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. 1868 edition. Excerpt: ...paid both there and in Austria to General Pianelli, whose bold disobedience of orders at Custozza prevented the defeat from becoming a rout. THE FINANCIAL CONTROVERSY. A Very animated and somewhat acrimonious discussion is at present going on in the press and on the rostrum concerning the actual and ...
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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. 1868 edition. Excerpt: ...paid both there and in Austria to General Pianelli, whose bold disobedience of orders at Custozza prevented the defeat from becoming a rout. THE FINANCIAL CONTROVERSY. A Very animated and somewhat acrimonious discussion is at present going on in the press and on the rostrum concerning the actual and prospective receipts and expenditures of the National Government. The immediate cause of the discussion is to be found in two letters from two bureau heads in the Treasury Department, speaking each with apparent authority, but showing a wide divergence in their statements and assertions. The remote and more potent cause of the discussion, and especially of its having assumed so angry a tone, must, however, be sought in the fact that each of the two writers is supposed and believed to be in close sympathy and intimate relations with one of the two opposing political parties, and that their statements are hence taken to be inspired by party motives, colored by party desires, if not actually manufactured to suit party purposes. It is not easy to imagine a circumstance more damaging to the reputation of Mr. McCulloch as a statesman or public administrator, than that for weeks past the public mind should have been knocked to and fro like a shuttlecock between the battledores of opposing officials, one proving national bankruptcy inevitable, the other showing a certain surplus of income over outgo. The law, indeed, does not require the Secretary of the Treasury to step forth and settle every disputed question concerning the finances, but it does seem to us that if the Secretary cannot prevent his subordinates from publishing semi-official, but absolutely contradictory, statements of facts which do not come within the range of their special duties, he ought...
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