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Topic: Bland Allison Act


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In the News (Mon 28 May 12)

  
  U.S. Senate: Art & History Home > Paintings > William Allison
Soon after William Allison’s death, the Senate passed a resolution authorizing the Joint Committee on the Library to memorialize their former colleague.
Allison weakened Bland's bill, which provided for free and unlimited coinage of silver, to one that allowed specific limited coinage.
Allison declined cabinet posts in the administrations of Presidents Garfield, Harrison, and McKinley, preferring to exert national leadership from the Senate.
www.senate.gov /artandhistory/art/artifact/Painting_32_00004.htm   (471 words)

  
  Search Results for "Bland"
...Sherman Silver Purchase Act, 1890, passed by the U.S. Congress to supplant the Bland-Allison Act of 1878.
Treatment is with a bland diet and drugs that will decrease the activity of the intestines, as well...
Haley abruptly ended the ascendancy of the bland and sentimental ballads popular in the 1940s and early 50s.
www.bartleby.com /cgi-bin/texis/webinator/sitesearch?FILTER=col65&query=Bland   (277 words)

  
 Money - MSN Encarta
This agitation led to the passage of the Bland-Allison Act in 1878 and the Sherman Silver Purchase Act of 1890, under which the Treasury was directed to purchase larger amounts of silver for coinage.
The Sherman Silver Act, which introduced into the stream of currency an enormous quantity of overvalued silver and caused a drastic decline in the gold reserve of the Treasury, helped bring on the panic of 1893 and was repealed by Congress in that year.
The act gave the president authority to lower the weight of the gold dollar to between 50 and 60 percent of its former gold content.
encarta.msn.com /encyclopedia_761556418_2/Money.html   (1665 words)

  
 Acts and Legislation
Act of Parliament granting freedom of worship to non-conformists.
A series of four acts passed by the British Parliament in an effort to declare its right of colonial authority through suspension of a representative assembly and through strict collection of revenue duties.
The original bill proposed by Representative Bland and supported by the western states suggested the unlimited coinage of silver, but it did not pass the Senate.
www.angelfire.com /tx/sandersonAP/Acts.html   (1441 words)

  
 The Brand-Allison Act
The Bland-Allison Act called for the treasury to purchase between two and four million dollars of silver monthly to be converted into dollars.
It was sponsored by Democratic Representative Richard Bland and Republican Senator William Allison.
The goal of the act was to inflate the US currency and thus help the farmers.
www.multied.com /Industrialage/Brand-AllisonAct.html   (101 words)

  
 Featured Article - Jefferson Coin and Bullion, Inc. - The Leader in Wealth Enhancement Through Precious Metals and Rare ...
The coinage act decreed that only the silver dollar would henceforth be produced in exchange for silver bullion from depositors (up to then, depositors could have brought silver bullion to the Mint and opted to have it struck into smaller silver coins).
Not everyone was enamored with the Bland-Allison Act; it drew a prompt veto from Rutherford B. Hayes, the occupant of the White House at the time.
Millions more were melted under the terms of the Silver Act of 1942 – and following the melts, collectors discovered that certain dates once regarded as common were far more elusive than their mintages would suggest.
www.jeffersoncb.com /article29.shtml   (2389 words)

  
 Jul 1, 2006 The Story Behind The Story Douglas V. Gnazzo 321gold
The Bland-Allison Act, as it came to be known, was passed by Congress on February 28, 1878.
A close inspection of the Coinage Act of 1873 reveals that someone went to great lengths of subtlety to cover their butt regarding the legality and constitutionality of the act.
The Coinage Act of 1878, also known as the Brand-Allison Act, authorized Congress to restore the coinage of the standard silver dollar of the weight of 371.25 grains of silver, and to make it legal tender, as stated in the Act of 1837.
www.321gold.com /editorials/gnazzo/gnazzo070106.html   (3196 words)

  
 Morgan Mint - Coin Histories
To understand why an Act of Congress could be met with such acrimony as to be called a crime by a large segment of the population, it is necessary to understand the economic climate of the United States at the time.
The Free Silver Movement's first major achievement was the Bland-Allison Act of 1878, which resulted in the re-emergence of the silver dollar in the form of the Morgan.
The Coinage Act of 1965 was designed to reduce or eliminate the amount of silver in American coins.
www.morganmint.com /04_c_hist.html   (796 words)

