Gray, William H., 1810-1889 to Justin Morrill
Order a pdf of this item here.
Gilder Lehrman Collection #: GLC03806 Author/Creator: Gray, William H., 1810-1889 Place Written: Boston, Massachusetts Type: Autograph letter signed Date: 4 December 1862 Pagination: 4 p. : envelope : free frank Order a Copy
Discusses country's current financial position, per Morrill's request. Details poor state of U.S. finances, explains the "very grave objections" to President Lincoln's recommendation of a general banking law, and offers possible alternatives. "Our present debt is about 700 millions…The Government requires large additional sums…To place the whole security for the circulation of the country in the hands of a bureau at Washington, subject to the political changes to which it must be subject, is a matter to cause most serious apprehension." Morrill, a Republican Congressman from Vermont, was the author of the Tariff Act of 1861. Gray was a member of one of Boston's wealthiest families. Envelope free franked by Gray. Docketed by Morrill.
Citation Guidelines for Online Resources
The copyright law of the United States (title 17, United States Code) governs the making of photocopies or other reproductions of copyrighted material. Under certain conditions specified in the law, libraries and archives are authorized to furnish a photocopy or other reproduction. One of these specific conditions is that the photocopy or reproduction is not to be “used for any purpose other than private study, scholarship, or research.” If a user makes a request for, or later uses, a photocopy or reproduction for purposes in excess of “fair use,” that user may be liable for copyright infringement. This institution reserves the right to refuse to accept a copying order if, in its judgment, fulfillment of the order would involve violation of copyright law.