Currency And Finance Speech in Hon Henry W Blair of New Hampshire in the Ho
Currency And Finance Speech in Hon Henry W Blair of New Hampshire in the Ho
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In no event could the Government, any more than the States, have any interest in the business of either system as banks of deposit, that being a purely private business, except to exercise the power of taxation upon deposits, which the Government has ck)ne with great profit to the revenues, while the State governments impose upon their capital an average tax of 3 per cent. , and the aggregate of State and Federal taxes upon these banks is 4 per cent, upon their capital.
It appears from the offi...cial reports of the Treasury Department of the current year that the bonds bought by the national banks of the Government and held by the Government as security for the redemption of their notes in circulation as money were worth, on the 1st day of November last, at par, §361, 498, - 112, and that, if the banks were destroyed and the bonds again distributed among the stockholdors, they would sell in open mar- ket for §42. 5, 84:0, 5o3. The total value in cur- rency of the yearly interest on these bonds was §22, 264, 312.
What to read after Currency And Finance Speech in Hon Henry W Blair of New Hampshire in the Ho?
You can find similar books in the "Read Also" column, or choose other free books by Henry W Henry William Blair to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
In no event could the Government, any more than the States, have any interest in the business of either system as banks of deposit, that being a purely private business, except to exercise the power of taxation upon deposits, which the Government has ck)ne with great profit to the revenues, while the State governments impose upon their capital an average tax of 3 per cent. , and the aggregate of State and Federal taxes upon these banks is 4 per cent, upon their capital.
It appears from the offi...cial reports of the Treasury Department of the current year that the bonds bought by the national banks of the Government and held by the Government as security for the redemption of their notes in circulation as money were worth, on the 1st day of November last, at par, §361, 498, - 112, and that, if the banks were destroyed and the bonds again distributed among the stockholdors, they would sell in open mar- ket for §42. 5, 84:0, 5o3. The total value in cur- rency of the yearly interest on these bonds was §22, 264, 312.
What to read after Currency And Finance Speech in Hon Henry W Blair of New Hampshire in the Ho?
You can find similar books in the "Read Also" column, or choose other free books by Henry W Henry William Blair to read onlineMoreLess
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