A Plan for a Gradual Resumption of Specie Payment Submitted in a Letter to Hon
A Plan for a Gradual Resumption of Specie Payment Submitted in a Letter to Hon
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In our eReader you can find the full English version of the book. Read A Plan for a Gradual Resumption of Specie Payment Submitted in a Letter to Hon Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book A Plan for a Gradual Resumption of Specie Payment Submitted in a Letter to Hon
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This feature will commend itself to the banks. Owing to the magnitude of the operation, no combination of parties, outside of bank organizations and the Government, could raise a sufficient amount of notes to make disastrous runs upon the Bureau. Government would be able to pay its coin obligations by check, which would be paid in gold or paper, AT THE OPTION OF THE HOLDER, who would generally take paper in preference to gold, because more easily handled.
Under the fourth proposition, the banks... will have furnished them coin equal in amount to 25 per cent, bf their circula- tion. This, under the present National Bank system, and 10 this programme carried out fully, would be 10 per cent, more than necessary to enable them to protect their circula- tion after confidence had been established. Therefore banks would be abundantly able to carry out the fifth proposition to aid the Government to resume by keeping their deposit re- serve in legal tender notes.
Under the fifth provision, the National Banks, in consider- ation of receiving so liberal a supply of gold from the Gov- ernment, would be required to use U.
What to read after A Plan for a Gradual Resumption of Specie Payment Submitted in a Letter to Hon?
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To quickly assess the difficulty of the text, read a short excerpt:
This feature will commend itself to the banks. Owing to the magnitude of the operation, no combination of parties, outside of bank organizations and the Government, could raise a sufficient amount of notes to make disastrous runs upon the Bureau. Government would be able to pay its coin obligations by check, which would be paid in gold or paper, AT THE OPTION OF THE HOLDER, who would generally take paper in preference to gold, because more easily handled.
Under the fourth proposition, the banks... will have furnished them coin equal in amount to 25 per cent, bf their circula- tion. This, under the present National Bank system, and 10 this programme carried out fully, would be 10 per cent, more than necessary to enable them to protect their circula- tion after confidence had been established. Therefore banks would be abundantly able to carry out the fifth proposition to aid the Government to resume by keeping their deposit re- serve in legal tender notes.
Under the fifth provision, the National Banks, in consider- ation of receiving so liberal a supply of gold from the Gov- ernment, would be required to use U.
What to read after A Plan for a Gradual Resumption of Specie Payment Submitted in a Letter to Hon?
You can find similar books in the "Read Also" column, or choose other free books by Edwin Cowles to read onlineMoreLess
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