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The Daily Dispatch: June 10, 1864., [Electronic resource], A Review of the financial operations and condition of the North. (search)
prepare the way far an early return to specie payments. By April 12, four and a half months later, how the account stands with him I shall state to you somewhat in detail. His issues of Government currency have been steadily enlarged, month by month, in the following rate of progression. They were, on the day of his report-- December 1$453,290,000 January 1488,300,000 February 1500,700,000 March 1544,600,000 April 1620,900,000 and at the date of his last report April 12680,660,000 I omit the fractions under hundreds of thousands. The expansion has been at the rate of nearly $50,000,000 a month. on the same day gold had reached in the regular market to 175, against repressive measures to be noted. In the course of a few hours that day, under a stimulus thrown into the market by some eccentric movement of the Secretary and his friends, it went up, touching 190, and suddenly subsided; but, under all circumstances, it has not been down so low by tw
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