The Financial History of the United States, From 1774 to 1789 : Embracing the Period of the American Revolution
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In our eReader you can find the full English version of the book. Read The Financial History of the United States, From 1774 to 1789 : Embracing the Period of the American Revolution 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 The Financial History of the United States, From 1774 to 1789 : Embracing the Period of the American Revolution
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It was not until March,^ 1781, that he was assured of the king's good will and of his willingness to grant more aid to the United States. The sum of six million livres was granted, not as a loan, but as a free gift, a part of which was to be employed in making purchases in France, and the rest was to be sent to the United States with the view of re-establishing the credit of the government.
The French Government had evidently learned the slow, wasteful, and inefficient ways of doing business by... com- mittees or boards established by Congress ; and, as the gift was wanted more especially for the army, Washington alone was authorized to draw bills of exchange for it gradually, as the money might be wanted for that pur- pose. This was contrary to the usual mode of drawing them ; and Franklin sought to have them drawn by the treasurer of the United States; but the ministry, with good reason, was inflexible on the point. Franklin, in his philosophic way, adds that there was no room for dis- puting this determination, as every donor has the right of qualifying his gifts with such terms as he thinks proper.* A considerable portion of the gift was to be sent under the direction of Major Jackson, when Franklin, seeing a rapid increase of the engagements of Congress, ordered the money to be stopped in the hands of the bankers.
What to read after The Financial History of the United States, From 1774 to 1789 : Embracing the Period of the American Revolution?
You can find similar books in the "Read Also" column, or choose other free books by Albert Sidney Bolles to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
It was not until March,^ 1781, that he was assured of the king's good will and of his willingness to grant more aid to the United States. The sum of six million livres was granted, not as a loan, but as a free gift, a part of which was to be employed in making purchases in France, and the rest was to be sent to the United States with the view of re-establishing the credit of the government.
The French Government had evidently learned the slow, wasteful, and inefficient ways of doing business by... com- mittees or boards established by Congress ; and, as the gift was wanted more especially for the army, Washington alone was authorized to draw bills of exchange for it gradually, as the money might be wanted for that pur- pose. This was contrary to the usual mode of drawing them ; and Franklin sought to have them drawn by the treasurer of the United States; but the ministry, with good reason, was inflexible on the point. Franklin, in his philosophic way, adds that there was no room for dis- puting this determination, as every donor has the right of qualifying his gifts with such terms as he thinks proper.* A considerable portion of the gift was to be sent under the direction of Major Jackson, when Franklin, seeing a rapid increase of the engagements of Congress, ordered the money to be stopped in the hands of the bankers.
What to read after The Financial History of the United States, From 1774 to 1789 : Embracing the Period of the American Revolution?
You can find similar books in the "Read Also" column, or choose other free books by Albert Sidney Bolles to read onlineMoreLess
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