Author: Robert TylerPublisher:
ISBN:
Category : Railroads
Languages : en
Pages : 48
Book Description
Is Virginia a Repudiating State? And The State's Guarantee, what is it Worth?
Author: Robert TylerPublisher:
ISBN:
Category : Railroads
Languages : en
Pages : 48
Book Description
Is Virginia a Repudiating State? And The State's Guarantee, what is it Worth?
Author: Robert TylerIs Virginia a Repudiating State? And The State's Guarantee, what is it Worth?;
Author: Robert TylerPublisher:
ISBN: 9780649236503
Category :
Languages : en
Pages : 54
Book Description
Is Virginia a Repudiating State? and the State's Guarantee, What Is It Worth?
Author: Robert TylerPublisher: Forgotten Books
ISBN: 9780366177523
Category : Reference
Languages : en
Pages : 48
Book Description
Excerpt from Is Virginia a Repudiating State? And the State's Guarantee, What Is It Worth?: Being Two Letters by Robert Tyler, Esq. Of Philadelphia, and an Examination by "a Citizen" Of Virginia, of the Decision of the Superior Court of Chancery for the Richmond Circuit, in the Case of the Richmond, Fredericksburg and Potomac Rail Road Company Rail Road Company; that he and many others in Phila delphia had made subscriptions to this then doubtful enterprise, on the solemn pledge given by the Legisla ture of the State, the, nature of which was fully dis cussed and understood at the time, and given only, because without such pledge subscriptions in this or any other market could not have been obtained for the stock, that the work should be protected for the term of thirty years from its completion, against all competition for travel between Richmond and Washington. That notwithstanding this pledge and the published admis sion of the Virginia Central Rail Road Company, (then the Louisa, ) at the time of extending their road from the junction to Richmond, that they would have no right to carry passengers between Richmond and Washing ton, and their then declaration that they had no inten tion to convey such passengers, nevertheless as any one could see by the advertisements in the newspapers and elsewhere, through tickets are now and have been for some time back, sold by this road and the Orange and Alexandria Rail Road, for all travel passing between Richmond and Washington, whether passing merely between these cities or going further North or South; while so far the Richmond, Fredericksburg and Poto mac Rail Road, in which he had become interested on what he supposed the inviolate faith of the State, had entirely failed to obtain of the courts of the State any redress for this grievance, by which the Company had been at great loss, and on account of which its bonds and stock had been depreciated. 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.
The Repudiation of State Debts
Author: William Amasa ScottPublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 362
Book Description
The Presidents of the United States 1789-1905
Author: James Grant WilsonPublisher:
ISBN:
Category : Presidents
Languages : en
Pages : 714
Book Description
The Presidents of the United States 1789-1894
Author: James Grant WilsonPublisher:
ISBN:
Category : Presidents
Languages : en
Pages : 696
Book Description
Nineteenth Century Short Title Catalogue Extracted from the Catalogues of the Bodleian Library, the British Library, the Library of Trinity College (Dublin), the National Library of Scotland, and the University Libraries of Cambridge and Newcastle: Phase 1: 1816-1870. v.15. Fort - Fyv and Indexes for volumes 11-15. v.20. Hor-Hunt, W. R. and Indexes for v. 16-20. v.21. Hunten-Jero. v.22. Jerp-Kief. v.23. Kieg-Lecom. v.24. Lecon-Lorc. v.25. Lord-Maccaul and Indexes for volumes 21-25
Author: The Daily Bond Buyer
Author: In a Bad State
Author: David SchleicherPublisher: Oxford University Press
ISBN: 0197629172
Category : Political Science
Languages : en
Pages : 249
Book Description
An authoritative review of the long history of federal responses to state and local budget crises, from Alexander Hamilton through the COVID-19 pandemic, that reveals what is at stake when a state or city can't pay its debts and provides policy solutions to an intractable American problem. What should the federal government do if a state like Illinois or a city like Chicago can't pay its debts? From Alexander Hamilton's plan to assume state debts to Congress's efforts to respond to the COVID-19 pandemic, many of the most important political disputes in American history have involved federal government responses to state or local fiscal crises. In a Bad State provides the first comprehensive historical and theoretical analysis of how the federal government has addressed subnational debt crises. Tracing the long history of state and local borrowing, David Schleicher argues that federal officials want to achieve three things when a state or city nears default: prevent macroeconomic distress, encourage lending to states and cities to build infrastructure, and avoid creating incentives for reckless future state budgeting. But whether they demand state austerity, permit state defaults, or provide bailouts-and all have been tried-federal officials can only achieve two of these three goals, at best. Rather than imagining that there is a single easy federal solution, Schleicher suggests some ways the federal government could ameliorate the problem by conditioning federal aid on future state fiscal responsibility, spreading losses across governments and interests, and building resilience against crises into federal spending and tax policy. Authoritative and accessible, In a Bad State offers a guide to understanding the pressing fiscal problems that local, state, and federal officials face, and to the policy options they possess for responding to crises.