Report of the Union Committee Appointed by the Meeting of the Signers of the Memorial to Congress, Held on the 11th Day of February, 1834, at the Merchants Exchange, in the City of New-York (Classic Reprint)
Liczba stron: 38
Wydanie: 2015 r.
Excerpt from Report of the Union Committee Appointed by the Meeting of the Signers of the Memorial to Congress, Held on the 11th Day of February, 1834, at the Merchants Exchange, in the City of New-York<br><br>The city of new-york has had no reason to complain of the curtailments made here in its discounts by the Bank of the United States. Notwithstanding a decrease of more than four millions of dollars in the amount of the public and private deposites in the new-york Branch since the first of August last, the loans and discounts here do not vary essentially from the amount allowed, either on the first of August or the first of October, 1833. But it was presumed that the same reasons which had induced the Bank to strengthen this important place, had lost nothing of their force; and it was the opinion of the Committee that the capital of two millions and a half, originally assigned to the Branch of this city, which is but one-fourteenth part of the whole capital of the Bank, was much less than is now due to the principal centre of the commerce and moneyed trans actions of the country. Strong representations were there? Fore made for the purpose of obtaining from the Bank positive assurances, that no diminution at least of their discounts, or in the purchase of bills of exchange, should take place in this city, and that the forbearance in calling for balances due by the city banks, should be continued to the same extent as hereto fore, during the two ensuing months.<br><br>About the Publisher<br><br>Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com<br><br>This 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.