Permanent Distribution of National Production: Hearings Before ... , 74-2 on H.R. 9216 ... , April 27 and 28, 1936

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Page 121 - Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, DECLARATION OF POLICY SECTION 1 . It is hereby declared to be the policy of...
Page 6 - ... occurring prior to the expiration of the term for which his predecessor was appointed, shall be appointed for the remainder of such term.
Page 7 - ... clerks, and other employees as it may from time to time find necessary for the proper performance of its duties and as may be from time to time appropriated for by Congress.
Page 90 - Money is the creature of law and the creation of the original issue of money should be maintained as an exclusive monopoly of National Government.
Page 6 - July 28. 1933, shall be punished upon conviction thereof by a fine of not more than $100, or by imprisonment for not more than 3 months, or by both.
Page 6 - No person shall be eligible for appointment as a commissioner unless he is a citizen of the United States, and, in the judgment of the President, is possessed of qualifications requisite for developing expert knowledge of tariff problems and efficiency in administering the provisions of Part II of this title.
Page 90 - The monetary needs of increasing numbers of people advancing toward higher standards of living can and should be met by the Government. Such needs can be served by the issue of national currency and credit through the operation of a national banking system. The circulation of a medium of exchange issued and backed by the Government can be properly regulated and redundancy of issue avoided by withdrawing from circulation such amounts as may be necessary by taxation, redeposit and otherwise.
Page 90 - ... the issue of currency must be developed, and some means other than that of convertibility into coin must be developed to prevent undue fluctuations in the value of paper currency or any other substitute for money of intrinsic value that may come into use.
Page 25 - Without objection it will be incorporated in the record. (The statement referred to is as follows:) COMMENTARY ON HR 9216, NATIONAL INCOME AND CREDIT ISSUE ACT (Submitted by Allan R.
Page 10 - Act, or any rule, regulation, restriction, or condition made or imposed by any international radio or wire communications treaty or convention, or regulations annexed thereto, to which the United States is or may hereafter become a party, shall, in addition to any other penalties provided by law, be punished, upon conviction thereof, by a fine of not more than $500 for each and every day during which such offense occurs.

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