Report of the Committee On Ways And Means, to Whom Was Referred So Much of the Governor's Message As Relates to the Finances of the State 1852
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In our eReader you can find the full English version of the book. Read Report of the Committee On Ways And Means, to Whom Was Referred So Much of the Governor's Message As Relates to the Finances of the State 1852 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 Report of the Committee On Ways And Means, to Whom Was Referred So Much of the Governor's Message As Relates to the Finances of the State 1852
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A judicious financial skill, on the part ()f the Treasurer will, by closely watching the mar--et, enable him to purchase at times, when it v/ill best subserve the pecuniary interests of the State.
Besides, he is not confined exclusively to the purchase of 5 per cents. If he finds, at any time, they should rise to a degree not to promote the interest of the State by theb* purchase, he can withdraw from the market and redeem such p»ortions of the larger amount of the debt now due, as he will be e...nabled to do, from the surplus revenue at his command.
In a more practical vic-w, the Committee will endeavor to show how greatly the State and the tax-paying ciiiaeus vfiii gain by an early payment of the principal of the debt, or, ■which is the same thing, the great loss- lisey will sustain if they do not discharge it.
And first, for the purpose of showing the dis.advaatnges to the people of this State, by postponing the payraeul of the debt until it arrives at maturity, the Committee will suppose that a debt of the State, bearing 5' per cent, interest, does not mature until 1890, and that the amount of that debt is $500,000,000.
What to read after Report of the Committee On Ways And Means, to Whom Was Referred So Much of the Governor's Message As Relates to the Finances of the State 1852?
You can find similar books in the "Read Also" column, or choose other free books by Maryland. General Assembly. House of Delegates. Ways And Means Committee to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
A judicious financial skill, on the part ()f the Treasurer will, by closely watching the mar--et, enable him to purchase at times, when it v/ill best subserve the pecuniary interests of the State.
Besides, he is not confined exclusively to the purchase of 5 per cents. If he finds, at any time, they should rise to a degree not to promote the interest of the State by theb* purchase, he can withdraw from the market and redeem such p»ortions of the larger amount of the debt now due, as he will be e...nabled to do, from the surplus revenue at his command.
In a more practical vic-w, the Committee will endeavor to show how greatly the State and the tax-paying ciiiaeus vfiii gain by an early payment of the principal of the debt, or, ■which is the same thing, the great loss- lisey will sustain if they do not discharge it.
And first, for the purpose of showing the dis.advaatnges to the people of this State, by postponing the payraeul of the debt until it arrives at maturity, the Committee will suppose that a debt of the State, bearing 5' per cent, interest, does not mature until 1890, and that the amount of that debt is $500,000,000.
What to read after Report of the Committee On Ways And Means, to Whom Was Referred So Much of the Governor's Message As Relates to the Finances of the State 1852?
You can find similar books in the "Read Also" column, or choose other free books by Maryland. General Assembly. House of Delegates. Ways And Means Committee to read onlineMoreLess
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