Objections Legal And Practical To Our National Currency System

Author : Francis A. Brooks
Publisher :
ISBN 13 : 9781331303091
Total Pages : 68 pages
Book Rating : 4.3/5 (3 download)

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Download or read book Objections Legal and Practical to Our National Currency System (Classic Reprint) written by Francis A. Brooks and published by . This book was released on 2015-07-13 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Objections Legal and Practical to Our National Currency System At and before the time of the adoption of the Constitution, the circulating medium of this country consisted of coins produced by mints of foreign countries, and of the notes of three banking institutions. Only three such hanks then existed, one at Philadelphia, one at New York, and one at Boston. The amount or aggregate capital of these three hanks was $1,650,000. The control of the currency was, of course, lodged in the people of the respective States. Soon after the adoption of the Constitution the relation of the Federal government to the currency become one of the chief subjects of political discussion and controversy, and so continued for a period of more than fifty years. During most of that time the two great political parties were at issue with each other upon the question of a National Bank chartered by the United States. 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.