History of the United States of America volume 8
History of the United States of America volume 8
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In our eReader you can find the full English version of the book. Read History of the United States of America volume 8 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 United States of America volume 8
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All markets abroad and {ill at home are shut to us, so that we have been feeding our horses on wheat. Before the day of collection, bank notes will be but as oak-leaves ; and of specie there is not within all the United States one half of the proposed amount of the taxes. " This was the situation of the Virginia scheme when Dallas took the matter in hand. Immediately after entering into office, Dallas wrote to Eppes an i Jefferson to Monroe, Oct. 16, 1814; Works, vi. 394.
1814. COXGRESS AXD CUR...RENCY. 249 official letter, dated October 17, expressing views wholly at variance with the Virginia plan.
" Under favorable circumstances and to a limited ex tent, " he said, 1 " an emission of Treasury notes would probably afford relief ; but Treasury notes are an ex pensive and precarious substitute either for coin or for bank-notes, charged as they are with a growing interest, productive of no countervailing profit or emolument, and exposed to every breath of popular prejudice or alarm. The establishment of a national institution operating upon credit combined with capital, and regulated by prudence and good faith, is after all the only efficient remedy for the disordered condition of our circulating medium.
What to read after History of the United States of America volume 8?
You can find similar books in the "Read Also" column, or choose other free books by Adams, Henry, 1838-1918 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
All markets abroad and {ill at home are shut to us, so that we have been feeding our horses on wheat. Before the day of collection, bank notes will be but as oak-leaves ; and of specie there is not within all the United States one half of the proposed amount of the taxes. " This was the situation of the Virginia scheme when Dallas took the matter in hand. Immediately after entering into office, Dallas wrote to Eppes an i Jefferson to Monroe, Oct. 16, 1814; Works, vi. 394.
1814. COXGRESS AXD CUR...RENCY. 249 official letter, dated October 17, expressing views wholly at variance with the Virginia plan.
" Under favorable circumstances and to a limited ex tent, " he said, 1 " an emission of Treasury notes would probably afford relief ; but Treasury notes are an ex pensive and precarious substitute either for coin or for bank-notes, charged as they are with a growing interest, productive of no countervailing profit or emolument, and exposed to every breath of popular prejudice or alarm. The establishment of a national institution operating upon credit combined with capital, and regulated by prudence and good faith, is after all the only efficient remedy for the disordered condition of our circulating medium.
What to read after History of the United States of America volume 8?
You can find similar books in the "Read Also" column, or choose other free books by Adams, Henry, 1838-1918 to read onlineMoreLess
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