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Abridgment of the Debates of Congress, from 1789 to 1856 Volume 5

Abridgment of the Debates of Congress, from 1789 to 1856 Volume 5


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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1857 edition. Excerpt: ... Hudson, and from them only must you expect aid. It is a mistake to suppose the depressed war stock to be in few hands. The original contractors retain, comparatively, but trifling portions of the whole mass. It is widely diffused among these capitalists, and, unless, by some acts of yours, its market value is elevated, it will paralyze all their efforts to afford any aid to your project. The banks, too, are groaning nnder the weight of this depressed stock. They have received it in pledges and in payment It lies useless in their vaults, and clogs even their operations. I have not a doubt of the fact, that from this cause, more than any other, they have been forced to suspend their specie payments. And, I think, nothing is hazarded in saying, that they never will resume them, until this cause shall be removed. If, in peaceful and prosperous times, this bank might present a fair speculation, and obtain ample subscriptions; yet, can it be hoped, that prudent men would venture their fortunes in it, in these times of dismay and peril? Look around, sir. From abroad, Invasion is menaced of every part of your extended coast. Our cities, the great depositories of our surplus wealth, have but feeble assurance of safety, The storms of war are beating on our country from every quarter of the heavens. What is our condition at home? The foul spirit of party sits like a bloated incubus upon the Cabinet, and turns all its counsels to rashness and folly. Like the fabled Gorgon, this foul fiend daily mounts this very Capitol, and scattering the snakes of discord among the people, he calls them, in tones of fury, to civil commotion and bloody violence. The constitution has received deep, perhaps mortal wounds. War, in his iron chariot, is rolling through...


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Product Details
  • ISBN-13: 9781230183978
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 756
  • Spine Width: 38 mm
  • Width: 189 mm
  • ISBN-10: 1230183973
  • Publisher Date: 13 Sep 2013
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 1324 gr


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