...public creditors" it is provided, etc., and the last sentence of this law reads as follows, viz: " And the United States also solemnly pledges its faith...earliest practicable period for the redemption of the United States notes in coin." This was primarily an assurance to the holders of the Government's...

...March 18, i8fc),3 Congress had passed an act which solemnly pledged the faith of the United States to make provision at the earliest practicable period for the redemption of the United States notes in coin. Inflation was urged upon Congress by the "debtor class,"4 — a class...

...interest-bearing obligations not already due shall be redeemed or paid before maturity unless at such time United States notes shall be convertible into coin...earliest practicable period for the redemption of the United States notes in coin. [Approved, March 18, 1869. 16 Statutes at Large, 1.] 1869-70, Chap....

...interest-bearing obligations not already due shall be redeemed or paid before maturity, unless at such time United States notes shall be convertible into coin...earliest practicable period, for the redemption of the United States notes in coin." It was approved by the President and became a law on the 19th of...

...convertible into coin at the option of the holder, or unless at such time bonds of the United Stales bearing a lower rate of interest than the bonds to...earliest practicable period for the redemption of the United States notes in coin. Act of July 12, 1 87O — An Act to pro-ride lor the redemption of...

...time bonds of tlie United States bearing a lo-ver rate of interest than the bonds to be redeemed c;m be sold at par in coin. And the United States also...earliest practicable period for the redemption of the United States notes in coin. .Act Of Jill)* 12, 187O — An Art to provide fortHe re«le nipt Ion...

...time bonds of the United States bearing a lower rate of interest than the bonds to be redeemed can bo sold at par in coin. And the United States also solemnly...earliest practicable period, for the redemption of the United States notes in coin." It was approved by the President and became a law on the 19th of...

...then go, and to which popular opinion would then consent, was the declaration that the "United States solemnly pledges its faith to make provision at the...earliest practicable period for the redemption of the United States notes, in coin." Many events must occur before the fulfillment of this promise could...

...the option of the holder. And the act further 'solemnly pledges the public faith to make provisions, at the earliest practicable period, for the redemption of United States notes in coin.' This is in exact harmony with the position I held when I wrote the letter to Dr. Mann and that I now...

...expressly provided for payment otherwise, and closed by further pledging the faith of the United States "to make provision at the earliest practicable period for the redemption of the United States notes in coin " (1869, ch. 1). 8. Nothing was done towards giving effect to this...