A Resource of War--The Credit of the Government Made Immediately Available. History of the Legal Tender Paper Money Issued During the Great Rebellion. Being a Loan Without Interest And a National Currency
A Resource of War--The Credit of the Government Made Immediately Available. History of the Legal Tender Paper Money Issued During the Great Rebellion. Being a Loan Without Interest And a National Currency
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In our eReader you can find the full English version of the book. Read A Resource of War--The Credit of the Government Made Immediately Available. History of the Legal Tender Paper Money Issued During the Great Rebellion. Being a Loan Without Interest And a National Currency 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 Resource of War--The Credit of the Government Made Immediately Available. History of the Legal Tender Paper Money Issued During the Great Rebellion. Being a Loan Without Interest And a National Currency
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All the gentlemen who have written on the subject, except some wild speculators in currency, have declared that as a policy it would be ruinous to any people ; and it has been defended, as I have stated, simply Digitized by VjOOQIC 104 and solely upon the ground that it is to he a single measure, standing hy itself, and not to he repeated^ Section four of the bill, as reported by the Committee, contains a pro- vision to which I will call the attention of the Senate. It provides for certain depo...sit certificates.
This provision was very much desired by the banks in all the cities. It was thought that it would afford them facilities that would give greater currency to the notes, that it would enable them to deal with them better; and therefore we have offered a provision, that for a period of not less than thirty days, any person or institution may deposit their Treasury notes, in sums of not less than $500, at the Sub-Treasury, and receive an interest of five per cent.
Mr. President, I wish now to say something upon the main question of the bill, which I have avoided touching, except incidentally; and that is the dame making these notes a legal tender; for, after all, that is the great question now submitted to the iSenale.
What to read after A Resource of War--The Credit of the Government Made Immediately Available. History of the Legal Tender Paper Money Issued During the Great Rebellion. Being a Loan Without Interest And a National Currency?
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:
All the gentlemen who have written on the subject, except some wild speculators in currency, have declared that as a policy it would be ruinous to any people ; and it has been defended, as I have stated, simply Digitized by VjOOQIC 104 and solely upon the ground that it is to he a single measure, standing hy itself, and not to he repeated^ Section four of the bill, as reported by the Committee, contains a pro- vision to which I will call the attention of the Senate. It provides for certain depo...sit certificates.
This provision was very much desired by the banks in all the cities. It was thought that it would afford them facilities that would give greater currency to the notes, that it would enable them to deal with them better; and therefore we have offered a provision, that for a period of not less than thirty days, any person or institution may deposit their Treasury notes, in sums of not less than $500, at the Sub-Treasury, and receive an interest of five per cent.
Mr. President, I wish now to say something upon the main question of the bill, which I have avoided touching, except incidentally; and that is the dame making these notes a legal tender; for, after all, that is the great question now submitted to the iSenale.
What to read after A Resource of War--The Credit of the Government Made Immediately Available. History of the Legal Tender Paper Money Issued During the Great Rebellion. Being a Loan Without Interest And a National Currency?
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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