Bland-Allison Act

American  

[bland-al-uh-suhn] / ˈblændˈæl ə sən /

noun

U.S. History.

1. an act of Congress (1878) requiring the federal government to purchase at the market price from two to four million dollars' worth of silver monthly for conversion into silver dollars containing 16 times more silver per coin than gold in dollar coins of gold.

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Example Sentences

Since the Bland-Allison Act of 1878, more than 770,000,000 silver dollars*; have been minted.

From Time Magazine Archive

Bland, was converted into the limited Bland-Allison Act.

From The New Nation by Dodd, William E.

The Bland-Allison Act was in operation from 1878 to 1890, during which time $2,000,000 in silver were coined per month, the minimum amount authorized by law.

From American Eloquence, Volume 4 Studies In American Political History (1897) by Johnston, Alexander

One of the most famous and best remembered of his messages is that vetoing the Bland-Allison Act, which restored the legal-tender quality to the silver dollar and provided for its limited coinage.

From A Compilation of the Messages and Papers of the Presidents Volume 7, part 1: Ulysses S. Grant by Richardson, James D. (James Daniel)

That the financial policy we have pursued since 1878, the year of the Bland-Allison Act, has been absurd and ruinous hardly admits of two opinions.

From The Arena Volume 18, No. 93, August, 1897 by Various