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JOINT RESOLUTION TO SUSPEND THE GOLD STANDARD

AND ABROGATE THE GOLD CLAUSE


JUNE 5, 1933 H.J.Res. 192, 73
rd
Cong., 1
st
Sess.
Joint resolution to assure uniform alue to t!e "oins and "urren"ies of t!e United
States. #!ereas t!e !olding of or dealing in gold affe"t t!e $u%li" interest, and t!erefore
su%&e"t to $ro$er regulation and restri"tion' and
#!ereas t!e e(isting emergen") !as dis"losed t!at $roisions of o%ligations *!i"! $ur$ort
to gie t!e o%ligee a rig!t to re+uire $a)ment in gold or a $arti"ular ,ind of "oin or
"urren") of t!e United States, or in an amount of mone) of t!e United States measured
t!ere%), o%stru"t t!e $o*er of t!e Congress to regulate t!e alue of mone) of t!e United
States, and are in"onsistent *it! t!e de"lared $oli") of t!e Congress to maintain at all
times t!e e+ual $o*er of eer) dollar, "oined or issued %) t!e United States, in t!e mar,ets
and in t!e $a)ment of de%ts. No*, t!erefore, %e it Resoled %) t!e Senate and House of
Re$resentaties of t!e United States of -meri"a in Congress assem%led, .!at /a0 eer)
$roision "ontained in or made *it! res$e"t to an) o%ligation *!i"! $ur$orts to gie t!e
o%ligee a rig!t to re+uire $a)ment in gold or a $arti"ular ,ind of "oin or "urren"), or in an
amount in mone) of t!e United States measured t!ere%), is de"lared to %e against $u%li"
$oli")' and no su"! $roision s!all %e "ontained in or made *it! res$e"t to an) o%ligation
!ereafter in"urred. Eer) o%ligation, !eretofore or !ereafter in"urred, *!et!er or not an)
su"! $roisions is "ontained t!erein or made *it! res$e"t t!ereto, s!all %e dis"!arged u$on
$a)ment, dollar for dollar, in an) su"! "oin or "urren") *!i"! at t!e time of $a)ment is
legal tender for $u%li" and $riate de%ts. -n) su"! $roision "ontained in an) la*
aut!ori1ing o%ligations to %e issued %) or under t!e aut!orit) of t!e United States, is
!ere%) re$ealed, %ut t!e re$eal of an) su"! $roision s!all not inalidate an) ot!er
$roision or aut!orit) "ontained in su"! la*.
/%0 -s used in t!is resolution, t!e term 2o%ligation3 means an) o%ligation /in"luding eer)
o%ligation of and to t!e United States, e("e$ting "urren")0 $a)a%le in mone) of t!e United
States' and t!e term 2"oin or "urren")3 means "oin or "urren") of t!e United States,
in"luding 4ederal Resere notes and "ir"ulating notes of 4ederal Resere %an,s and
national %an,ing asso"iations.
SEC. 2. .!e last senten"e of $aragra$! /10 of su%se"tion /%0 of se"tion 53 of t!e -"t
entitled 2-n -"t to reliee t!e e(isting national e"onomi" emergen") %) in"reasing
agri"ultural $ur"!asing $o*er, to raise reenue for e(traordinar) e($enses in"urred %)
reason of su"! emergen"), to $roide emergen") relief *it! res$e"t to agri"ultural
inde%tedness, to $roide for t!e orderl) li+uidation of &oint6sto", land %an,s, and for ot!er
$ur$oses,3 a$$roed 7a) 12, 1933, is amended to read as follo*s8
2-ll "oins and "urren"ies of t!e United States /in"luding 4ederal Resere notes and
"ir"ulating notes of 4ederal Resere %an,s and national %an,ing asso"iations0 !eretofore
or !ereafter "oined or issued, s!all %e a legal tender for all de%ts, for $u%li" and $riate,
$u%li" "!arges, ta(es, duties, and dues, e("e$t t!at gold "oins, *!en %elo* t!e standard
*eig!t and limit of toleran"e $roided %) la* for t!e single $ie"e, s!all %e legal tender
onl) at aluation in $ro$ortion to t!eir a"tual *eig!t.3
-$$roed June 5, 1933, 5839 $.m.
No*, *!en )ou read t!is, note t!at 2gold or3 is in red, read t!e senten"e leaing it out,
t!ere is no gold in "ir"ulation. Read it8 2re+uiring $a)ment in a $arti"ular ,ind of "oin or
"urren") is against $u%li" $oli").3 .!en read it again8 2re+uiring $a)ment in an amount in
mone) of t!e United States measured t!ere%), is against $u%li" $oli").3 No* : as, )ou,
*!at else is t!ere and *!at "an )ou %e re+uired to $a) in;

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