 | American periodicals - 1863 - 774 pages
...permanent system are, 1st, the facility of excessive expansion when expenditures exceed revenue ; 2d, the danger of lavish and corrupt expenditure, stimulated by facility of expansion; '3d, the danger of fraud in management and supervision; 4th, the impossibility of providing it in sufficient... | |
 | Robert John Walker - Finance - 1864 - 406 pages
...permanent " system are, 1st, the facility of excessive expansion when expen" dit lives exceed revenue ; 2d, the danger of lavish and corrupt " expenditure, stimulated by facility of expansion ; 3d, the dan" ger of fraud in management and supervision ; 4th, the impossi" bility of providing it... | |
 | L. Bonnefoux - Currency question - 1864 - 778 pages
...thus stated by him : " (1.) The facility of excessive expansion when expenditures exceed revenue. (2.) The danger of lavish and corrupt expenditure stimulated by facility of expansion. (3.) The danger of fraud in management and ftnpervision. (4.) The impossibility of providing it in... | |
 | United States. Department of the Treasury - Finance, Public - 1875 - 926 pages
...thus stated by him : " (1) The facility of excessive expansion when expenditures exceed revenue ; (2) The danger of lavish and corrupt expenditure, stimulated by facility of expansion ; (3) The danger of fraud iu management and supervision; (4) The impossibility of providing it in sufficient... | |
 | United States. Congress. House - United States - 1876 - 982 pages
...thus stated by him : " (1) The facility of excessive expansion when expenditures exceed revenue ; (2) The danger of lavish and corrupt expenditure, stimulated by facility of expansion ; (3) The danger of fraud iu aianagenieut and supervision; (4) The impossibility of providing it iu... | |
 | John Sherman - Currency question - 1879 - 664 pages
...a permanent system are: 1, the facility of excessive expansion when expenditures exceed revenue; 2, the danger of lavish and corrupt expenditure, stimulated by facility of expansion ; 3, the danger of fraud in management and supervision; 4, the impossibility of providing it in sufficient... | |
 | Henry Reed (of Cincinnati.) - Debts, Public - 1863 - 72 pages
...circulation to be : " 1. The facility of excessive expansion (15) when expenditures exceed revenue ; 2. The danger of lavish and corrupt expenditure, stimulated by facility of expansion ; 3. The danger of fraud in management and supervision ; 4. The impossibility of providing it in sufficient... | |
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The principal objections to the latter circulation, as a permanent system, were thus stated by him : " (1) The facility of excessive expansion when expenditures exceed revenue ; (2) The danger of lavish and corrupt expenditure, stimulated by facility... 