On the Establishment of a New Bank in the District of Columbia With a Notice of
On the Establishment of a New Bank in the District of Columbia With a Notice of
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In 1817, the Farmers and Mechanics Bank of Georgetown, with a capital of half a million, and the Central Bank of Georgetown and Washing- ton, with half that capital, both in Georgetown ; the Bank of the Metropolis, with half a million capital, and the Patri- otic Bank, with half that capital, both in Washington, and the Union Bank of Alexandria, with half a million capital, were incorporated by Congress.
From this view it appears that without any systematic plan, from time to time bank was adde...d to bank, until, in the year 1817, when the population of the District was much below its present amount; the total capital authorized amount- ed to the enormous sum of six millions two hundred thou- sand dollars. In this action by Congress there appears to have been little deliberation ; every application made was received with favor, and it seems to have been a sufficient reason for adding a bank in one town, that a bank in one of the other towns had been recently authorized. There was in fact a race between the several towns, each striving to out-do the others.
What to read after On the Establishment of a New Bank in the District of Columbia With a Notice of?
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To quickly assess the difficulty of the text, read a short excerpt:
In 1817, the Farmers and Mechanics Bank of Georgetown, with a capital of half a million, and the Central Bank of Georgetown and Washing- ton, with half that capital, both in Georgetown ; the Bank of the Metropolis, with half a million capital, and the Patri- otic Bank, with half that capital, both in Washington, and the Union Bank of Alexandria, with half a million capital, were incorporated by Congress.
From this view it appears that without any systematic plan, from time to time bank was adde...d to bank, until, in the year 1817, when the population of the District was much below its present amount; the total capital authorized amount- ed to the enormous sum of six millions two hundred thou- sand dollars. In this action by Congress there appears to have been little deliberation ; every application made was received with favor, and it seems to have been a sufficient reason for adding a bank in one town, that a bank in one of the other towns had been recently authorized. There was in fact a race between the several towns, each striving to out-do the others.
What to read after On the Establishment of a New Bank in the District of Columbia With a Notice of?
You can find similar books in the "Read Also" column, or choose other free books by W William Roberts to read onlineMoreLess
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