Harper's Encyclopædia of United States History From 458 A.D. to 1905 : Based Upon the Plan of Benson John Lossing V.2
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In our eReader you can find the full English version of the book. Read Harper's Encyclopædia of United States History From 458 A.D. to 1905 : Based Upon the Plan of Benson John Lossing V.2 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 Harper's Encyclopædia of United States History From 458 A.D. to 1905 : Based Upon the Plan of Benson John Lossing V.2
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No condition ought to exist which would justify the grant of power to a single official, upon his judgment of its necessity, to withhold from or release to the busi- ness of the people, in an unusual manner, money held in the Treasury, and thus af- fect at his will the financial situation of the country; and, if it is deemed wise to lodge in the Secretary of the Treasury the authority in the present juncture to purchase bonds, it should be plainly vest- ed, and provided, as far as possible, wit...h such checks and limitations as will de- fine this official's right and discretion and at the same time relieve him from undue responsibility.
In considering the question of purchas- ing bonds as a means of restoring to cir- culation the surplus money accumulating in the Treasury, it should be borne in mind that premiums must of course be paid upon such purchase, that there may be a large part of these bonds held as in- vestments which cannot be purchased at any price, and that combinations among holders who are willing to sell may rea- sonably enhance the cost of such bonds to the government.
What to read after Harper's Encyclopædia of United States History From 458 A.D. to 1905 : Based Upon the Plan of Benson John Lossing V.2?
You can find similar books in the "Read Also" column, or choose other free books by Wilson Woodrow to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
No condition ought to exist which would justify the grant of power to a single official, upon his judgment of its necessity, to withhold from or release to the busi- ness of the people, in an unusual manner, money held in the Treasury, and thus af- fect at his will the financial situation of the country; and, if it is deemed wise to lodge in the Secretary of the Treasury the authority in the present juncture to purchase bonds, it should be plainly vest- ed, and provided, as far as possible, wit...h such checks and limitations as will de- fine this official's right and discretion and at the same time relieve him from undue responsibility.
In considering the question of purchas- ing bonds as a means of restoring to cir- culation the surplus money accumulating in the Treasury, it should be borne in mind that premiums must of course be paid upon such purchase, that there may be a large part of these bonds held as in- vestments which cannot be purchased at any price, and that combinations among holders who are willing to sell may rea- sonably enhance the cost of such bonds to the government.
What to read after Harper's Encyclopædia of United States History From 458 A.D. to 1905 : Based Upon the Plan of Benson John Lossing V.2?
You can find similar books in the "Read Also" column, or choose other free books by Wilson Woodrow to read onlineMoreLess
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