Sponsor: REED, Thomas Brackett (R-ME)
Description: TO AMEND H. R. 8705, BY PROVIDING FOR ISSUANCE OF 3% BONDS SUFFICIENT TO PROVIDE REDEMPTION OF SPECIE PAYMENTS AND AUTHORIZING SECRETARY TO SELL AT NOT LESS THAN PAR CERTIFICATE INDEBTEDNESS IN $25.00, $50.00 AND $100.00 DENOMINATIONS. ORIGINAL BILL PROVIDES FOR PROCURING AND MAINTAINING SUFFICIENT GOLD RESERVE TO REDEEM UNITED STATES TREASURY NOTES, SECRETARY OF THE TREASURY TO BE AUTHORIZED TO ISSUE AND SELL AT PAR UNITED STATES BONDS IN $20.00, $50.00 AND MULTIPLE SUMS PAYABLE AFTER FIFTY YEARS @3% INTEREST; THAT REDEEMED TREASURY NOTES SHALL BE CANCELLED, ETC.
Original source documents: Congressional Record vol. 27-3, p. 1924; House Journal vol. 53-3, p. 111;