Publisher description
Excerpt from An Appeal to the Common Sense of the PeopleNotwithstanding the great benefits thus conferred by the national banks, the leaders of the Democracy say that they must be de stroyed; that Congress had no constitutional right to establish them; that this right belongs only to the States, and that banks under the laws of the State only should be established. Hundreds of our people have a vivid recollection of the old State-rights banks brought into existence after the destruction of the United States Bank, during the administration of General Jackson. Their notes had only a local circulation, and men going from one State to another, and often from one county to another, could not pass them except at a discount! And when these State-rights banks broke, as they often did. It was at the loss of the unfortunate bill holder. How different from the national-bank notes, which now (thanks to Republican legislation) are at par in all the great com mercial marts of the world! Do the people wish to go back to the old State-rights banks? If so, let them place the solid South again in power.The Republicans say that the honor of the nation must be maintained by the payment of our national debt. A recent report from the Treasury Department shows that the expenditure growing out of the. Democratic rebellion amounted to This, however, is but dross when contrasted with the loss of huno dreds of thousands of lives and the suffering and anguish of the hundreds of thousands of widows and orphans caused by the rebellion.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis 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
More books by John Dougherty Defrees
Similar books
Rate the book
Write a review and share your opinion with others. Try to focus on the content of the book. Read our instructions for further information.
An Appeal to the Common Sense of the People
Book reviews » An Appeal to the Common Sense of the People (Classic Reprint)
|
|
 |
|
|
|
|
