Author: Tallmadge, Nathaniel P. (1795-1864).
Title: Speech of Mr. Tallmadge, of New York, on the Bankrupt Bill. Delivered in the U.S. Senate, May 22, 1840.
Description: Washington: Printed at the Madisonian Office, 1840. 1840. Washington: Printed at the Madisonian Office, 1840. 1840. Very good. - Octavo, 9-1/2 inches high by 6-1/4 inches wide. Softcover, bound in printed self-wraps. The cover pages are darkened and the edges chipped with light dampstaining along the bottom. An early owner's name ("George Gibbs") is penned at the top of the cover page. 16 pages. The edges of the pages are slightly chipped with light dampstaining along the bottom quarter of the pages. Very good. RARE. WorldCat locates only 7 copies. The 1840 Bankrupt Bill which Tallmadge favors passed in the Senate but was tabled in the House. It became the subject of a famous cartoon by John C. White "Shylock's Year, or 1840 with no bankrupt law". The bill was subsequently passed and enacted in 1841. "In the commercial and trading circles, doubt, is the forerunner of evil, and the destruction of prosperity. Loss of credit, is loss of property, the wreck of hope, and beginning of despair. Property, of all kinds, loses a portion of its value, when it is deprived of its convertible character. Credit alone, in this country, renders property saleable. In proportion to the amount of confidence and industry, intelligence and activity, is the amount of personal responsibility; and this constitutes the great bulk of the credit of the country. When individual credit becomes impaired, a general curtailment of business ensues. All wish to sell and collect, and none to buy and pay. And thus the very struggle that is produced, brings about the result which all desire to avoid. In this trading and commercial country, business operations become so multifarious and complex, that the creditor is a debtor, and the debtor a creditor; therefore, as soon as confidence is shaken, and the means of transferring property ceases, all become involved in one common ruin." [page 6]. Born in Chatham, New York, Nathaniel P. Tallmadge (1795-1864) was a lawyer, politician and Wisconsin pioneer. Serving 2 terms as U.S. Senator from New York, he then settled in Wisconsin as one of the first landowners in what is now Fond du Lac. He was appointed by John Tyler to be the 3rd Governor of the Wisconsin Territory in 1844. Very good .
Keywords: AMERICANA; FINANCES; SPEECH OF MR. TALLMADGE, OF NEW YORK, ON THE BANKRUPT BILL; NATHANIEL P. TALLMADGE; U.S. SENATE; SHYLOCK'S YEAR; RARE; PAMPHLETS; 19TH CENTURY; NINETEENTH CENTURY; COMMERCIAL; BANKRUPTCY LAW; LEGAL.
See more books from our catalog: Americana
Title: Speech of Mr. Tallmadge, of New York, on the Bankrupt Bill. Delivered in the U.S. Senate, May 22, 1840.
Description: Washington: Printed at the Madisonian Office, 1840. 1840. Washington: Printed at the Madisonian Office, 1840. 1840. Very good. - Octavo, 9-1/2 inches high by 6-1/4 inches wide. Softcover, bound in printed self-wraps. The cover pages are darkened and the edges chipped with light dampstaining along the bottom. An early owner's name ("George Gibbs") is penned at the top of the cover page. 16 pages. The edges of the pages are slightly chipped with light dampstaining along the bottom quarter of the pages. Very good. RARE. WorldCat locates only 7 copies. The 1840 Bankrupt Bill which Tallmadge favors passed in the Senate but was tabled in the House. It became the subject of a famous cartoon by John C. White "Shylock's Year, or 1840 with no bankrupt law". The bill was subsequently passed and enacted in 1841. "In the commercial and trading circles, doubt, is the forerunner of evil, and the destruction of prosperity. Loss of credit, is loss of property, the wreck of hope, and beginning of despair. Property, of all kinds, loses a portion of its value, when it is deprived of its convertible character. Credit alone, in this country, renders property saleable. In proportion to the amount of confidence and industry, intelligence and activity, is the amount of personal responsibility; and this constitutes the great bulk of the credit of the country. When individual credit becomes impaired, a general curtailment of business ensues. All wish to sell and collect, and none to buy and pay. And thus the very struggle that is produced, brings about the result which all desire to avoid. In this trading and commercial country, business operations become so multifarious and complex, that the creditor is a debtor, and the debtor a creditor; therefore, as soon as confidence is shaken, and the means of transferring property ceases, all become involved in one common ruin." [page 6]. Born in Chatham, New York, Nathaniel P. Tallmadge (1795-1864) was a lawyer, politician and Wisconsin pioneer. Serving 2 terms as U.S. Senator from New York, he then settled in Wisconsin as one of the first landowners in what is now Fond du Lac. He was appointed by John Tyler to be the 3rd Governor of the Wisconsin Territory in 1844. Very good .
Keywords: AMERICANA; FINANCES; SPEECH OF MR. TALLMADGE, OF NEW YORK, ON THE BANKRUPT BILL; NATHANIEL P. TALLMADGE; U.S. SENATE; SHYLOCK'S YEAR; RARE; PAMPHLETS; 19TH CENTURY; NINETEENTH CENTURY; COMMERCIAL; BANKRUPTCY LAW; LEGAL.
Price: US$ 350.00 Seller: Blue Mountain Books & Manuscripts, Ltd.
- Book number: 99545
- Book number: 99545
See more books from our catalog: Americana