Six Speeches On Financial Reform Classic Reprint

Author : William Sprague
Publisher : Forgotten Books
ISBN 13 : 9780260081643
Total Pages : 20 pages
Book Rating : 4.0/5 (816 download)

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Download or read book The Financial Condition written by William Sprague and published by Forgotten Books. This book was released on 2018-08-09 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from The Financial Condition: Speech of William Sprague in the Senate of the United States, March 15, 1869 It is said that the tariff is the cause of these high prices. I deny it. If you will give to me a system in your Treasury that will let the money out of it at a given rate as fast as it is received, I, for one, will pledge myself to advocate the repeal of all your tariff laws in five years. We ask for nothing in this country, in my judgment, - but the reception of' the revenues upon the market to control capital in the interest of abundance and a lower rate of interest. Give me that, and I will be your strongest advocate for a repeal of, all your tariff acts. We condemn speculators, and gold gamblers, and stock-jobhers. I have been led into that error myself. But, sir, those gentlemen but occupy the position that they have been taught to occupy, and they avail themselves of a perfectly legitimate trade and business. The fault is, that the Congress of the United States, under bad advisers, leave Open the opportunities for money-making in that department, inducing the people of the whole country who have capital to employ their means in those Operations, withdrawing them from the business interes s ofthe l country. Sir, you set the example of speculation when you, in order to create a better value for your legal tenders, make them scarce. What more have Drew, and Fisk, and Gould done and yet you condemn them. What moredid Vanderbilt do, when he convulsed the market in his efforts to place Harlem where he did? You do the same thing exactly, under the sacred sanction of' law and in behalf of a great people. You are a stock-jobber and a gold gambler, as much as any one of them. 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.