Greenbacks, or the Evils and the Remedy of Using Promise to Pay to the Bearer on Demand As a Measure of Value Classic Reprint
Language: English
Published by Forgotten Books, 2018
- Softcover
- New
Seller: PBShop.store US, Wood Dale, IL, U.S.A.PBShop.store US
AbeBooks seller since April 7, 2005
Condition: New
£ 20.98
Quantity: 15 available
Add to basketItem description from seller
New Book. Shipped from UK. Established seller since 2000.
Seller Inventory # LW-9781334426735
- Title
- Greenbacks, or the Evils and the Remedy of Using Promise to Pay to the Bearer on Demand As a Measure of Value Classic Reprint
- Author
- Unknown Author
- Publisher
- Forgotten Books
- Publication year
- 2018
- Condition
- New
- Binding
- PAP
- Language
- English
- ISBN 10
- 1334426732
- ISBN 13
- 9781334426735
- Item weight
- 104 grams
We hold that the practices of men, when they differ from their pro fessions, and are not wrongfully interpreted, are a better index of their opinions than their words.' Following this as a rule. We have been nu able to discover that either the Secretary of the Treasury (whom we hold to be a statesman and a patriot), or the bankers of New York city, Boston, and Philadelphia, were in favor of the Pledge Banking scheme in 1861. Most of those of Wall street, it is true, had previously conformed to it, but only as a necessity imposed by a State law, in the making of which they had no agency they were obliged to conform, or to discon tinne their business of receiving interest on money owed. But those of State and Chestnut streets have neither conformed to it nor adopted it. We, therefore, conclude that these parties did not intentionally impose the Free Banking scheme on the Nation; yet, what they did seems to have culminated in the National Currency Act. Those who will ex amine and consider the present financial condition of the Nation, may possibly find the origin of the present National Pledge Banking scheme in some of the early efforts made by the Government to fill its treasury.
When the rebellion commenced, men, ships, munitions of war, and pro visions were needed for the preservation and protection of our Govern ment. These had to be supplied by patriotism and credit. At that time, the Nation's treasury was empty, or nearly so, and extra efforts had to be made to fill it. Among men, there are two methods of using credit - one by borrowing money and paying for its use, the other by making pur chases to be paid for at some future day, at a price that will compensate for the delay in payment. Governments have no other just methods. At the outbreak of the rebellion, our Government sought means by the first of these, and we think it acted wisely in doing so. It asked for a loan, the amount of which we deem of but little importance, for our object is to consider mainly the principle of action, rather than the details of par ticular acts we, however, shall endeavor to call attention to the differ ent methods that have been adopted to use and sustain the credit of the Government, in the order they have followed each other.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
"Synopsis" may belong to another edition of this title.
PBShop.store US
Wood Dale, IL, U.S.A.
AbeBooks seller since April 7, 2005
Shipping rates within U.S.A.
| Item | 7 to 14 business days | 7 to 14 business days |
|---|---|---|
| First item | £ 0.00 | £ 0.00 |
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We first started out as “The Paperback Exchange,” a chain of physical bookstores where we would part exchange your beloved books for new stories to transport you to faraway places. However, as shopping started to evolve to online shops and marketplaces, we bid our stores goodbye to become “PBShop.” This transition has only allowed us to blossom as we now ship thousands of titles to book lovers across the globe. We pride ourselves in being a community of local book lovers which allows our passion and devotion to shine in everything we do. In 2020 we not only celebrated our 20th birthday but our 1st birthday as being completely employee owned after becoming an E.O.T in September 2019. We are proud to be different and embrace standing apart on a book mountain by working from a virtual inventory which allows us to provide thousands of books that may be difficult to get for your bookshelf or your studies. Working with a number of different suppliers allows us to explore other avenues such as puzzles, sheet music and even stationery so we really do have something for everyone. Life is about being versatile in all realms of existence. If this is your first visit or you are a returning customer, we would like to welcome you to the PBShop family, for there is no friend as loyal as a book. We are a company who put our customers at the centre of everything we do as we understand the importance of reading because once you learn to read, you will forever be free. There are a whole lot of things in this world of ours that we are yet to explore, which is why we will forever inspire curious minds.…
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