A RESOURCE OF WAR-THE CREDIT OF THE GOVERNMENT THE SUB-COMMITTEE OF WAYS AND MEANS, AT THE TIME In such a nation as this, there is one and only one RESOURCE for loans sufficient to carry "That in the interval between war and war, all the outstanding paper should be called in BUFFALO : EXPRESS PRINTING COMPANY, 14 EAST SWAN STREET, Econ 4618.61 HARVARD COLLEGE LIBRARY 1874, April 28. Hon. Chas. Sumner, 7 Boston. (HU. 1820. INDEX. Introduction, No National Currency at commencement of War, Legal Tender act a War measure, Loan of $150,000,000 by the Associated Banks, Legal Tender bill introduced by Mr. Spaulding, The Press in New York opposed to the act, Meeting of Bank Delegates in Washington to oppose the bill, Secretary Chase modifies their plan, Letters of M. H. Grinell, L. F. Allen and Mr. Ganson, - Letter of Secretary Chase, January 22, 1862, National Intelligencer, Col. Seaton, etc., Mr. Spaulding's opening Speech on the bill, Value of the Real and Personal property, $16,159,616,068, iv Mr. Corning's resolution asking opinion of Secretary Chase, 45 45 46 Letters of John A. Stevens, George Opdyke and R. Morris, 47 48-49 51-52 Mr. Vallandigham's Speech, 52 Mr. Hooper's Speech, 54-55 Mr. Roscoe Conkling, Mr. Morrill, Stevens and Spaulding, 57-58 Mr. Alley, of Massachusetts, in favor of the bill, Proceedings on the day the bill passed the House, 66 68-69 Confusion and excitement on taking vote, The substitute of Mr. Morrill, Conkling and others lost, Copy of bill as passed the House February 6, 1862, George Dawson's letter to Albany Journal, Proceedings in Senate on the bill, $10,000,000 demand notes for temporary relief, Senate Finance Committee propose amendments, Mr. Fessenden's opening Speech, Speeches by Cowan, Doolittle, Simmons, Bayard, Letter of J. W. Simonton on the origin of legal tender act, Speeches by Pomeroy, Calvert, Morrill, Dunn, English, Speeches by Hooper and Stevens close debate on amendments, - Conference Committee-bill passed, Copy of legal tender act, February 25, '62, Samuel Wilkeson's letter to N. Y. Tribune, Certificates of indebtedness, $60,000,000 more legal tender declared, Secretary Chase asks for small bills less than $5, Mr. Colfax's Speech and Mr. Stevens', Postage Stamps and Fractional Currency, Bank bill again recommended by Secretary Chase, Particulars of the National Debt, Jan. 2, 1863, Constitutionality of State Banks, Interest-bearing Treasury Notes, 125-126 - 127 133-138 - 139-140 140-141 Secretary Chase's special letter on Bank bill, Special resolution passed to pay Soldiers, President Lincoln's Special Message on the resolution, - 183 The right to convert notes into bonds at par abrogated, Jay Cook negotiates $500,000,000 of 5-20 bonds, 187-188 - 188 189 Mistake of the Secretary in not continuing funding, Mr. Spaulding's two letters to Morris Ketchum on the subject, - 189 190 |