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 16
... continued illustration in the affairs of life , the most crude and impractical ideas are entertained respecting them . We are prone to fall into two great errors , closely connected with each other : firstly , that there is no such ...
... continued illustration in the affairs of life , the most crude and impractical ideas are entertained respecting them . We are prone to fall into two great errors , closely connected with each other : firstly , that there is no such ...
Page 21
... continued to fall until , with the improvement in the military situation , and the increased issue of notes , the money market slackened , and the demand for the bonds began , from this cause , to increase . Deeds , not words , is ...
... continued to fall until , with the improvement in the military situation , and the increased issue of notes , the money market slackened , and the demand for the bonds began , from this cause , to increase . Deeds , not words , is ...
Page 63
... felt than if they were drawn directly from the pockets of those who really pay them . 3. Finally , the sentiment of justice will always .. be felt to demand the continued payment of the debt OUR DEBT AND OUR TAXES . 63.
... felt than if they were drawn directly from the pockets of those who really pay them . 3. Finally , the sentiment of justice will always .. be felt to demand the continued payment of the debt OUR DEBT AND OUR TAXES . 63.
Page 64
Simon Newcomb. be felt to demand the continued payment of the debt . Now , while the last two causes may operate as strongly in this country as in England , the first will not . Here , wealth endows its possessors with less political ...
Simon Newcomb. be felt to demand the continued payment of the debt . Now , while the last two causes may operate as strongly in this country as in England , the first will not . Here , wealth endows its possessors with less political ...
Page 78
... , or fortune , do actually earn more than the minimum on which the first tax is levied .. 3. Property tax of 21 per cent .. 70,000,000 250,000,000 ; The ordinary taxes , to be continued after the 78 OUR DEBT AND OUR TAXES .
... , or fortune , do actually earn more than the minimum on which the first tax is levied .. 3. Property tax of 21 per cent .. 70,000,000 250,000,000 ; The ordinary taxes , to be continued after the 78 OUR DEBT AND OUR TAXES .
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.