The History of the Surplus Revenue of 1837; Being An Account of Its Origin, Its Distribution Among the States, And the Uses to Which It Was Applied
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In our eReader you can find the full English version of the book. Read The History of the Surplus Revenue of 1837; Being An Account of Its Origin, Its Distribution Among the States, And the Uses to Which It Was Applied 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 History of the Surplus Revenue of 1837; Being An Account of Its Origin, Its Distribution Among the States, And the Uses to Which It Was Applied
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To quickly assess the difficulty of the text, read a short excerpt:
The Detroit Advertiser said : " The only practicable remedy which we can perceive for the pecuniary embarrassments under which the State SURPLUS REVENUE. 77 That Michigan's share of the surplus was largely- wasted, to say nothing of its effects in creating extravagance, appears altogether probable from the words of contemporary writers. 1 Like all the Western States, they planned a great many works at such immense expense that all their resources were used up before any thing was finished, and ...so very much was lost. When it is remembered that with a population of only 175,169 in 1837, mostly farmers with little capital, in a new country, improvements were designed whose probable cost would equal $15,000,000," some idea of the wildness of these undertakings may be obtained.
When such methods of financiering prevailed, it would have been a wonder if the surplus fund had not been wasted like the most of the five-million loan.
Michigan failed to pay the interest due on her debt for some years after the first instalment became due July 1, 1843.
What to read after The History of the Surplus Revenue of 1837; Being An Account of Its Origin, Its Distribution Among the States, And the Uses to Which It Was Applied?
You can find similar books in the "Read Also" column, or choose other free books by Edward Gaylord Bourne to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The Detroit Advertiser said : " The only practicable remedy which we can perceive for the pecuniary embarrassments under which the State SURPLUS REVENUE. 77 That Michigan's share of the surplus was largely- wasted, to say nothing of its effects in creating extravagance, appears altogether probable from the words of contemporary writers. 1 Like all the Western States, they planned a great many works at such immense expense that all their resources were used up before any thing was finished, and ...so very much was lost. When it is remembered that with a population of only 175,169 in 1837, mostly farmers with little capital, in a new country, improvements were designed whose probable cost would equal $15,000,000," some idea of the wildness of these undertakings may be obtained.
When such methods of financiering prevailed, it would have been a wonder if the surplus fund had not been wasted like the most of the five-million loan.
Michigan failed to pay the interest due on her debt for some years after the first instalment became due July 1, 1843.
What to read after The History of the Surplus Revenue of 1837; Being An Account of Its Origin, Its Distribution Among the States, And the Uses to Which It Was Applied?
You can find similar books in the "Read Also" column, or choose other free books by Edward Gaylord Bourne to read onlineMoreLess
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