Annual Report of the Secretary of the Treasury on the State of the FinancesTreasury Department, 1868 - Finance, Public |
From inside the book
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Page i
... condition than they were when the Secretary had the honor to make to Congress his last annual report . Since the first day of November , 1866 , $ 493,990,263 34 of interest - bearing notes , cer- tificates of indebtedness and of ...
... condition than they were when the Secretary had the honor to make to Congress his last annual report . Since the first day of November , 1866 , $ 493,990,263 34 of interest - bearing notes , cer- tificates of indebtedness and of ...
Page v
... condition of the country and the treasury determined the policy of the Secretary , which has been to convert the interest - bearing notes , temporary loans , & c . , into gold - bearing bonds , and to contract the paper circu- lation by ...
... condition of the country and the treasury determined the policy of the Secretary , which has been to convert the interest - bearing notes , temporary loans , & c . , into gold - bearing bonds , and to contract the paper circu- lation by ...
Page vi
... condition to maintain specie payments they will be restored as a necessary consequence . To such a condition of national prosperity as will insure a permanent restoration of the specie standard the following measures are , in the ...
... condition to maintain specie payments they will be restored as a necessary consequence . To such a condition of national prosperity as will insure a permanent restoration of the specie standard the following measures are , in the ...
Page viii
... condition ; it is speculative , feverish , uncertain . Every day that contraction is deferred increases the difficulty of preventing a financial collapse . Prices and credits will not remain as they are . The tide will either recede or ...
... condition ; it is speculative , feverish , uncertain . Every day that contraction is deferred increases the difficulty of preventing a financial collapse . Prices and credits will not remain as they are . The tide will either recede or ...
Page ix
... condition of its in- dustry and trade . In all countries there is just as much money needed as will encourage enterprise , give employment to labor , and furnish the means for a ready exchange of property , and no more . Whenever the ...
... condition of its in- dustry and trade . In all countries there is just as much money needed as will encourage enterprise , give employment to labor , and furnish the means for a ready exchange of property , and no more . Whenever the ...
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Common terms and phrases
&c.—Continued 3d article treaty 4th article treaty accounts act of March aggregate amount annual annum appropriation article treaty June article treaty Oct Auditor beacon boat boiler bonds branch mint building buoys bureau Carolina circulation claims clerks coin coinage collector and inspector commerce Congress custom-house debt deposits depreciated currency Deputy collector disbursing distilled dollars duties ending June 30 engineer estimated expenditures expenses exports Fifth district fiscal year ending Fourth district fractional currency gold harbor HUGH MCCULLOCH hundred increase instalments unappropri interest internal revenue island issue July 17 keeper's dwelling labor Lac la Belle light-house loan manufactures National Bank necessary North Carolina Orleans paid payment pension receipts received redemption repairs river Second district Secretary September 30 statement station statistics steam steamer Third district tion tons Total tower treasury notes Twenty instalments United States notes vessels York
Popular passages
Page 62 - all claims and demands whatever by the United States, or against them, and all accounts whatever in which the United States are concerned, either as debtors or creditors, shall be settled and adjusted in the department of the treasury.
Page lii - States, bearing date March 1, 1864, or any subsequent period, redeemable at the pleasure of the government after any period not less than five years, and payable at "any period not more than forty years from date, in coin...
Page 61 - An act further to amend the several acts for the establishment and regulation of the Treasury, War, and Navy Departments.
Page 262 - Every tax ought to be so contrived as both to take out and to keep out of the pockets of the people as Little as possible, over and above what it brings into the public treasury of the state.
Page 14 - ... nor shall the total amount of United States notes, issued or to be issued, ever exceed four hundred millions of dollars, and such additional sum, not exceeding fifty millions of dollars, as may be temporarily required for the redemption of temporary loan...
Page liv - An act to provide a national currency secured by a pledge of United States bonds, and to provide for the circulation and redemption thereof...
Page xxiii - The millennial days when nations shall beat their swords into ploughshares and their spears into pruning hooks, and learn war no more, are yet, according to all existing indications, far in the future.
Page 145 - An Act to Facilitate the Settlement of the Accounts of the Treasurer of the United States, and to Secure Certain Moneys to the People of the United States, or to Persons to Whom They are Due, and Who are Entitled to Receive the Same.
Page 12 - Government has now arrived at that point where it must have funds, and those funds are not to be obtained from ordinary sources, or from any of the expedients to which we have heretofore had recourse, and therefore, this new, anomalous, and remarkable provision must be resorted to in order to enable the Government to pay off the debt that it now owes, and afford circulation which will be .available for -other purposes.
Page 14 - July, 1862, which is to be set apart as a sinking fund, and the interest of which shall in like manner be applied to the purchase or payment of the public debt as the Secretary of the Treasury shall from time to time direct.