Greenbacks, or the Evils and the Remedy of Using Promise to Pay to the Bearer on Demand As a Measure of Value Classic Reprint
Idioma: inglés
Editorial: Forgotten Books, 2018
- Tapa blanda
- Nuevo
Librería: PBShop.store UK, Fairford, GLOS, Reino UnidoPBShop.store UK
Vendedor de IberLibro desde 11 de junio de 1999
Condición: Nuevo
EUR 24,75
Cantidad disponible: 15 disponibles
Añadir al carritoDescripción del artículo del vendedor
New Book. Shipped from UK. Established seller since 2000.
N° de ref. del artículo LW-9781334426735
- Título
- Greenbacks, or the Evils and the Remedy of Using Promise to Pay to the Bearer on Demand As a Measure of Value Classic Reprint
- Autor
- Unknown Author
- Editorial
- Forgotten Books
- Año de publicación
- 2018
- Estado
- New
- Encuadernación
- PAP
- Idioma
- inglés
- ISBN 10
- 1334426732
- ISBN 13
- 9781334426735
- Peso del artículo
- 104 gramos
We hold that the practices of men, when they differ from their pro fessions, and are not wrongfully interpreted, are a better index of their opinions than their words.' Following this as a rule. We have been nu able to discover that either the Secretary of the Treasury (whom we hold to be a statesman and a patriot), or the bankers of New York city, Boston, and Philadelphia, were in favor of the Pledge Banking scheme in 1861. Most of those of Wall street, it is true, had previously conformed to it, but only as a necessity imposed by a State law, in the making of which they had no agency they were obliged to conform, or to discon tinne their business of receiving interest on money owed. But those of State and Chestnut streets have neither conformed to it nor adopted it. We, therefore, conclude that these parties did not intentionally impose the Free Banking scheme on the Nation; yet, what they did seems to have culminated in the National Currency Act. Those who will ex amine and consider the present financial condition of the Nation, may possibly find the origin of the present National Pledge Banking scheme in some of the early efforts made by the Government to fill its treasury.
When the rebellion commenced, men, ships, munitions of war, and pro visions were needed for the preservation and protection of our Govern ment. These had to be supplied by patriotism and credit. At that time, the Nation's treasury was empty, or nearly so, and extra efforts had to be made to fill it. Among men, there are two methods of using credit - one by borrowing money and paying for its use, the other by making pur chases to be paid for at some future day, at a price that will compensate for the delay in payment. Governments have no other just methods. At the outbreak of the rebellion, our Government sought means by the first of these, and we think it acted wisely in doing so. It asked for a loan, the amount of which we deem of but little importance, for our object is to consider mainly the principle of action, rather than the details of par ticular acts we, however, shall endeavor to call attention to the differ ent methods that have been adopted to use and sustain the credit of the Government, in the order they have followed each other.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
“Sinopsis” puede pertenecer a otra edición de este título.
Reseña del editor
First, that an immediate issue be made by the United States Treasury Department of Treasury notes, bearing interest at per cent., to the extent of fifty millions of dollars.
Second, that the banks of New York Boston, and Philadelphia associated, take jointly this fifty millions at par, with the privilege of taking at par an additional fifty millions, October 15th, by giving their decision to the Depart ment October lst; and also at par fifty millions December 15th, by giving their decision December lst, unless 'said amount shall have been previously subscribed as a National Loan. It being understood and agreed that no other government stocks, bonds, or treasury notes (except Treasury notes payable on demand, and the Oregon War Loan) shall be negotiated or paid out by the Government until February 1st, 1862.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
“Acerca de” puede pertenecer a otra edición de este título.
PBShop.store UK
Fairford, GLOS, Reino Unido
Vendedor de IberLibro desde 11 de junio de 1999
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