  
 The Key Factors to Free Silver Movement   (Site not responding. Last check: 2007-09-28)
Because the price of silver had increased after the passage of the Coinage Act of 1873, coupled with a massive economic depression and the supporters of silver growing rapidly, Congress felt pressure to restore the unlimited coinage of silver.
The Bland-Allison Act of 1878 was such a Congressional Act that was to aid the silver producers and farmers who were demanding the return of silver.
Following the repeal of the Act, there was a brief period of expansion but it was one of the weakest periods of expansion in United States history.
mason.gmu.edu /~dbill/page2.html   (461 words)

  
 AllRefer.com - Richard Parks Bland (U.S. History, Biography) - Encyclopedia
A champion of Western interests and particularly of the free coinage of silver, he was the author of the original bill that, after major modifications by William B. Allison, became the Bland-Allison Act of 1878.
Bland was not satisfied with this or the succeeding compromise, the Sherman Silver Purchase Act of 1890.
He was a leader of the Western radicals who took over the Democratic national convention at Chicago in 1896, and was a leading candidate for the presidential nomination on the first three ballots.
reference.allrefer.com /encyclopedia/B/Bland-Ri.html   (286 words)

  
 Bland-Allison Act. The Columbia Encyclopedia, Sixth Edition. 2001-05
The act as adopted required the U.S. Treasury to purchase between $2 million and $4 million worth of silver bullion each month at market prices; this was to be coined into silver dollars, which were made legal tender for all debts.
Attempts of the free-silver forces to replace the act with provision for unlimited coinage were defeated, as were attempts of the gold-standard forces to repeal it altogether.
It remained law until replaced by the Sherman Silver Purchase Act of 1890.
www.bartleby.com /65/bl/BlandAll.html   (210 words)

  
 Definition of Bland-Allison Act
The Bland-Allison Act of 1878 was a response to the Crime of '73 demonetizing silver.
Representative Richard P. Silver Dick Bland of Missouri introduced this bill for the free coinage of silver at ratio of 16:1 to gold.
Senator William Allison of Iowa added a provision that limited the amount purchased by the U.S. Treasury to between 2 and 4 million dollars worth of bullion per month at market prices which was coined into silver dollars.
www.wordiq.com /definition/Bland-Allison_Act   (197 words)

  
 Financial Sense "Gold & Silver: The Story Behind The Story" by Douglas V. Gnazzo 07/02/2006
Recall from the Coinage Act of 1792 that a dollar is a specific weight of silver, which means that although there was now a gold coin of the value of one dollar – the dollar was still a specific weight of silver – the silver dollar.
In the Coinage Act of 1873, Congress for the very first time stated that gold coins of the “one dollar piece”, which contained 23-22/100 grains of fine metal – “shall be the unit of value.
According to the Coinage Act of 1878, the government held title to the silver, and had paid for it with the issuance of government debt or notes – which means that We The People were indebted and obliged to pay the tab.
www.financialsense.com /fsu/editorials/gnazzo/2006/0702.html   (3476 words)

  
 Highbeam Encyclopedia - Search Results for Bland
The original bill offered by Representative Richard P. Bland incorporated the demands of the Western radicals for free and unlimited coinage of silver.
Allison, William Boyd 1829-1908, U.S. Senator from Iowa (1873-1908), b.
BLAND'S THE MAN WITH THE PLAN IN FIGHT TO BOOST BT; EXCLUSIVE CITY INTERVIEW.
www.encyclopedia.com /SearchResults.aspx?Q=Bland   (733 words)

  
 A.P.E. - Major Events with Rutherford Hayes   (Site not responding. Last check: 2007-09-28)
The Bland-Allison Act replaced the 1873 bill which discontinued the coinage of silver.
The act required the Federal Government to buy from two to four billion dollars of silver every month and mint it at a ratio of 16 silver to 1 gold.
The "Gold bugs" protested saying that this would destroy the nation's economy, and President Hayes vetoed the bill, but the silverites were able to find the two thirds majority necessary to override his veto.
library.thinkquest.org /11492/cgi-bin/pres.cgi/hayes_rutherford?events   (245 words)

