A Defence of the Measures of the Administration of Thomas Jefferson
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We shall finish these remarks \ ith mentioning a single facl. During the whole administration of Mr. Adams, there was not a dollar of the public debt really redeemed ; for the new debt created by loans considerably exceeded the amount paid o, old.
In this view of the financial operations of the government, it may be proper concisely to notice a topic, brought up from time to time to suit party purposes. About the close of the year one thou- sand^eight hundred and two, the commissioners of the s...inking fund made a contract with Mr. Baring, whereby they sold him 2, 220 shares of bank stock, for an advance of 4 ^ per cent, making 1, 287, 600 dollars, on the condition that he should pay an equivalent sum of the foreign debt due by the United States at the exchange of 41 cents the guilder. At the close of the ensuing session, within two days of its termination, Mr. Baj ard brought forward a motion of enquiry, on the ground that the cor. ; mis toners had no legal authority to sell the bank shapes; and that it they 56 had the power, they had sacrificed the interest of the United States by the low price at which they had been sold.
What to read after A Defence of the Measures of the Administration of Thomas Jefferson?
You can find similar books in the "Read Also" column, or choose other free books by Taylor John to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
We shall finish these remarks \ ith mentioning a single facl. During the whole administration of Mr. Adams, there was not a dollar of the public debt really redeemed ; for the new debt created by loans considerably exceeded the amount paid o, old.
In this view of the financial operations of the government, it may be proper concisely to notice a topic, brought up from time to time to suit party purposes. About the close of the year one thou- sand^eight hundred and two, the commissioners of the s...inking fund made a contract with Mr. Baring, whereby they sold him 2, 220 shares of bank stock, for an advance of 4 ^ per cent, making 1, 287, 600 dollars, on the condition that he should pay an equivalent sum of the foreign debt due by the United States at the exchange of 41 cents the guilder. At the close of the ensuing session, within two days of its termination, Mr. Baj ard brought forward a motion of enquiry, on the ground that the cor. ; mis toners had no legal authority to sell the bank shapes; and that it they 56 had the power, they had sacrificed the interest of the United States by the low price at which they had been sold.
What to read after A Defence of the Measures of the Administration of Thomas Jefferson?
You can find similar books in the "Read Also" column, or choose other free books by Taylor John to read onlineMoreLess
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