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Volume: 1 General Books publication date: 2009 Original publication date: 1882 Original Publisher: J.R. Osgood and Company Subjects: United States History / General History / United States / General History / United States / 19th Century Literary Collections / American / General Literary Criticism / American / General Notes: This is a black and white OCR reprint of the original... More

Volume: 1 General Books publication date: 2009 Original publication date: 1882 Original Publisher: J.R. Osgood and Company Subjects: United States History / General History / United States / General History / United States / 19th Century Literary Collections / American / General Literary Criticism / American / General Notes: This is a black and white OCR reprint of the original. It has no illustrations and there may be typos or missing text. When you buy the General Books edition of this book you get free trial access to Million-Books.com where you can select from more than a million books for free. Excerpt: THE SALE OF SURPLUS GOLD. REMARKS MADE IN THE HOUSE OF REPRESENTATIVES, February 18 And March 15, 1864. On the 18th of February, 1864, a joint resolution was reported to the House from the Committee of Ways and Means, authorizing the Secretary of the Treasury from time to time, at his discretion, to sell any gold coin in the treasury over and above the amount which, in his opinion, might be required by the government for the payment of interest on the public debt. Mr. Garfield made the following remarks, the first tl1at he made upon a financial subject in the House of Representatives. MR. SPEAKER, -- I propose to detain the House but a few moments on the question before it, as all I wish is to state, as clearly as possible, the conditions of the proposition as they exist in the resolution. By the present law gold can come into the treasury of the United States through the customs and various other avenues. But there is only one avenue by which it goes out, namely, the payment of the interest on the public debt. There was in the treasury on Saturday last $18,900,000 in gold. It is coming into the treasury at the rate of four or five hundred thousand dollars a day; at the lowest estimate it is four hundred thousand dollars. If this rate continues until the 1st of July next, we shall have $74,107,213. Mr. Boutwell. I wish to ask the gentleman whethe...

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