Reports of the secretary of the treasury. To which are prefixed the reports of A. Hamilton on public credit, a national bank [&c.].

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Página 38 - Treasury to digest and prepare plans for the improvement and management of the revenue, and for the support of public credit...
Página 140 - I have the honor to be, very respectfully, Sir, • Your obedient servant, WM. H, CRAWFORD. To the Honorable JOHN W. TAYLOR, Speaker of the House of Representative?. » . r ê Ip obedience to the directions of the " Act supplementary to the act to establish the Treasury Department," the Secretary of the Treasury respectfully submits the following report: 1.
Página 307 - An Act supplementary to the Act for the Indemnification of certain Claimants of Public Lands in the Mississippi Territory
Página 307 - In obedience to the directions of the " Act supplementary to the act, entitled ' An act to establish the Treasury Department," the Secretary of the Treasury respectfully submits the following REPORT AND ESTIMATES.
Página 18 - And be it further enacted, That towards establishing an adequate revenue, to provide for the payment of the. expenses of government; for the punctual payment of the public debt, principal and interest, contracted and to be contracted...
Página 246 - ... military service, including fortifications, ordnance, Indian department, revolutionary and military pensions, arming the militia, and arrearages prior to the 1st of January, 1817, 4,383,71562 ; naval service, including the gradual increase of the navy, 1,776, 989-37; public debt, 3,751,407' 17- The expenditure during the fourth quarter was estimated at 3,894,559 74, viz.
Página 44 - Eminent in its resources and in its example, the national bank will conciliate, aid, and lead, the State banks, in all that is necessary for the restoration of credit, public and private. And, acting upon a compound capital, partly of stock and partly of gold and silver, the national bank will be the ready instrument to enhance the value of the public securities, and to restore the currency of the national coin. 4th. The power of the Government to supply and maintain a paper medium of exchange, will...
Página 24 - That towards establishing an adequate revenue to provide for the payment of the expenses of government ; for the punctual payment of the public debt, principal and interest, contracted and to be contracted, according to the terms of the contracts, respectively : and for creating an adequate sinking fund, gradually to reduce and eventually to extinguish, the public debt contracted and to be contracted...
Página 490 - ... if it remained in the country. It is even probable that the comparative diminution would exceed this ratio. As the demand increased, apprehensions would be excited for the credit of the banks, the exertions produced by that apprehension would correspond with the magnitude of the evil to be avoided, rather than with the positive pressure. This, it is presumed, would be the effect of such an emergency, where banks had not become familiarized with bankruptcy, and were not countenanced by society...
Página 487 - ... United States, during the general suspension, and which now exists in some of the states. This truth has been practically demonstrated by the redemption of the whole of the treasury notes issued during the war, within the short space of about two years after the peace ; whilst a large amount of bank notes, issued during the suspension, are yet unredeemed, and greatly depreciated. There can be no doubt that a metallic currency, connected with a paper circulation, convertible into specie, and not...

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