Executive and Legislative Documents

Executive and Legislative Documents : Extra Session's 1863-'64 (Classic Reprint)

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Excerpt from Executive and Legislative Documents: Extra Session's 1863-'64 The primary quality of these issues, making them fundable at the pleasure of the holder, without limitation of time, in bonds bearing a high rate of interest, had tended much to give them currency, but the vast amount of issues had already greatly depreciated that value, so that supplies could only be bought with them at extravagant prices, and these prices were likely to be greatly augmented as the redundancy of currency increased, whereby the issues would soon become so great that it would be impossible that the government could pay them; and consequently public confidence in them would be lost. The evil was the redundancy of the currency and the high rate of interest, and consequently, if any remedy could be devised, it must necessarily be sought in a diminu tion of the currency and a reduction of the rate of interest. 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.show more

Product details

  • Paperback | 520 pages
  • 152 x 229 x 27mm | 689g
  • Forgotten Books
  • United States
  • English
  • , black & white illustrations
  • 024319319X
  • 9780243193196