Annual Report of the Secretary of the Treasury on the State of the FinancesTreasury Department, 1868 - Finance, Public |
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Page iv
... stable basis , was unsteady and speculative ; and great financial troubles , the usual result of expensive wars , seemed to be almost inevi- table . It was under such circumstances that the work IV REPORT OF THE SECRETARY OF THE TREASURY .
... stable basis , was unsteady and speculative ; and great financial troubles , the usual result of expensive wars , seemed to be almost inevi- table . It was under such circumstances that the work IV REPORT OF THE SECRETARY OF THE TREASURY .
Page v
... result upon the whole has been satisfactory to the Secretary , and , as he believes , to a large majority of the people . Since the first day of September , 1865 , the temporary loans , the certificates of indebtedness , and the five ...
... result upon the whole has been satisfactory to the Secretary , and , as he believes , to a large majority of the people . Since the first day of September , 1865 , the temporary loans , the certificates of indebtedness , and the five ...
Page ix
... results upon industry and production . Thus , coin is not only the regulator of commerce , but the great stimulator of industry and enterprise . The same may be said of a convertible paper currency , which by being convertible will not ...
... results upon industry and production . Thus , coin is not only the regulator of commerce , but the great stimulator of industry and enterprise . The same may be said of a convertible paper currency , which by being convertible will not ...
Page x
... result of an increased demand , was apparent only and unreal . The same cause is sustaining prices at the present time , and will continue to do so as long as the cause exists , but the advantages resulting from it are merely imaginary ...
... result of an increased demand , was apparent only and unreal . The same cause is sustaining prices at the present time , and will continue to do so as long as the cause exists , but the advantages resulting from it are merely imaginary ...
Page xii
... resulting from the curtail- ment of mercantile credits . That money is in demand , and is commanding full rates of interest , is true , but this does not indicate a scarcity of it . The rates of interest in England and France have ...
... resulting from the curtail- ment of mercantile credits . That money is in demand , and is commanding full rates of interest , is true , but this does not indicate a scarcity of it . The rates of interest in England and France have ...
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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.