The Life Story of J. Pierpont Morgan; a Biography
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In our eReader you can find the full English version of the book. Read The Life Story of J. Pierpont Morgan; a Biography 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 Life Story of J. Pierpont Morgan; a Biography
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Indeed, there was not even this much, as a matter of fact, for all but about three millions of this total was not in coined gold but in gold bars, and TREASURY CRISIS OP 1895 157 the demand was then specifically for coin, and the bars were at a discount. The bars could not be substituted, for the reason that this would betray the real weakness of the Treasury which was kept a close secret. To publish the truth at this moment would have resulted in turning the panic into an immediate overwhelmin...g disaster. From Chicago, San Francisco, New Orleans, the Treasury gathered up its last available sup plies. But both the time and the means were lacking to block the inevitable climax. A more tormenting situation has seldom been prepared for an honest and responsible executive. It could not be laid bare to the public, yet that w r as the very step the Presi dent was most anxious to take. Cleveland had no impression but one, and that was what arose from the nature of the great of fice he held, the impression that relief should come directly from Congress and the people.
What to read after The Life Story of J. Pierpont Morgan; a Biography?
You can find similar books in the "Read Also" column, or choose other free books by Hovey, Carl, B. 1875 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Indeed, there was not even this much, as a matter of fact, for all but about three millions of this total was not in coined gold but in gold bars, and TREASURY CRISIS OP 1895 157 the demand was then specifically for coin, and the bars were at a discount. The bars could not be substituted, for the reason that this would betray the real weakness of the Treasury which was kept a close secret. To publish the truth at this moment would have resulted in turning the panic into an immediate overwhelmin...g disaster. From Chicago, San Francisco, New Orleans, the Treasury gathered up its last available sup plies. But both the time and the means were lacking to block the inevitable climax. A more tormenting situation has seldom been prepared for an honest and responsible executive. It could not be laid bare to the public, yet that w r as the very step the Presi dent was most anxious to take. Cleveland had no impression but one, and that was what arose from the nature of the great of fice he held, the impression that relief should come directly from Congress and the people.
What to read after The Life Story of J. Pierpont Morgan; a Biography?
You can find similar books in the "Read Also" column, or choose other free books by Hovey, Carl, B. 1875 to read onlineMoreLess
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