The History, Organization And Influence of the Independent Treasury of the United States
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In our eReader you can find the full English version of the book. Read The History, Organization And Influence of the Independent Treasury of the United States Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The History, Organization And Influence of the Independent Treasury of the United States
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To quickly assess the difficulty of the text, read a short excerpt:
. . . The Secretary thought it advisable to borrow . . . fifty millions of dollars of the banks." ^ The negotiations fell through, however, and the Secretary again advertised for a loan, incurring considerable expense, and offering " liberal inducements to stimulate the effort of corporations and individuals to dispose of their notes." But the effort was only partly successful.
The temporary partial success in 1863 of the attempt to place loans by popular subscription may perhaps be ascribed to... the change that the government made at that time in its financial policy for the management of the war. The inadequacy of the loan policy was seen and steps taken to increase the revenue from taxation." 1 Finance Report, 1864, p. 20.
'■^ See H. C. Adams'.s " Public Debts," pp. 127-131. A table is given there showing the course of the government credit during the war ; its uniformly downward course was temporarily checked towards the end of 1863.
THE MANAGEMENT OF LOANS. I07 The government may be dependent on banks and bankers for the success of its financial measures, even although it does not employ them as agents to sell its bonds.
What to read after The History, Organization And Influence of the Independent Treasury of the United States?
You can find similar books in the "Read Also" column, or choose other free books by David Kinley to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
. . . The Secretary thought it advisable to borrow . . . fifty millions of dollars of the banks." ^ The negotiations fell through, however, and the Secretary again advertised for a loan, incurring considerable expense, and offering " liberal inducements to stimulate the effort of corporations and individuals to dispose of their notes." But the effort was only partly successful.
The temporary partial success in 1863 of the attempt to place loans by popular subscription may perhaps be ascribed to... the change that the government made at that time in its financial policy for the management of the war. The inadequacy of the loan policy was seen and steps taken to increase the revenue from taxation." 1 Finance Report, 1864, p. 20.
'■^ See H. C. Adams'.s " Public Debts," pp. 127-131. A table is given there showing the course of the government credit during the war ; its uniformly downward course was temporarily checked towards the end of 1863.
THE MANAGEMENT OF LOANS. I07 The government may be dependent on banks and bankers for the success of its financial measures, even although it does not employ them as agents to sell its bonds.
What to read after The History, Organization And Influence of the Independent Treasury of the United States?
You can find similar books in the "Read Also" column, or choose other free books by David Kinley to read onlineMoreLess
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