A Resource of War the Credit of the Government Made Immediately Available Hist
A Resource of War the Credit of the Government Made Immediately Available Hist
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To quickly assess the difficulty of the text, read a short excerpt:
HOWK, of Wisconsin, made a lengthy speech in favor of the bill, which will be found in the Appendix to the Cony. Globe, p. 51-2-3.
"Mr. PRESIDENT Hitherto the effort of the Government has been to borrow the immense sums demanded for the war in coin. It is clear to my mind that this effort should be abandoned. We arc excluded from borrowing in foreign markets for the present. It suits both the financial 108 and political purposes of other nations, at this time, to discredit our ability. Not unti...l we have demonstrated that, in the devotion of our own people, the Government has resources equal to its utmost needs, can we command the confidence of the gold-mongers of Europe ? To borrow of those communities, in their present temper, would subject us to such dis- counts now as would neither comport Avith our interests or our honor, and would subject vis hereafter to heavy annual exportations of specie for the payment of interest.
To continue borrowing of our own banks, and borrowing coin, is impos- sible.
What to read after A Resource of War the Credit of the Government Made Immediately Available Hist?
You can find similar books in the "Read Also" column, or choose other free books by Elbridge Gerry Spaulding to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
HOWK, of Wisconsin, made a lengthy speech in favor of the bill, which will be found in the Appendix to the Cony. Globe, p. 51-2-3.
"Mr. PRESIDENT Hitherto the effort of the Government has been to borrow the immense sums demanded for the war in coin. It is clear to my mind that this effort should be abandoned. We arc excluded from borrowing in foreign markets for the present. It suits both the financial 108 and political purposes of other nations, at this time, to discredit our ability. Not unti...l we have demonstrated that, in the devotion of our own people, the Government has resources equal to its utmost needs, can we command the confidence of the gold-mongers of Europe ? To borrow of those communities, in their present temper, would subject us to such dis- counts now as would neither comport Avith our interests or our honor, and would subject vis hereafter to heavy annual exportations of specie for the payment of interest.
To continue borrowing of our own banks, and borrowing coin, is impos- sible.
What to read after A Resource of War the Credit of the Government Made Immediately Available Hist?
You can find similar books in the "Read Also" column, or choose other free books by Elbridge Gerry Spaulding to read onlineMoreLess
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