Memoir of the Hon Nathan Appleton Lld Prepared Agreeably to a Resolution of
Memoir of the Hon Nathan Appleton Lld Prepared Agreeably to a Resolution of
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In our eReader you can find the full English version of the book. Read Memoir of the Hon Nathan Appleton Lld Prepared Agreeably to a Resolution of 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 Memoir of the Hon Nathan Appleton Lld Prepared Agreeably to a Resolution of
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" In 1840, Mr. Clay determined to bring forward his project for another Bank of the United States. I published, with my name, a pamphlet on Currency and Banking, one motive of which was to show the danger from an institution of so great power. I had become satisfied, from my own observation, that it was a power too great to be intrusted to any one man.
" In 1839 (October), the Bank of the United States, acting under its Pennsylvania charter, again suspended payment, and proved desperately insol...vent ; carrying with it the Philadelphia banks, who foolishly involved themselves in its fortunes, from which they were only relieved by a large loan from Boston and New York. In arranging this loan, I took a leading and active part. Philadelphia did resume in consequence, 011 the 15th of January, 1841 ; but the Bank of the United States broke down after ten days trial. The other banks of Philadelphia again followed suit, and did not finally resume until .
" During all this period, from 1837, I was frequently writing for the newspapers in Boston and Philadelphia, urging upon Philadelphia and the South to restore their currency.
What to read after Memoir of the Hon Nathan Appleton Lld Prepared Agreeably to a Resolution of?
You can find similar books in the "Read Also" column, or choose other free books by Robert Charles Winthrop to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
" In 1840, Mr. Clay determined to bring forward his project for another Bank of the United States. I published, with my name, a pamphlet on Currency and Banking, one motive of which was to show the danger from an institution of so great power. I had become satisfied, from my own observation, that it was a power too great to be intrusted to any one man.
" In 1839 (October), the Bank of the United States, acting under its Pennsylvania charter, again suspended payment, and proved desperately insol...vent ; carrying with it the Philadelphia banks, who foolishly involved themselves in its fortunes, from which they were only relieved by a large loan from Boston and New York. In arranging this loan, I took a leading and active part. Philadelphia did resume in consequence, 011 the 15th of January, 1841 ; but the Bank of the United States broke down after ten days trial. The other banks of Philadelphia again followed suit, and did not finally resume until .
" During all this period, from 1837, I was frequently writing for the newspapers in Boston and Philadelphia, urging upon Philadelphia and the South to restore their currency.
What to read after Memoir of the Hon Nathan Appleton Lld Prepared Agreeably to a Resolution of?
You can find similar books in the "Read Also" column, or choose other free books by Robert Charles Winthrop to read onlineMoreLess
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