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- GLC#
- GLC03806
- Type
- Letters
- Date
- 4 December 1862
- Author/Creator
- Gray, William H., 1810-1889
- Title
- to Justin Morrill
- Place Written
- Boston, Massachusetts
- Pagination
- 4 p. : envelope : free frank
- Primary time period
- Civil War and Reconstruction, 1861-1877
- Sub-Era
- The American Civil War
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.
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