Excerpt from Report From the Secretary of the Treasury, on the Present System of Keeping and Disbursing the Public Money: December 15, 1834; Referred to the Committee of Ways and Means
But it was considered proper to mention this contingency, in order that its efl'ects, if ever anticipated, may beforehand be duly weighed in the ex amination of the whole subject; and to add, that if this contingency be extended to the whole establishment of State Banks, as well as of the United States Bank, on the possibility that they may all cease to exist, or may refuse to receive and manage the public deposita, (however improbable the occurrence of such an event may be, the fiscal operations of the Gov. Ernment could undoubtedly still precec through the personal agencies before mentioned. It is admitted, however, that it would be at some ia convenience, and some increase of expense, unless remedied in a manner that may hereafter be developed, and would not, in the opinion of this de partment, and in the present condition of things, be so eligible a system as the present one. Because banks, though exposed to some dangers and evils, and though riot believed to be necessary for the fiscal purposes of any Government, and much less oi' one in the present happy financial situation of ours, are frankly acknowledged to be in many respects, a class of agents economical, convenient, and useful.
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Paperback. Zustand: New. Print on Demand. This book explores the debate surrounding the establishment of a national bank in the United States following the expiration of the Second Bank of the United States' charter. The author analyzes the historical context of the debate, examining the arguments for and against a national bank in the early 19th century. Through a detailed study of the financial system and political climate of the time, the author sheds light on the complex interplay between government, banking, and economic development. The book provides valuable insights into the evolution of the American financial system and the ongoing discussion about the role of central banking in a modern economy. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Bestandsnummer des Verkäufers 9781334474606_0
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