Speech On The Subject Of The Re Charter Of The United States Bank And The Restoration Of The Deposites

Author : Thomas McKean Thompson McKennan
Publisher : Forgotten Books
ISBN 13 : 9780656205271
Total Pages : 30 pages
Book Rating : 4.2/5 (52 download)

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Download or read book Speech of Mr. Th; M. T. McKennan, on the Subject of the Bank, and the Removal of the Deposites written by Thomas McKean Thompson McKennan and published by Forgotten Books. This book was released on 2018-02-09 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Speech of Mr. Th; M. T. McKennan, on the Subject of the Bank, and the Removal of the Deposites: Delivered in the House of Representatives on the 23d and 29th April, 1834 All the evils arising from such a state of things were remedied and removed through the benign and salutary influence of the Bank of the United States. Those local institutions which were based upon a false and fraudulent found ation were crippled and destroyed, and those' which were conducted upon fair and correct principles were aided encouraged, and st1engthened by the United States 'bank. Between it and the solvent State banks the most amicable rellations were established; and, by their mutual efforts, the currency was purified 'and improved; a sound circulating medium was substituted in room of the miserable deprec1ated trash which had overrun the country; and ex changes were so regulated as to furnish all the facilities of the transmission of funds, from Louisiana to Maine, at the most trifling cost. Since that period, and until the 'exterminating war which has been commenced and carried on against this institution, the system of internal exchanges has p s'wered all the purposes of the tralfiing The State of Pennsylvania experienced and fully appreciated the important advantages derived from this institution; and so fully impressed was her Legislature of the importance of the continuance of these advantages, that, two years since, they almost unanimously passed resolutions urging upon Congress the necessity of a Speedy recharter of the Bank of the United States, as a means of promoting the prosperity of agriculture and manufac tures, and of continuing a sound currency. These resolutions, which are not long, I beg leave to read to the House. They speak the sentiments of the people of Pennsylvania on the subject of the American system in general, (which, according to the language of the official paper, is in its last agonies, under the blow of the Hero whom they have aided m elevating into power, ) and more particularly in relation to the hydra-headed monster upon whose neck his friends here beast that the Executive has put his foot. 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.