The National Debt, Taxation, Currency, and Banking System of the United States
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Partner: | buecher.de |
Hersteller: | Forgotten Books (Gallatin, James) |
Stand: | 2015-08-04 03:50:33 |
Produktbeschreibung
Excerpt from The National Debt, Taxation, Currency, and Banking System of the United States: With Some Remarks on the Report of the Secretary of the Treasury The annual report of the Secretary of the Treasury, dated December 10th, 1863, embraces statements of debt and disbursement far surpassing in magnitude the financial transactions of any nation, for the same period, in modern times. Only in the traditions of the ante-historic era do we find a parallel to the stupendous volume of national expenditure now witnessed at Washington. The nearest approach to it during the present era is recorded by Mr. Allison, in his "History of Europe," who states that the expenditures of the British nation, during 1815, the last year of their great struggle with the first Napoleon, reached the sum of £111,000,000 sterling, about £38,000,000 of which was raised by loans, and £11,035,232 of it was paid in subsidies to other nations. In our own case the disbursements of the fiscal year, 1863, were $714,709,995, of which $590,266,682 was provided for by the issue of paper money or loans. The estimates for 1864 amount to $751,815,088, of which $544,978,548 is to be provided for by loans. 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.
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