Items related to Speech of Mr. Rives, of Virginia: In Support of the...

Speech of Mr. Rives, of Virginia: In Support of the Bill Introduced by Him Designating the Funds Receivable in Payment of the Public Revenue, and in ... to the Sub-Treasury Scheme (Classic Reprint) - Softcover

William C. Rives

 
9781331633808: Speech of Mr. Rives, of Virginia: In Support of the Bill Introduced by Him Designating the Funds Receivable in Payment of the Public Revenue, and in ... to the Sub-Treasury Scheme (Classic Reprint)

Synopsis

A statesman argues for restoring coin payments and a stable currency, outlining a practical plan and stern warnings about centralized banking.

This edition presents the speech in which William C. Rives defends and adapts a currency reform plan. It frames why the government should favor specie or bank-notes convertible to specie for all public revenue, and why it opposes the Sub-Treasury style. The talk balances a detailed policy proposal with reflections on national finance, public trust, and the constitutional questions of money.

Readers will see a persuasive, historical argument about currency stability, confidence, and the role of banks and state institutions in shaping economic policy. The speaker lays out modifications to a prior bill, aims for early resumption of specie payments, and argues for coordinated action by Congress and the states.

  • Explanation of why public dues should be paid in gold, silver, or notes of specie-paying banks, with safeguards for small denominations.
  • Proposals to set a fixed date for resuming specie payments and incentives for banks to meet it.
  • A comparison of different banking systems and a call for coordinated, state‑level support to stabilize the currency.

Ideal for readers of early American economic policy, congressional debates, and the history of money in the United States.

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