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McKinley Gold Bond Reform Plan Outlined
The New Time reports Secretary Gage's monetary reform plan to retire current bonds and issue 1.2 billion dollars in 2 1/4 percent gold bonds. The plan would exchange high-yield notes for gold bonds, finance a gold treasury, and authorize national banks to issue non legal tender notes backed by gold deposits. England’s officials are said to be astonished by the plan.
MENTIONED IN THIS ARTICLE
McKinley
Secretary of the Treasury
Gage
Congress
Greenbacks
Sherman Treasury
Bank of England
Rothschilds
Twe
France
England
India
Wolcott
Stalling
Fredrick A. Adams