This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1903 Excerpt: ... p. 796. 2 See p. 48, above. 3 Congressional Globe, 37th Cong., 2d Sess., Appendix, p. 56. Ubid., p. 763. 'Ibid., p. 689; cf. the remarks of Messrs. Edwards, p. 633, and Pike, p. 656. Stevens and Mr. Spaulding exaggerated when they predicted that the price realized would range between 50 and 80.1 Should a plan of ...
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1903 Excerpt: ... p. 796. 2 See p. 48, above. 3 Congressional Globe, 37th Cong., 2d Sess., Appendix, p. 56. Ubid., p. 763. 'Ibid., p. 689; cf. the remarks of Messrs. Edwards, p. 633, and Pike, p. 656. Stevens and Mr. Spaulding exaggerated when they predicted that the price realized would range between 50 and 80.1 Should a plan of finance based upon taxation heavy enough to inspire confidence in the management of the treasury be adopted, they were convinced that the government could secure loans without serious sacrifice.2 And further, their fiscal argument showed that an increase in the cost of the war would not be avoided by the rival plan of issuing an inconvertible paper currency.3 Still a third alternative was proposed by the opposition--the issue of treasury notes without the legal-tender quality. This suggestion was embodied in the three rival plans introduced into the House as substitutes for the bill.4 The discussion of their merits naturally elicited debate upon the efficacy of the legal-tender clause. The supporters of the bill were ready enough with assertions of the importance of the clause to the success of the measure;5 but they found it difficult to explain precisely what its value was. One said, "By making these notes a legal tender we prevent the money sharks from robbing our soldiers of their hard earnings." 6 Another argued that unless the United States notes were made a legal tender, the banks would seek to depreciate them in order to retain the field of circulation for their own issues.1 A third declared, "If we make the government issues a legal tender, the demand for specie will be so limited that they will maintain their value."3 Finally, Senator Sherman argued that the banks would not receive the government notes unless compelled...
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PLEASE NOTE, WE DO NOT SHIP TO DENMARK. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Please note we cannot offer an expedited shipping service from the UK.
