History of the Civil War in America 3
History of the Civil War in America 3
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In our eReader you can find the full English version of the book. Read History of the Civil War in America 3 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 History of the Civil War in America 3
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On the 17th of January, driven by necessity, it passed a resolution authorizing the President to issue notes to the amount of $100,000,000 to pay the arrears due to the soldiers.
But it was only on the 3d of March, just as it was about to adjourn, that Congress voted the laws required by the Secretary of the Treasury in order to meet the current expenses until the 1st of July, 1864. We have stated that the deficiency of 1862-63 was estimated at $300,000,000— that of 1863-64, at $600,000,000.
Co...ngress authorized a double issufe of six per-cent. bonds, cor- responding with these two figures, the total amount being $900,000,000. These bonds, being payable after ten years and before the expiration of the fortieth year, were commonly known by the name of " ten-forties." But at tliLS diite^ the 3d of March, the arrears amounted to $72,171,189 : they increased much more rapidly than the returns from the loan placed on the market. It was necessary, there- fore, to procure temporary relief while waiting for the negotia- tion of the loan.
What to read after History of the Civil War in America 3?
You can find similar books in the "Read Also" column, or choose other free books by Paris, Louis-Philippe-Albert D'orléans, Comte De, 1838-1894 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
On the 17th of January, driven by necessity, it passed a resolution authorizing the President to issue notes to the amount of $100,000,000 to pay the arrears due to the soldiers.
But it was only on the 3d of March, just as it was about to adjourn, that Congress voted the laws required by the Secretary of the Treasury in order to meet the current expenses until the 1st of July, 1864. We have stated that the deficiency of 1862-63 was estimated at $300,000,000— that of 1863-64, at $600,000,000.
Co...ngress authorized a double issufe of six per-cent. bonds, cor- responding with these two figures, the total amount being $900,000,000. These bonds, being payable after ten years and before the expiration of the fortieth year, were commonly known by the name of " ten-forties." But at tliLS diite^ the 3d of March, the arrears amounted to $72,171,189 : they increased much more rapidly than the returns from the loan placed on the market. It was necessary, there- fore, to procure temporary relief while waiting for the negotia- tion of the loan.
What to read after History of the Civil War in America 3?
You can find similar books in the "Read Also" column, or choose other free books by Paris, Louis-Philippe-Albert D'orléans, Comte De, 1838-1894 to read onlineMoreLess
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