  
 The bland allison act   (Site not responding. Last check: 2007-09-28)
The Bland-Allison Act of 1878 was a response to the Crime of 73 demonetizing silver Representative Richard P Silver Dick Bland of Missouri introduced this...
The Bland-Allison Act was modified by the Sherman Silver Purchase Act of 1890.
The Bland-Allison Act did not have the effect that the farmers and poor laborers wanted, primarily because the Treasury did not mint the maximum and the...
858.fznr.info   (1140 words)

  
 GovMint.com - The U.S. Treasury Hoard
The Bland-Allison Act directed the mints to strike silver dollars using silver from the famous Comstock Lode, but by 1893 there was little demand for silver dollars.
In 1918, Congress passed the Pittman Act to replenish the government's reserves of silver bullion by melting millions of Morgan Silver Dollars in the Treasury vaults.
The Pittman Act also required the government to purchase more silver to replace the melted coins, so the Morgan Silver Dollar was briefly revived in 1921.
www.govmint.com /knowledgebase/USTreasuryHoard.aspx   (1018 words)

  
 Informme.net United States Presidents   (Site not responding. Last check: 2007-09-28)
The Bland-Allison Act of 1878 required the treasury to buy $2 million of silver for coinage each month.
Advocates of free coinage forced a compromise bill, the Sherman Silver Purchase Act (1890), which required the government to buy more silver but limited coinage.
Although the public supported increased tariffs at the time of the election, the effect of the McKinley Act (1890) was to contribute to inflationary prices for necessities, and protectionist tariffs ultimately became unpopular.
www.informme.net /facts/president/23_1.html   (581 words)

  
 Columbia Encyclopedia- free silver - AOL Research & Learn
The act provided for definitely limited coinage at a ratio of 16 to 1 with gold, but its provisions were insufficient to halt the decline of silver prices, or to increase the circulation of money.
By 1890 the political strength of the silver advocates, especially in the West, was so great that the Sherman Silver Purchase Act, another compromise, was passed, to replace the Bland-Allison Act and to provide for increased government purchases of silver.
The West's discontent was further emphasized by the rise of the Populist party, with demands including free silver.
reference.aol.com /columbia/_a/free-silver/20051206020309990011   (623 words)

  
 Grover Cleveland and Sound Currency [Mackinac Center for Public Policy]
In 1875, Congress passed the Specie Resumption Act, declaring it the policy of the government to redeem the Civil War greenbacks at par in gold on Jan. 1, 1879.
The Sherman Act, passed under President Benjamin Harrison, who served a single term between the two Cleveland terms, forced the Treasury to buy 4.5 million ounces of silver per month, or roughly twice the amount the Treasury had been purchasing under the previous law.
The Gold Standard Act of 1900 essentially solidified a stable gold standard and before he died in 1908, Cleveland achieved a remarkable degree of popular appreciation for his staunch defense of sound money.
www.mackinac.org /8083   (4926 words)

  
 Certified Morgan Dollars from Kelley's Coins
At that time, mines in the western U.S. territories such as Nevada were producing very large quantities of silver and authorization for a new silver dollar by the mining lobby was sought so as to stabilize or support silver prices.
These lobbying efforts proved successful and the government passed the Bland-Allison Act in early 1878 which required the U.S. Mint to purchase millions of ounces of silver bullion every month to be made into dollar coins.
The Pittman Act of 1918 provided that silver dollars be melted and converted to silver bars for export.
www.american-silver-coins.com /coins/morgans.asp   (438 words)

  
 Notecards 901-950
Also called the General Allotment Act, it tried to dissolve Indian tribes by redistributing the land.
The introduction of large quantities of overvalued silver into the ecomony lead to a run on the ferderal gold reserves, leading to the Panic of 1893.
Use of two metals, gold and silver, for currency as America did with the Bland-Allison Act and the Sherman Silver Purchase Act.
www.apstudent.com /ushistory/cards/cards19.html   (1400 words)

