Treasury Report Reveals War Financing and Currency Plans
The report outlines loans totaling up to 250 million dollars and bonds, Treasury notes, and on demand notes to fund the war. It analyzes customs, land receipts, and added appropriations, urging retrenchment and possible seizure of rebel property, plus reforms to bank currency and a mixed plan for a national note system.
MENTIONED IN THIS ARTICLE
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Ilucaea
Pe Pp
Maover
Peerien
Ps Uly
Advanta
National currency plan amid war needs and credit spread
The secretary supports issuing secured notes to broaden circulation, reduce interest costs, and avoid a money monopoly. He argues that a national currency, equal in value across states, would form a stable base for payments and loans, with existing specie reserves sufficient to cover exchanges.
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Department
Congress
Treasury
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Philadelphia
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Neral
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London Star on Mason Slidell Arrest Analyzes Right
The London Star remarks the arrest of Mason and Slidell was anticipated on this side of the Atlantic. It notes Federal ships watched the mail steamer intending to seize the commissioners. The Crown law officers reportedly find the US government action legally justified despite diplomatic friction.
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