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翻訳と辞書　辞書検索 [ 開発暫定版 ] スポンサード リンク Funding Act of 1870 ： ウィキペディア英語版 Funding Act of 1870 The Funding Act of 1870 (41st Congress, Sess. 2, ch. 256, , enacted July 14, 1870) was an Act of Congress to re-fund the national debt. It allowed the exchange of high interest, short-term floating bonds bearing lower interest and terms of up to 30 years. Principal and interest of the new issues would be paid in "coin of the present standard value." == Legislative history == The bill was sponsored by Senator John Sherman (R) of Ohio. Debate over the funding bill was long and intense. The discussion focused very heavily on public virtue, national honesty, and avoiding "repudiation" on the one hand and unearned reward to speculators on the other. Members generally agreed that an investor should finally receive no more and no less than he lent on a contract at the beginning. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Funding Act of 1870」の詳細全文を読む スポンサード リンク 翻訳と辞書 : 翻訳のためのインターネットリソース Copyright(C) kotoba.ne.jp 1997-2016. All Rights Reserved.