Annual Report of the Secretary of the Treasury on the State of the Finances for the Fiscal Year Ended June 30, 1914, with Appendices - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Annual Report of the Secretary of the Treasury on the State of the Finances for the Fiscal Year Ended June 30, 1914, with Appendices write by United States. Congress. House. This book was released on 1915. Annual Report of the Secretary of the Treasury on the State of the Finances for the Fiscal Year Ended June 30, 1914, with Appendices available in PDF, EPUB and Kindle.
Annual Report of the Secretary of the Treasury on the State of the Finances
Annual Report of the Secretary of the Treasury on the State of the Finances - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Annual Report of the Secretary of the Treasury on the State of the Finances write by United States; Dept; Of the Treasury. This book was released on 2015-08-05. Annual Report of the Secretary of the Treasury on the State of the Finances available in PDF, EPUB and Kindle. Excerpt from Annual Report of the Secretary of the Treasury on the State of the Finances: For the Fiscal Year Ended June 30, 1914, With Appendices Sir: I have the honor to make the following report: The European War Crisis. The outbreak of the European war precipitated many grave problems. International credits and exchanges were completely disorganized, ocean transportation was for a time partially paralyzed, the entire business and economic structure in this country was shaken to its foundations, and a catastrophe of calamitous proportions was narrowly averted. It is a tribute to the economic strength and soundness of the country and to the patriotism of its people in every class and walk of life that the shock has been so admirably withstood. A panic of cataclysmic proportions might easily have resulted, and if it had the injury to the country would have been incalculable and many years would have been required to overcome its effects. Through the prompt and effective action of the Treasury Department, and with the cordial and intelligent cooperation of the banking and business interests of the country, the danger has been averted. Confidence has been restored and specie payments have been maintained in the face of the world. At no time since the war broke out has there been, to the knowledge of this department, with the exception of a few isolated cases, a failure on the part of any solvent national bank to honor its checks in currency or money or to meet its obligations. The general revival of business throughout the country is the best evidence that confidence has been restored. Interest rates have come down from the high level to which apprehension had lifted them, restriction of credits has disappeared, foreign exchange has reached a normal basis, and a feeling of optimism pervades the business world. There is every reason why the country should look to the future with confidence so far as its trade, commerce, and industry are concerned. This has been accomplished notwithstanding the fact that the Federal Reserve System authorized by the act of December 23, 1913, was at that time only in process of formation and was therefore unable to render any service in the situation. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com 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.
Annual Report of the Secretary of the Treasury on the State of the Finances
Annual Report of the Secretary of the Treasury on the State of the Finances - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Annual Report of the Secretary of the Treasury on the State of the Finances write by . This book was released on 2015-07-06. Annual Report of the Secretary of the Treasury on the State of the Finances available in PDF, EPUB and Kindle. Excerpt from Annual Report of the Secretary of the Treasury on the State of the Finances: For the Fiscal Year Ended June 30, 1913; With Appendices Sir: The Secretary of the Treasury has the honor to make the following report: Financial Aid To Dayton, Ohio. In the latter part of March, 1913, a great storm swept over the Ohio Valley, causing disastrous floods, from which the city of Dayton, Ohio, became a special sufferer. So serious were the losses, that, as the waters began to recede, the banks in that city were afraid to reopen their doors because of the temporary impairment of confidence - subsequently happily dissipated - in the recuperative powers of the city and in the ability of the banks to meet the extraordinary demands which might be made upon them. On the 4th of April, 1913, a telegram was received from the chairman of the Citizens' Relief Committee, asking that a representative of the Department "be sent right away to see about financing our banking institutions," etc. A national-bank examiner was immediately dispatched to Dayton, and within twenty-four hours after his arrival, and upon his recommendation, the Department designated every national bank in the city of Dayton as a Government depositary, and announced that it would deposit in said national banks $2,000,000 of Government funds, to be secured by State, municipal, or other local bonds acceptable to the Secretary of the Treasury. The effect of this action was to restore confidence at once. The banks reopened their doors, and instead of the anticipated need of $2,000,000, the Treasury was called on for only $182,000. $500,000,000 Emergency Currency Announcement. A special session of Congress convened on April 7, 1913, and immediately began to consider the important questions of tariff and currency reform. The vast economic changes involved in these two important questions had the natural effect of causing in many quarters apprehension as to the possible effects of the anticipated legislation. A feeling of unrest began to pervade business circles. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com 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.
Annual Report of the Secretary of the Treasury on the State of the Finances, for the Fiscal Year Ended June 30, 1918
Annual Report of the Secretary of the Treasury on the State of the Finances, for the Fiscal Year Ended June 30, 1918 - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Annual Report of the Secretary of the Treasury on the State of the Finances, for the Fiscal Year Ended June 30, 1918 write by United States Secretary of the Treasury. This book was released on 2019-01-14. Annual Report of the Secretary of the Treasury on the State of the Finances, for the Fiscal Year Ended June 30, 1918 available in PDF, EPUB and Kindle. Excerpt from Annual Report of the Secretary of the Treasury on the State of the Finances, for the Fiscal Year Ended June 30, 1918: With Appendices If it is assumed that the normal expenditures of the Government for the fiscal years 1917 and 1918 on a peace basis would have been for each year, the cost Of the war up to June 30, 1918, would appear to be as shown in the following table. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com 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.
Annual Report of the Secretary of the Treasury on the State of the Finances
Annual Report of the Secretary of the Treasury on the State of the Finances - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Annual Report of the Secretary of the Treasury on the State of the Finances write by United States Treasury Department. This book was released on 2016-08-13. Annual Report of the Secretary of the Treasury on the State of the Finances available in PDF, EPUB and Kindle. Excerpt from Annual Report of the Secretary of the Treasury on the State of the Finances: For the Fiscal Year Ended June 30, 1917; With Appendices Estimates. Estimated receipts, fiscal year 1918. Estimated disbursements, fiscal year 1918. Postal Service, 1918 Estimated receipts and disbursements, fiscal year 1919 Summary of estimated results to close of fiscal year 1919, beginning with balance in general fund of Treasury June 30, 1917. Estimates fiscal year 1919 as submitted by executive departments Postal Service 1919 Statement of estimates of appropriations for 1919 increased over appropria tions for 1918. Exhibit of appropriations for 1918. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com 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.
