Front Cover

Selected pages


Other editions - View all

Common terms and phrases

Popular passages

Page 122 - No senator or representative shall, during* the time for which he shall have been elected, be appointed to any civil office of profit under this state, which shall have been created, or the emoluments of which shall have been increased, during such term, except such offices as may be filled by elections by the people.
Page 166 - The effects of an extension of bank credits and overissues of bank paper have been strikingly illustrated in the sales of the public lands. From the returns made by the various registers and receivers in the early part of last summer it was perceived that the receipts arising from the sales of the public lands were increasing to an unprecedented amount.
Page 51 - That a committee of two on the part of the senate and three on the part of the...
Page 146 - Dunning moved the previous question, which was seconded, and on the question, shall the main question be now put? it was decided in the affirmative.
Page 29 - The SPEAKER OF THE HOUSE OF REPRESENTATIVES. SIR: In compliance with the resolution of the House of Representatives...
Page 167 - ... beyond their immediate means of payment, and were rapidly increasing. Indeed, each speculation furnished means for another; for no sooner had one individual or company paid in the notes than they were immediately lent to another for a like purpose, and the banks were extending their business and their issues so largely as to alarm considerate men and render it doubtful whether these bank credits if permitted to accumulate would ultimately be of the least value to the Government.
Page 6 - At the time the President of the United States assumed the responsibility of ordering the public money to be removed from their legal deposit in the Bank of the United States, for the purpose, as he avowed, of preventing the re-charter of that institution by Congress, there never was a sounder currency, or a more healthy state of things in any government in the world.
Page 166 - The deposits of the public money will enable you to afford increased facilities to commerce, and to extend your accommodation to individuals. And as the duties which are payable to the Government arise from the business and enterprise of the merchants engaged in foreign trade, it is but reasonable that they should be preferred in the additional accommodation which the public...
Page 165 - The State banks can, I have no doubt, furnish a general circulating medium, quite as uniform in value as that which has been afforded by the Bank of the United States — probably more so...
Page 165 - Since the last adjournment of Congress the Secretary of the Treasury has directed the money of the United States to be deposited in certain State banks designated by him, and he will immediately lay before you his reasons for this direction.

Bibliographic information