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Documents Accompanying the Journal of the Senate of the State of Michigan, at the Annual Session of 1841, Vol. 1 (Classic Reprint) - Couverture souple

Senate, Michigan State

 
9781528184991: Documents Accompanying the Journal of the Senate of the State of Michigan, at the Annual Session of 1841, Vol. 1 (Classic Reprint)

Synopsis

Excerpt from Documents Accompanying the Journal of the Senate of the State of Michigan, at the Annual Session of 1841, Vol. 1

This resource, upon which so much expectation was found ed, seems too likely, for present purposes, in a great measure, to fail us. The overthrow of the general currency of the na tion, which has produced so much distress, and the continuing process by which, what little remains available, seems rapidly passing out of the state. Have already prostrated all uniform standard of value; and the ruinous diminution in the prices of agritural products, have rendered all real estate of little present worth. School lands, therefore, are no longer sought after by purchasers; and, hitherto. In times of so great ressure and general distress, the legislature have found it di 't to resist applications for relief, and delay of payment on the part of those who have heretofore purchased these lands.

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