , 1920 , and January 1 , 1921 , when , according to Mr. Brownell's testimony , it was selling such gains ...
Page 7
... average of 5 per cent estimated loss , so as to be on the safe side . They did fix and use this arbitrary fixed average in purchasing ore from the miners . Would the Government be safe in accepting any lower estimates in buying ore from ...
... average of 5 per cent estimated loss , so as to be on the safe side . They did fix and use this arbitrary fixed average in purchasing ore from the miners . Would the Government be safe in accepting any lower estimates in buying ore from ...
Page 9
... average of actual purchases received by Monthly average of tenders of silver to mint . mint . 1913 . 1914 . 1915 . 1916 . 1917 . 1918 . 1919 . 1920 . 1921 . 1922 . 1923 . 66,801,500 72 , 455 , 100 74,961,075 74,414 , 802 71,740 , 362 ...
... average of actual purchases received by Monthly average of tenders of silver to mint . mint . 1913 . 1914 . 1915 . 1916 . 1917 . 1918 . 1919 . 1920 . 1921 . 1922 . 1923 . 66,801,500 72 , 455 , 100 74,961,075 74,414 , 802 71,740 , 362 ...
Common terms and phrases
$1 an ounce $1 per ounce affidavits Alaska allocations American Smelting amount of silver April 23 Arizona assay office average base bullion British BROWNELL California Carolina Chairman Colorado Commission of Gold Comptroller Copper countries cyanided December Director Dry and siliceous Dry or siliceous foreign silver FRANTZ GILBERT gold and silver Government Idaho ingots January June KELLEY KEY PITTMAN Lead melted metallurgical losses metals Mexico miners Mining mints Miss O'REILLY Montana Nevada November October old tailings Oregon ounces of silver Philadelphia Philadelphia Mint Philippine Islands Pittman Act Pittman silver plant Pound price of silver Quantity recoinage reduction Secretary Senator PITTMAN Short tons siliceous silver bullion silver coinage Silver Inquiry silver mills silver produced slag smelter Smelting & Refining South Dakota standard silver dollars statement subsidiary coinage subsidiary silver Summit Valley tenders Texas tion Tonopah Total gold Treasury Department U. S. Geological Survey United United States mint Utah Washington Wyoming zinc
Popular passages
Page 49 - ... its business in order that it may thereafter maintain its organization and management and conduct its business in accordance with law. If such association fails to comply with the recommendations of the Federal Trade Commission, said commission shall refer its findings and recommendations to the Attorney General of the United States for such action thereon as he may deem proper.
Page 192 - An Act to punish acts of interference with the foreign relations, the neutrality, and the foreign commerce of the United States, to punish espionage, and better to enforce the criminal laws of the United States, and for other purposes...
Page 258 - So, without objection, we will put this letter in the record at this point. (The letter referred to is as follows :) AUGUST 8, 1963.
Page 60 - Mr. Chairman and members of the committee, there is very little that I can add to what has already been said.
Page 177 - An Act To conserve the gold supply of the United States ; to permit the settlement in silver of trade balances adverse to the United States ; to provide silver for subsidiary coinage and for commercial use ; to assist foreign governments at war with the enemies of the United States ; and for the above purposes to stabilize the price and encourage the production of silver.
Page 25 - That upon every such sale of bullion from time to time the Secretary of the Treasury shall immediately direct the Director of the Mint to purchase in the United States, of the product of mines situated in the United States and of reduction works so located, an amount of silver equal to...
Page 263 - Each Federal Reserve Bank shall keep a record copy of each application filed with it under the provisions of this reg*ulation and shall forward the original application and a duplicate to the Federal Reserve Board at Washington, together with such information or suggestions as it may believe proper in the circumstances, and shall in addition make a formal recommendation as to whether or not, in its opinion, the exportation should be permitted. The Federal Reserve Board, subject to the approval of...
Page 49 - United States or elsewhere has entered into any agreement, understanding, or conspiracy, or done any act which artificially or intentionally enhances or depresses prices within the United States of commodities of the class exported by such association, or which substantially lessens competition within the United States or otherwise restrains trade therein...
Page 263 - ... 2. Each Federal Reserve Bank shall keep a record copy of each application filed with it under the provisions of this regulation and shall forward the original application and a duplicate to the Federal Reserve Board at Washington together with such information or suggestions as it may believe proper...
Page 1 - Act may be made for the purpose of conserving the existing stock of gold in the United States, of facilitating the settlement in silver of trade balances adverse to the United States, of providing silver for subsidiary coinage and for commercial use, and of assisting foreign governments at war with the enemies of the United States.