The first section of the bill providing for the sale of bonds for payment of the July interest was taken up and considered: several amendments were proposed by Messrs. Kitchell, Henderson2Open page and Lincoln, and a lengthy debate took place on the question whether bonds should be sold at par value only, or whether they should be sold at such value as they might bear in the money market. Messrs Lincoln, McClearnand, Peck, and Brown,3Open page of Vermilion, contended that to restrict them to be sold at par value only, was tantamount to prohibiting their sale, and would, therefore, defeat the whole object of the bill, and amount to an entire abandonment of the good faith of the State. . . .
Collected Works of Abraham Lincoln. Volume 1 [1824-Aug. 28, 1848].
About this Item
- Title
- Collected Works of Abraham Lincoln. Volume 1 [1824-Aug. 28, 1848].
- Author
- Lincoln, Abraham, 1809-1865.
- Publication
- New Brunswick, N.J.: Rutgers University Press
- 1953.
- Rights/Permissions
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The University of Michigan Library provides access to these materials for educational and research purposes, with permission from their copyright holder. If you decide to use any of these materials, you are responsible for making your own legal assessment and securing any necessary permission.
- Cite this Item
-
"Collected Works of Abraham Lincoln. Volume 1 [1824-Aug. 28, 1848]." In the digital collection Collected Works of Abraham Lincoln. https://name.umdl.umich.edu/lincoln1. University of Michigan Library Digital Collections. Accessed April 18, 2024.
Pages
February 15, 1841