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State of the Union

1877--1880

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Published: 1880
Language: English
Wordcount: 34,250 / 111 pg
Flesch-Kincaid Reading Ease: 24.3
LoC Category: J
Downloads: 320
mnybks.net#: 3404
Genre: Politics
Excerpt

he United States to pay their bonded debt in coin. That act was accepted as a pledge of public faith. The Government has derived great benefit from it in the progress thus far made in refunding the public debt at low rates of interest. An adherence to the wise and just policy of an exact observance of the public faith will enable the Government rapidly to reduce the burden of interest on the national debt to an amount exceeding $20,000,000 per annum, and effect an aggregate saving to the United States of more than $300,000,000 before the bonds can be fully paid.

In adapting the new silver coinage to the ordinary uses of currency in the everyday transactions of life and prescribing the quality of legal tender to be assigned to it, a consideration of the first importance should be so to adjust the ratio between the silver and the gold coinage, which now constitutes our specie currency, as to accomplish the desired end of maintaining the circulation of the two metallic currencies and keeping up the volume of

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Author of the Day

Simon Clark
Simon Clark lives in Doncaster, South Yorkshire and his stories have been published in Darklands 2, Dark Voices 5 and The Year's Best Horror Stories. His work has been broadcast on BBC Radio 4 and he has also written some prose for U2. In his latest horror novel, Vampyrrhic, Clark brought horrific viking warriors from long ago to the shores of England in the form of undead vampires. As our Author of the Day, he tells us all about it.
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