Money Inflation in the United States : a Study in Social Pathology
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In our eReader you can find the full English version of the book. Read Money Inflation in the United States : a Study in Social Pathology 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 Money Inflation in the United States : a Study in Social Pathology
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714.
108 Money Inflation constitution of 1818 prohibiting any but State banks within the State. 1 The same year "North Carolina laid an annual tax of $5000 upon the branch at Fayetteville" ; Kentucky followed with a tax of $60,000 on each of the two branches in that State, while Ohio was close behind with a tax of $50,000 on each branch there. Pennsylvania, the home of the parent bank, proposed a constitutional amend- ment which would "confine national banks to the District of Columbia," 2 whil...e the subject was de- bated in the Legislatures of Virginia, South Carolina, and New York. Had it not been for the favorable decisions of the Supreme Court, the institution would have been certainly and quickly taxed to death. The people memorialized Congress, poured ^ forth vituperation upon the bank, abused the Fed- eral Courts, and called into use all the invidious epithets that had been invented for the redemption system in New England.
No doubt the bank pursued its course with more j vigor than tact in the face of this active opposition, but it certainly accomplished its great economic purpose.
What to read after Money Inflation in the United States : a Study in Social Pathology?
You can find similar books in the "Read Also" column, or choose other free books by Wildman, Murray Shipley, 1868- to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
714.
108 Money Inflation constitution of 1818 prohibiting any but State banks within the State. 1 The same year "North Carolina laid an annual tax of $5000 upon the branch at Fayetteville" ; Kentucky followed with a tax of $60,000 on each of the two branches in that State, while Ohio was close behind with a tax of $50,000 on each branch there. Pennsylvania, the home of the parent bank, proposed a constitutional amend- ment which would "confine national banks to the District of Columbia," 2 whil...e the subject was de- bated in the Legislatures of Virginia, South Carolina, and New York. Had it not been for the favorable decisions of the Supreme Court, the institution would have been certainly and quickly taxed to death. The people memorialized Congress, poured ^ forth vituperation upon the bank, abused the Fed- eral Courts, and called into use all the invidious epithets that had been invented for the redemption system in New England.
No doubt the bank pursued its course with more j vigor than tact in the face of this active opposition, but it certainly accomplished its great economic purpose.
What to read after Money Inflation in the United States : a Study in Social Pathology?
You can find similar books in the "Read Also" column, or choose other free books by Wildman, Murray Shipley, 1868- to read onlineMoreLess
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