Speech of Hon Columbus Delano Delivered At Raleigh North Carolina July 24 1
Speech of Hon Columbus Delano Delivered At Raleigh North Carolina July 24 1
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The credit of the country has improved in a'degreo most satisfactory 'to every patriotic mind; the price of American securities has •constantly ad'vanced; the appreciation of our . Paper monery is marked by the fall of gold from $1 32 in 18G9 to Si 10 and $1 12 in 1872. . At the commencement of the present Ad- ministration the securities of the United States were below the par value of gold from 15 to 17 per cent. , and to-day we daro boast that American securities are equal in value to gold. T...hese and like considerations it is that has enabled the Government already to place its public securities at a greatly reduced rate of interest, and the same causes, if con- tinued, will enable us to call in the baJauce of our G per cent. Loan and place it at a rate of interest from 4 to 5 per cent. Upon this sub- ject I refer with satisfaction to the remarks of one of the leaders of the House of Repre- sentatives, Hon. Mr. Brooks, of New York, a member of the Committee of Ways and Means, delivered in the House Februaiy 1, 1872.
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To quickly assess the difficulty of the text, read a short excerpt:
The credit of the country has improved in a'degreo most satisfactory 'to every patriotic mind; the price of American securities has •constantly ad'vanced; the appreciation of our . Paper monery is marked by the fall of gold from $1 32 in 18G9 to Si 10 and $1 12 in 1872. . At the commencement of the present Ad- ministration the securities of the United States were below the par value of gold from 15 to 17 per cent. , and to-day we daro boast that American securities are equal in value to gold. T...hese and like considerations it is that has enabled the Government already to place its public securities at a greatly reduced rate of interest, and the same causes, if con- tinued, will enable us to call in the baJauce of our G per cent. Loan and place it at a rate of interest from 4 to 5 per cent. Upon this sub- ject I refer with satisfaction to the remarks of one of the leaders of the House of Repre- sentatives, Hon. Mr. Brooks, of New York, a member of the Committee of Ways and Means, delivered in the House Februaiy 1, 1872.
What to read after Speech of Hon Columbus Delano Delivered At Raleigh North Carolina July 24 1?
You can find similar books in the "Read Also" column, or choose other free books by Columbus Delano to read onlineMoreLess
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