Congressional Serial Set, Tema 578

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U.S. Government Printing Office, 1849

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Página 5 - The groves were God's first temples. Ere man learned To hew the shaft, and lay the architrave, And spread the roof above them — ere he framed The lofty vault, to gather and roll back The sound of anthems ; in the darkling wood, Amid the cool and silence, he knelt down, And offered to the Mightiest solemn thanks And supplication.
Página 9 - To the House of Representatives of the United States: I herewith transmit to the House of Representatives a report of the Secretary of State, with accompanying papers,* in answer to its resolution of the 28th of March last.
Página 127 - State have sold is ninety-two eighty-six one-hundredths per cent., or ninety-two dollars and eighty-six one-hundredths for every hundred dollars of stock. This shows that a six per cent, stock, such as is now required, would doubtless have sold at par, and the bill-holder would have received dollar for dollar for the circulation. " Should the country remain at peace, it can not be doubted that the stocks of the United States will be a safe and adequate security. The Comptroller would therefore recommend...
Página 126 - The Legislature shall have no power to pass any act granting any special charter for banking purposes; but corporations or associations may be formed for such purposes under general laws.
Página 127 - ... the community. It is believed to be wholly inadequate for the object intended. " The Comptroller believes that the safest way to make a sound paper currency, is to have at all times ample security for its redemption in the possession of the State. In order to make this security ample, it should be not only sufficient in amount, but should be of such a nature that it may be readily converted into cash without loss.
Página 126 - ... this currency, so far as it consists of paper or credit, is an exclusive privilege granted by the State, and the State should take care that in granting it the people are secured from imposition and loss. Any man may receive deposits, or discount a note, or loan money, or draw a bill of exchange. These, it is admitted, are banking operations. But they are open to all. Those who engage in them enjoy no exclusive privilege. But not so with those who are authorized to issue bank notes to circulate...
Página 43 - ... lakes are subject to any movements corresponding to tidal action. The result of these observations had convinced him that these waters do not rise and fall at stated periods, corresponding to the ebb and flow of the tide, but are subject to extraordinary risings, which are independent of the influence of the sun and moon. These risings attracted the attention of the earliest voyageurs in these regions. Charlevoix, who traversed the lakes nearly a century ago, says, in reference to Lake Ontario,...
Página 126 - But there was an attendant evil th^t in the opinion of many outweighed the good. The practice of granting exclusive privileges to particular individuals invited competition for these legislative favors. They were soon regarded as part of the spoils belonging to the victorious party, and were dealt out as rewards for partisan services. This practice became so shameless and corrupt that it could be endured no longer, and in 1838 the legislature sought a remedy in the general banking law.
Página 113 - ... which occurs about a quarter of a mile to the north, it seems evident that the limestone overlies -the sandstone, although the position of the inclined beds of the more southerly portion of the limestone is at first difficult to explain, since the surrounding country is low and level, and underlaid by sandstone in horizoatal beds.
Página 183 - It is difficult to determine its average thickness, from the fact that, in many places where it is highly developed, it sinks below the waters of the lake, and in other cases, where its base is visible, its top has been partly washed away. There are, however, some places (for example, at the western portion of the Grand Sable) where it may be...

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