The currency question.

This question, upon which are hinged so many vital interests, is now fairly before Congress, the special committee to whom the question was referred in the House of Representatives having submitted their report. As this report was received and read in secret session, of course very little is known to the public of its provisions. This much we have learned, however, that the scheme of the committee is embraced in two separate bills — the one providing for the final disposition of the existing currency, and the other proposing a scheme of taxation upon which to base the new system to be inaugurated.

As stated, we have little knowledge of the provisions of either of these bills, but have some indirect information that the first contemplates a rapid and complete absorption of the present circulation by a judicious system of funding. Of the latter, we may confidently predict that the taxes will be piled on heavily enough to give satisfaction to the most liberal and patriotic supporter of the Government.

Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 3.0 United States License.

An XML version of this text is available for download, with the additional restriction that you offer Perseus any modifications you make. Perseus provides credit for all accepted changes, storing new additions in a versioning system.

hide Places (automatically extracted)

View a map of the most frequently mentioned places in this document.

hide Display Preferences
Greek Display:
Arabic Display:
View by Default:
Browse Bar: