Author: Wesley Clair Mitchell

Publisher: Forgotten Books

Published: 2017-11-18

Total Pages: 136

ISBN-13: 9780331059519

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Excerpt from History of the Legal-Tender Acts: A Dissertation Submitted to the Faculty of the Graduate School of Arts and Literature in Candidacy for the Degree of Philosophy (Department of Political Economy) Convinced by this ill-success that an attempt to negotiate the remaining of the loan would fail, Cobb requested Congress to substitute treasury notes for the bonds and to pledge the public lands unconditionally for their redemption. Further, he asked authority for a new loan of to supply the deficit in the revenues due to the contraction of business.8 Six days after sending this report to Congress Cobb resigned, giving as his reason that Georgia required his services.' Going home, he entered the campaign to persuade his state to secede, and a little later became vice-president of the Confederacy. President Buchanan appointed as Cobb's successor Phili p F. Thomas, of Maryland. Despite the change in secretaries, Congress acted on the second of Cobb's recommendations by authorizing the issue of of one-year treasury notes at par to those bidders who would accept the lowest rates of interest.5 The day after the act was approved. 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.

Download or read book History of the Legal-Tender Acts written by Wesley Clair Mitchell and published by Forgotten Books. This book was released on 2017-11-18 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from History of the Legal-Tender Acts: A Dissertation Submitted to the Faculty of the Graduate School of Arts and Literature in Candidacy for the Degree of Philosophy (Department of Political Economy) Convinced by this ill-success that an attempt to negotiate the remaining of the loan would fail, Cobb requested Congress to substitute treasury notes for the bonds and to pledge the public lands unconditionally for their redemption. Further, he asked authority for a new loan of to supply the deficit in the revenues due to the contraction of business.8 Six days after sending this report to Congress Cobb resigned, giving as his reason that Georgia required his services.' Going home, he entered the campaign to persuade his state to secede, and a little later became vice-president of the Confederacy. President Buchanan appointed as Cobb's successor Phili p F. Thomas, of Maryland. Despite the change in secretaries, Congress acted on the second of Cobb's recommendations by authorizing the issue of of one-year treasury notes at par to those bidders who would accept the lowest rates of interest.5 The day after the act was approved. 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.