  
 Bland-Allison Act
A further conservative victory was achieved in 1875 in the passage of the Specie Resumption Act, which was designed to make all currency in circulation, including the greenbacks, backed by gold.
In particular, requests were made for the reinstatement of silver as legal tender, a move anticipated to have an inflationary impact.
Richards P. Bland, a Congressman from Missouri, was able to gain passage of a bill that provided for liberal coinage of silver.
www.u-s-history.com /pages/h718.html   (664 words)

  
 Bland Allison Act   (Site not responding. Last check: 2007-09-28)
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bland-allison-act.bestadult06.org   (752 words)

  
 Sherman Silver Purchase Act - HighBeam Encyclopedia
The Sherman Silver Purchase Act (supported by John Sherman only as a compromise with the advocates of free silver) threatened, when put into operation, to undermine the U.S. Treasury's gold reserves.
Delineating the preemptive reach of Section 85 of the National Bank Act of 1864 and Section 521 of the Depository Institutions Deregulation and Monetary Control Act of 1980.
Who's isolating whom?: Title III of the Helms-Burton Act and compliance with international law.
www.encyclopedia.com /doc/1E1-ShermanSPA.html   (414 words)

  
 The Morgan Silver Dollard   (Site not responding. Last check: 2007-09-28)
The standard silver dollar in the United States had been eliminated with the Coinage Act of 1873, although a Trade dollar intended for circulation outside of the United States was approved.
These silver barons successfully lobbied for new legislation to permit a new coinage of silver dollars, even though silver dollars did not circulate well and thus were unnecessary in commerce.
A compromise bill, introduced by Richard Bland in the House and William Allison in the Senate, passed under this heavy lobbying effort.
www.uscoinage.com /coinage/morgan.html   (387 words)

  
 The Silver Panic   (Site not responding. Last check: 2007-09-28)
The Sherman Act stipulated that the Treasury had to purchase 4.5 million ounces of silver per month, or roughly twice the amount the Treasury had been purchasing under Bland-Allison.
In accordance with inexorable economic law, the Bland-Allison and Sherman Acts caused a drain of gold from the Treasury and an inflow of silver.
The threat to the de facto gold standard was a factor which no doubt complicated things, heightened uncertainty, determined the timing of the panic, and exacerbated the depression, but the chief responsibility for the crisis rested with the attempted force-feeding of the nation's money supply by government policy.
www.libertyhaven.com /theoreticalorphilosophicalissues/protectionismpopulismandinterventionism/silverpanic.html   (4665 words)

  
 History of US Silver Dollars - The Binion Collection
To understand why an Act in Congress could be hated to the extent it would be called a crime by a large segment of the population, it is necessary to understand the economic climate of the United States at the time.
The Free Silver Movement's first major achievement was the Bland-Allison Act of 1878, which resulted in the re-emergence of the silver dollar in the Morgan type.
The Coinage Act of 1965 was designed to reduce or eliminate the amount of silver in American coins.
www.binioncollection.com /SilverDollars.htm   (890 words)

  
 ShopNBC.com - Silver Morgan Dollar Madness   (Site not responding. Last check: 2007-09-28)
Resumption of coinage of the silver dollar was authorized by the act of February 28,1878, known as the Bland-Allison act.
The weight (412 1/2 grains) and fineness (.900) were to conform to the act of January 18, 1837.
Under provisions of the Pittman act of 1918, 270,232,722 silver dollars were melted, and later in 1921, coinage of the silver dollar was resumed.
www.shopnbc.com /product/?familyid=V32132   (307 words)

  
 History of the Morgan Dollar
Dollars were coined on and off until the Coinage Act of 1873 eliminated the dollar and put in its place a slightly larger dollar called the Trade Dollar.
Embracing this cause in the mid-1870’s was Representative Richard P. (“Silver Dick”) Bland of Missouri.
Incredibility, with this supply, The Bland-Allison act was modified by the Sherman Silver Purchase Act which mandated the US Government purchase 4.5 million ounces of silver per month.
www.coin-articles.com /Article/History-of-the-Morgan-Dollar/43   (1392 words)

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