2009, ISBN: 0217070434, Lieferbar binnen 4-6 Wochen

Internationaler Buchtitel. In englischer Sprache. Verlag: Cambridge Scholars Publishing, 416 Seiten, L=152mm, B=229mm, H=24mm, Gew.=608gr, Kartoniert/Broschiert, Klappentext: Purchase of … More...

Internationaler Buchtitel. In englischer Sprache. Verlag: Cambridge Scholars Publishing, 416 Seiten, L=152mm, B=229mm, H=24mm, Gew.=608gr, Kartoniert/Broschiert, Klappentext: Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: III. TEN YEARS OF STATE FINANCE THE public finance of early Illinois introduces the student to a strange world, in which currency normally circulates at a score of different discounts from par, in which banks are organized to loan money on the state's credit to hard-pressed citizens, and in which the state derives but a small portion of its little revenue from the taxation of its own citizens. Illinois state finances, while not expressed in sufficiently great sums to be impressive, are sufficiently bizarre to be interesting. As an introduction to the public finance of the state it will be necessary first to consider the currency and private finance. The currency in circulation in Illinois for the first years of ks majority was emphatically of an opera bouffe character. Not merely did the notes composing it pass at a discount; they passed at forty different discounts, varying with the reputation, of the banks from which they issued or purported to issue. Some were issued by solvent banks, some by specie paying banks, some were issued by banks that had failed, some were counterfeit notes of existing banks and others of purely fictitious ones. Of the notes in circulation, a few were issued by New England banks, a few came from western New York, more came from Pennsylvania and the District of Columbia, still more from the banks of Ohio and of the south, in particular Tennessee and Kentucky. Local notes composed but a small fraction of the total, and notes of the Bank of the United States were very rare. In great measure the uncertainty of the note issues in circulation was due to the course of western trade. Illinois was poor; her agricultural products were her main source of wealth; and these, poured down the Mississippi in such quantities as to glut the markets of New Orlea...<

ISBN: 9780217070430

[ED: Softcover], [PU: Cambridge Scholars Publishing], Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This… More...

[ED: Softcover], [PU: Cambridge Scholars Publishing], Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: III. TEN YEARS OF STATE FINANCE THE public finance of early Illinois introduces the student to a strange world, in which currency normally circulates at a score of different discounts from par, in which banks are organized to loan money on the state's credit to hard-pressed citizens, and in which the state derives but a small portion of its little revenue from the taxation of its own citizens. Illinois state finances, while not expressed in sufficiently great sums to be impressive, are sufficiently bizarre to be interesting. As an introduction to the public finance of the state it will be necessary first to consider the currency and private finance. The currency in circulation in Illinois for the first years of ks majority was emphatically of an opera bouffe character. Not merely did the notes composing it pass at a discount they passed at forty different discounts, varying with the reputation, of the banks from which they issued or purported to issue. Some were issued by solvent banks, some by specie paying banks, some were issued by banks that had failed, some were counterfeit notes of existing banks and others of purely fictitious ones. Of the notes in circulation, a few were issued by New England banks, a few came from western New York, more came from Pennsylvania and the District of Columbia, still more from the banks of Ohio and of the south, in particular Tennessee and Kentucky. Local notes composed but a small fraction of the total, and notes of the Bank of the United States were very rare. In great measure the uncertainty of the note issues in circulation was due to the course of western trade. Illinois was poor her agricultural products were her main source of wealth and these, poured down the Mississippi in such quantities as to glut the markets of New Orlea...Versandfertig in 6-10 Tagen, [SC: 0.00]<

ISBN: 9780217070430

The Centennial History of Illinois Vol. 2 Author :Clarence Walworth Alvord Illinois. Centennial Commission 9780217070430 0217070434