A Critical Examination of Our Financial Policy During the Southern Rebellion. by Simon Newcomb.Scholarly Publishing Office, University of Michigan Library, 1865 - 232 pages |
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Page 6
... Government Bonds - Causes of the Depreciation in the Gold Value of the Bonds - How all future Loans should be Contracted . CHAPTER V. INFLUENCE OF THE LEGAL TENDER NOTES ON PRI- VATE FAITH AND THE BUSINESS OF THE COUN- TRY , Laws of ...
... Government Bonds - Causes of the Depreciation in the Gold Value of the Bonds - How all future Loans should be Contracted . CHAPTER V. INFLUENCE OF THE LEGAL TENDER NOTES ON PRI- VATE FAITH AND THE BUSINESS OF THE COUN- TRY , Laws of ...
Page 7
... Government ? -Working of our National Banking System - Unwise Restrictions in the way on which they might use their Votes - Their Functions as Fiscal Agents . PAGE 159 . 199 * A CRITICAL EXAMINATION OF OUR FINANCIAL POLICY . CHAPTER ...
... Government ? -Working of our National Banking System - Unwise Restrictions in the way on which they might use their Votes - Their Functions as Fiscal Agents . PAGE 159 . 199 * A CRITICAL EXAMINATION OF OUR FINANCIAL POLICY . CHAPTER ...
Page 10
... interfere with the orderly operation of these laws they might pass with little notice . But , by and by the king , or the Government , finds that they 1 are operating so as to be detrimental to his interests 10 MONEY AND TRADE .
... interfere with the orderly operation of these laws they might pass with little notice . But , by and by the king , or the Government , finds that they 1 are operating so as to be detrimental to his interests 10 MONEY AND TRADE .
Page 11
... Government is still no better off than before . As a last resort he enacts that bread and meat shall be sold at old prices . Bread and meat thereupon disappear like the gold , except as they are sold clandestinely at the increased ...
... Government is still no better off than before . As a last resort he enacts that bread and meat shall be sold at old prices . Bread and meat thereupon disappear like the gold , except as they are sold clandestinely at the increased ...
Page 14
... government polity which supposes men , in managing their money matters , to be actuated by benevolence , ma- levolence , public spirit , political enmity , or any other motive than self - interest , is fundamentally defective , and will ...
... government polity which supposes men , in managing their money matters , to be actuated by benevolence , ma- levolence , public spirit , political enmity , or any other motive than self - interest , is fundamentally defective , and will ...
Common terms and phrases
actually amount argument army assignats barrels of flour bill bonds borrow capital cause circulation cloth Congress considered Continental Congress creditor currency debtor demand notes depreciating currency depreciation direct tax effects enacted entire equivalent ernment evil exchange export fact faith farmer give gold coin gold dollar gold value Government government bonds holder Honorable Secretary illustrated increase individual interest labor laws of value legal tender clause legal tender notes less levy loans of coin manufacturer measure ment millions National Bank national debt necessary obliged opinion paid in coin paper money payable pound sterling present price of gold principles productive profits promise public credit public debt question raise reason receive redeemable redemption rise savings bank sell six per cent specie payments speculators supply supposed thing tion Treasury United States notes wealth worth
Popular passages
Page 99 - ... lawful money and a legal tender in payment of all debts, public and private, within the United States, except duties on imports and interest as aforesaid.
Page 188 - ... periods; property of any sort, however worthless, either real or personal, might be tendered by the debtor in payment of his debts; and the creditor was compelled to take the property of the debtor, which he might seize on execution, at an appraisement wholly disproportionate to its known value. Such grievances and oppressions, and others of a like nature, were the ordinary results of legislation during the revolutionary war and the intermediate period down to the formation of the constitution....
Page 179 - ... notes, but to establish discriminations in business against those who. in this matter, give a cordial support to the Government, and in favor of those who do not. Such discriminations should, if possible, be prevented ; and the provision making the notes a legal tender, in a great measure at least, prevents it, by putting all citizens, in this respect, on the same level, both of rights and duties.