Financial History of the United States: Fiscal, Monetary, Banking, and Tariff, Including Financial Administration and State and Local Finance, Volume 2McGraw-Hill, 1963 - 605 pages |
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Page 16
... Land Bank was formed . Its capital was £ 150 , - 000. Subscribers obtained bank notes by mortgaging land at 3 per cent interest with the principal amortized at 5 per cent annually in notes , manu- factured goods , or agricultural ...
... Land Bank was formed . Its capital was £ 150 , - 000. Subscribers obtained bank notes by mortgaging land at 3 per cent interest with the principal amortized at 5 per cent annually in notes , manu- factured goods , or agricultural ...
Page 91
... land policy or the distribution of the proceeds of land sales among the states , while free traders favored economy and nontariff sources of revenue . They tended to oppose Federal internal improvements , liberal pensions , free land ...
... land policy or the distribution of the proceeds of land sales among the states , while free traders favored economy and nontariff sources of revenue . They tended to oppose Federal internal improvements , liberal pensions , free land ...
Page 99
... land speculation , resulted in a phenomenal increase in the revenue from the sale of public lands . By the Act of 1820 public lands had to be paid for in cash , which in- cluded notes issued by specie - paying banks . Since loans were ...
... land speculation , resulted in a phenomenal increase in the revenue from the sale of public lands . By the Act of 1820 public lands had to be paid for in cash , which in- cluded notes issued by specie - paying banks . Since loans were ...
Other editions - View all
Financial History of the United States: Fiscal, Monetary, Banking, and ... Paul Studenski,Herman Edward Krooss No preview available - 2011 |
Financial History of the United States: Fiscal, Monetary, Banking, and ... Paul Studenski,Herman Edward Krooss No preview available - 2011 |
Common terms and phrases
addition administration American Annual Report balance bank notes bank reserves bankers banking system became began bill Bland-Allison Act Board borrowing budget capital cash certificates circulation cities Civil coin colonies commercial banks Committee Comptroller Congress corporate cost currency declined deficit demand deposits depression duties economic established estimated excises expansion export Federal government Federal Reserve Federal Reserve Act Federal Reserve Board Federal Reserve System finance fiscal policy foreign funds gold standard government bonds greenbacks important imposed income tax increased inflation interest rates investment issue June land levied loans member banks ment monetary monetary policy money market money supply municipal National Bank Act national banks operations paper money payments pensions period President proposed purchase receipts recommended redeem reduced refunding repealed retirement revenue Secretary securities Senate silver sold specie spending surplus tariff taxation tion Treasury notes Treasury's United veto York