Excerpt from Our Public Debt: An Historical Sketch With a Description of United States Securities Notwithstanding the great increase in the public debt and the wide distribution of United States bonds among the people during the past two years of war, there has not been available in concrete form a complete description of the bonds or a history of the debt. Believing that such a description and history would be valued, not only by our own clients, but by investors generally, we arranged for the present publication - the first in a series of pamphlets which we purpose publishing on banking and investment topics. Our Public Debt has been written by Mr. Harvey E. Fisk, of our Bond Department. Mr. Fisk's familiarity with the subject derived from an experience of years in dealing in United States bonds qualifies him to write upon this subject in an authoritative manner. Mr. Fisk has gone for his facts to official and other original sources, such as the Finance Reports of the United States, the American State Papers, and circulars and other papers published at the time the various loans were issued. The technical descriptions of United States bonds and certificates and instructions in regard to transactions with the Treasury Department are based upon the latest official data and regulations. 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.

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This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

An empirical investigation of financial crises during the last 800 years.