United States Telegraph Extra, Sept.3-Oct.23, 1832
United States Telegraph Extra, Sept.3-Oct.23, 1832
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Author: Books Group
Number of Pages: 162 pages
Published Date: 01 Mar 2012
Publisher: Rarebooksclub.com
Publication Country: Miami Fl, United States
Language: Englishhttps://d39ttiideeq0ys.cloudfront.net/assets/images/book/large/9781/2865/9781286535486.jpg
ISBN: 9781130519754
File Name: United.States.Telegraph.Extra,.Sept.3-Oct.23,.1832.pdf
Download Link: United States Telegraph Extra, Sept.3-Oct.23, 1832
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1832 Excerpt: ...States find no adequate compensation for this perpetual burden on their industry, and drain of their currency. The branch bank at Mobile made last year 95,140 dollars; yet, under the provisions of this act, the State of Alabama can raise no revenue from these profitable operations, because not a share of the stock is held jy any of her citizens. Mississippi and Missouri are in the same condition in relation to the brandies at Natchez and St. Louis; and such, in a greater or less degree, is tlie condition of every western State. The tendency of the plan of taxation which this act proposes, will be to place the whole United States in the same relation to foreign countries which ths western States now bear to the eastern. When, by a tax on resident stockholders, the stock of this bank is made worth ten or fifteen per cent. more to foreigners than to residents: most of it will inevitably leave the country. Thus will this provision, in its practical effect, deprive the eastern as well as the southern and western States of the means of raising arevenue from the extension of business and great profits of this institution. It will make the American people debtors to aliens, in nearly the whole amount due to this bank, and send across the Atlantic from two to five millions of specie every year to pay the bank dividends. In another of its bearings, this provision is fraught with danger. Of the twenty-five directors of this bank, five are chosen by the Government, and twenty by the citizen stockholders. From all voice in these elections, the foreign stockholders are excluded by the charter. In proportion, therefore, as the stock is transferred to foreign holders, the extent of suffrage in the choice of directors is curtailed. Already is almost a third of the stock in ...
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United States Telegraph Extra, Sept.3-Oct.23, 1832 by Books Group
Author: Books Group
Number of Pages: 162 pages
Published Date: 01 Mar 2012
Publisher: Rarebooksclub.com
Publication Country: Miami Fl, United States
Language: Englishhttps://d39ttiideeq0ys.cloudfront.net/assets/images/book/large/9781/2865/9781286535486.jpg
ISBN: 9781130519754
File Name: United.States.Telegraph.Extra,.Sept.3-Oct.23,.1832.pdf
Download Link: United States Telegraph Extra, Sept.3-Oct.23, 1832
---------------------------------------------------------------
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1832 Excerpt: ...States find no adequate compensation for this perpetual burden on their industry, and drain of their currency. The branch bank at Mobile made last year 95,140 dollars; yet, under the provisions of this act, the State of Alabama can raise no revenue from these profitable operations, because not a share of the stock is held jy any of her citizens. Mississippi and Missouri are in the same condition in relation to the brandies at Natchez and St. Louis; and such, in a greater or less degree, is tlie condition of every western State. The tendency of the plan of taxation which this act proposes, will be to place the whole United States in the same relation to foreign countries which ths western States now bear to the eastern. When, by a tax on resident stockholders, the stock of this bank is made worth ten or fifteen per cent. more to foreigners than to residents: most of it will inevitably leave the country. Thus will this provision, in its practical effect, deprive the eastern as well as the southern and western States of the means of raising arevenue from the extension of business and great profits of this institution. It will make the American people debtors to aliens, in nearly the whole amount due to this bank, and send across the Atlantic from two to five millions of specie every year to pay the bank dividends. In another of its bearings, this provision is fraught with danger. Of the twenty-five directors of this bank, five are chosen by the Government, and twenty by the citizen stockholders. From all voice in these elections, the foreign stockholders are excluded by the charter. In proportion, therefore, as the stock is transferred to foreign holders, the extent of suffrage in the choice of directors is curtailed. Already is almost a third of the stock in ...
Read online United States Telegraph Extra, Sept.3-Oct.23, 1832 Buy and read online United States Telegraph Extra, Sept.3-Oct.23, 1832 Download and read United States Telegraph Extra, Sept.3-Oct.23, 1832 ebook, pdf, djvu, epub, mobi, fb2, zip, rar, torrent Download to iPad/iPhone/iOS, B&N nook United States Telegraph Extra, Sept.3-Oct.23, 1832 ebook, pdf, djvu, epub, mobi, fb2, zip, rar, torrent
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