Report of the Union Committee Appointed By the Meeting of the Signers of the M
Report of the Union Committee Appointed By the Meeting of the Signers of the M
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In our eReader you can find the full English version of the book. Read Report of the Union Committee Appointed By the Meeting of the Signers of the M 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 Union Committee Appointed By the Meeting of the Signers of the M
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Deposites on 1st Aug. , 1833, 8 17. 752, 000, 1st Dec, 1833, 8 11, 989, 000.
Decrease only 85, 703, 000.
The Bank had in fact curtailed their discounts more than four millions between the 1st of August and the 1st of Octo- ber. It cannot be doubted that this measure produced a de- rangement in the business of certain sections of the country, and had its share in producing the distress which afterward ensued. But that curtailment began only after the agent of the treasury appointed to make the p...reparatory arrangements for the removal, had commenced his inquiries. The object of his mission was one of public notoriety ; and it was a natural course on the part of the board of directors, when they had lost the confidence of the administration and were threatened with an early withdrawing of the large funds be- longing to the public in their hands, to prepare themselves for the event, and provide in time the necessary funds. It may be that the precautions w^ere carried farther than may now appear to have been strictly necessary.
What to read after Report of the Union Committee Appointed By the Meeting of the Signers of the M?
You can find similar books in the "Read Also" column, or choose other free books by New York Union Committee to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Deposites on 1st Aug. , 1833, 8 17. 752, 000, 1st Dec, 1833, 8 11, 989, 000.
Decrease only 85, 703, 000.
The Bank had in fact curtailed their discounts more than four millions between the 1st of August and the 1st of Octo- ber. It cannot be doubted that this measure produced a de- rangement in the business of certain sections of the country, and had its share in producing the distress which afterward ensued. But that curtailment began only after the agent of the treasury appointed to make the p...reparatory arrangements for the removal, had commenced his inquiries. The object of his mission was one of public notoriety ; and it was a natural course on the part of the board of directors, when they had lost the confidence of the administration and were threatened with an early withdrawing of the large funds be- longing to the public in their hands, to prepare themselves for the event, and provide in time the necessary funds. It may be that the precautions w^ere carried farther than may now appear to have been strictly necessary.
What to read after Report of the Union Committee Appointed By the Meeting of the Signers of the M?
You can find similar books in the "Read Also" column, or choose other free books by New York Union Committee to read onlineMoreLess
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