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 15
... clothing armies , casting cannon , shot , and shell , and putting in operation all the complicated enginery of modern warfare . The war once inevitable , each of our twenty millions of people was willing to bear his share of its burden ...
... clothing armies , casting cannon , shot , and shell , and putting in operation all the complicated enginery of modern warfare . The war once inevitable , each of our twenty millions of people was willing to bear his share of its burden ...
Page 22
... - crease the number of yards in a piece of cloth . The cupidity and the prejudice of governments have many times prompted the alteration of the legal standard . This has generally been done by changing 22 MONEY AND TRADE .
... - crease the number of yards in a piece of cloth . The cupidity and the prejudice of governments have many times prompted the alteration of the legal standard . This has generally been done by changing 22 MONEY AND TRADE .
Page 23
... of the House of Stuarts , in Scotland , who , in a century and a half , reduced the quantity of silver in the pound to less than one - twentieth its former amount . tain amount of cloth , in order that he might MONEY AND TRADE . 23.
... of the House of Stuarts , in Scotland , who , in a century and a half , reduced the quantity of silver in the pound to less than one - twentieth its former amount . tain amount of cloth , in order that he might MONEY AND TRADE . 23.
Page 24
... cloth which formerly measured thirty yards was no longer than before , although it now meas- ured sixty ; that if he had loaned thirty yards of cloth before the change of measure , he would be defrauded out of half his just due if ...
... cloth which formerly measured thirty yards was no longer than before , although it now meas- ured sixty ; that if he had loaned thirty yards of cloth before the change of measure , he would be defrauded out of half his just due if ...
Page 26
... clothes us , nearly every one who ministers to our wants in any form , gets in return from two to three times the money he got before , without work- ing any harder for it . The merchant makes twice as much money by buying and selling ...
... clothes us , nearly every one who ministers to our wants in any form , gets in return from two to three times the money he got before , without work- ing any harder for it . The merchant makes twice as much money by buying and selling ...
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.