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A New Financial Scheme

A New Financial Scheme image
Parent Issue
Day
6
Month
May
Year
1864
Copyright
Public Domain
OCR Text

-The N Y. Evenivq Post ; the followiug: Fnr sotne ilays past tfie plan lias been earnestly dieussed in Wull slreet of gradual I V replacing the five per e;nt legal tenders - to the inÜating eflec ai vyhich on the oiir.reney the piosont derunireinent of prices, ind the rapid ndvaneo iii ihe priüiiinra on go isliiraely nttriluited - liv treasury note-, not leifal tender, hearing interest at six per cent, oí", t' nei:esí,iry. t beven per cent, paynhle seirn-annually It is nig'.'d ihiit iiy ispuing a three year sevon per cent securitv, interest and principal puyable in enrreney, the present uront wttílts of tlie treasury conld bf iu}t, w.hilo the objectionahlo five per cents could K'"il'iJii'ly bo withdrawn ir ín círculatioir. WiíaI BTbcomíéh of the Gold ? - On Raturday last, three steame''s left Nev I York, the tn, cari-yin eut $375,000 in jo!d, the Virginia, $400,000, (he Saxony, $210,000, in al', 11,985,000.

Article

Subjects
Old News
Michigan Argus