Speech of Col Henry S Fitch in the State Convention of the National Currency
Speech of Col Henry S Fitch in the State Convention of the National Currency
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This was done to prevent an exchange which would lessen the total of the bond issue, and consequent crowding of the market with them.
It has been remarked, that when this Act of repudiation oc- curred, no objection was raised by the press of our country (pos- sibly because not understood), and not a note sounded against its injustice, or the infamous policy which dictated it.
On the 3d of March, Mr. Spaulding's National Bank Bill became a law, after Mr. Sherman, of the Senate Finance Committee ...had doc- tored it to suit the bankers, Mr. Chase, and himself. The money power now had matters all its own way, and was in a situation to prey upon the Government and people at its pleasure. Duties on imports were made payable in gold. Interests on our bonds, it 21 claimed, were payable in gold The exability of tin- 1 >:ick lor bonds, ot'. -i certain description, had been abro-..
'iintry was flooded with evidences of indebtedness of the Go- vernment, in all forms such as demand notes, Treasury notes bearing interest, mutilated legal tender notes, certificates of de- posit, certificates of indebtedness, etc.
What to read after Speech of Col Henry S Fitch in the State Convention of the National Currency?
You can find similar books in the "Read Also" column, or choose other free books by Henry S Fitch to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
This was done to prevent an exchange which would lessen the total of the bond issue, and consequent crowding of the market with them.
It has been remarked, that when this Act of repudiation oc- curred, no objection was raised by the press of our country (pos- sibly because not understood), and not a note sounded against its injustice, or the infamous policy which dictated it.
On the 3d of March, Mr. Spaulding's National Bank Bill became a law, after Mr. Sherman, of the Senate Finance Committee ...had doc- tored it to suit the bankers, Mr. Chase, and himself. The money power now had matters all its own way, and was in a situation to prey upon the Government and people at its pleasure. Duties on imports were made payable in gold. Interests on our bonds, it 21 claimed, were payable in gold The exability of tin- 1 >:ick lor bonds, ot'. -i certain description, had been abro-..
'iintry was flooded with evidences of indebtedness of the Go- vernment, in all forms such as demand notes, Treasury notes bearing interest, mutilated legal tender notes, certificates of de- posit, certificates of indebtedness, etc.
What to read after Speech of Col Henry S Fitch in the State Convention of the National Currency?
You can find similar books in the "Read Also" column, or choose other free books by Henry S Fitch to read onlineMoreLess
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