There was some question as to the legality of the proposed i
Citations (1)
- The House of Morgan - An American Banking Dynasty and the whole source · open book
There was some question as to the legality of the proposed issue, and either Morgan or Carlisle dusted off an 1862 statute that granted the Lincoln administration emergency powers to buy gold during the Civil War. When the deal was concluded, Cleveland gave Pierpont a fresh cigar to replace the one he had nervously ground up.
chapter: 5. Corner