The State Works of Pennsylvania
The State Works of Pennsylvania
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In our eReader you can find the full English version of the book. Read The State Works of Pennsylvania 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 State Works of Pennsylvania
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The sources of the latter were as follows: "All appro- priations, grants, and donations" made hy the state legislature, by the Congress of the United States, hy corporations or individuals; an annual appropriationf of $30,000 from the auction duties ;$ * The practice of borrowing on the credit of the state had commenced pre- vious to the period imder discussion, although to a very limited cxteftt. In the year 1826, when the commonwealth commenced the system of internal improvements, the debt wa...s $1,840,000.^ The report of the committee on ways and means^ made to the legislature in 1823 expressed the regret that Pennsylvania has adopted a system of borrowing. The time was anxiously anticipated when the state should be free from debt. If the policy of spend- ing more than the legitimate revenues Applied were continued, the result must be taxation or a state-debt. They believed "that neither our form of government nor the habits or disposition of our citizens is calculated for either debt or taxation; but if one or the other must be adopted they would prefer taxes rather than debt." This preference, however, was not embodied in their recommendations of ways and means since they advised "the passage of a law authorizing the governor to obtain on loaa from the Philadelphia Bank the sum of $100,000 ...
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You can find similar books in the "Read Also" column, or choose other free books by Avard Longley Bishop to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The sources of the latter were as follows: "All appro- priations, grants, and donations" made hy the state legislature, by the Congress of the United States, hy corporations or individuals; an annual appropriationf of $30,000 from the auction duties ;$ * The practice of borrowing on the credit of the state had commenced pre- vious to the period imder discussion, although to a very limited cxteftt. In the year 1826, when the commonwealth commenced the system of internal improvements, the debt wa...s $1,840,000.^ The report of the committee on ways and means^ made to the legislature in 1823 expressed the regret that Pennsylvania has adopted a system of borrowing. The time was anxiously anticipated when the state should be free from debt. If the policy of spend- ing more than the legitimate revenues Applied were continued, the result must be taxation or a state-debt. They believed "that neither our form of government nor the habits or disposition of our citizens is calculated for either debt or taxation; but if one or the other must be adopted they would prefer taxes rather than debt." This preference, however, was not embodied in their recommendations of ways and means since they advised "the passage of a law authorizing the governor to obtain on loaa from the Philadelphia Bank the sum of $100,000 ...
What to read after The State Works of Pennsylvania?
You can find similar books in the "Read Also" column, or choose other free books by Avard Longley Bishop to read onlineMoreLess
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