Money And Banking Illustr By American History PDF Download

Excerpt from Money and Banking: Illustrated by American History This ironbound currency would have come to a timely end by the payment of the national debt had not its adherents devised a scheme for extending, for some thirty years, $600, of bonds maturing in 1904, 1907, and 1908, thus putting an unnecessary burden of interest on the taxpayers and preventing the government from using its surplus to pay its debts. The existence of a growing surplus without such an outlet is a prolific source of demoralization, leading to ruinous extravagance in public expenditures. This is so grave a menace that one of the greatest blessings to the country possible at the present time would be a Treasury deficit. This blessing we are likely to find soon. 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.