Two Letters to the Hon. S. P. Chase, Secretary of the Treasury, from James Gallatin, Esq., of New York (Classic Reprint)

Two Letters to the Hon. S. P. Chase, Secretary of the Treasury, from James Gallatin, Esq., of New York (Classic Reprint)

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Excerpt from Two Letters to the Hon. S. P. Chase, Secretary of the Treasury, From James Gallatin, Esq., Of New York Banks are only dealers in money, and their power of making loans is limited by the condition of the money markets of the world: they require quick returns of ready money, to meet current demands; and while they have the opportunity of dealing in government securities, as agents between the government and the people, they can dispose of any amount of loans which this or other countries will absorb, but to load them with loans which they cannot dispose of, would force their specie from them, turn the exchanges against the country, cause a suspension of specie payments. 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 | 172 pages
  • 152 x 229 x 9mm | 236g
  • Forgotten Books
  • United States
  • English
  • , black & white illustrations
  • 0243088108
  • 9780243088102