A Critical Examination of Our Financial Policy During the Southern Rebellion. by Simon Newcomb.Scholarly Publishing Office, University of Michigan Library, 1865 - 232 pages |
From inside the book
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Page 10
... demand raise it ; that goods will flow to the best market in defiance of every thing except forcible prevention ; that the man who sells cheap- est will have most custom , though hated by the community . So long as no attempt is made to ...
... demand raise it ; that goods will flow to the best market in defiance of every thing except forcible prevention ; that the man who sells cheap- est will have most custom , though hated by the community . So long as no attempt is made to ...
Page 19
... demand to know how this good or evil is to be produced . If the authority fails to explain to our entire satisfaction the relation between the cause and the effect which he predicts , if he claims that it is something which no one but ...
... demand to know how this good or evil is to be produced . If the authority fails to explain to our entire satisfaction the relation between the cause and the effect which he predicts , if he claims that it is something which no one but ...
Page 21
... demand for the bonds began , from this cause , to increase . Deeds , not words , is emphati- cally the maxim of the stock market . In the next place the fundamental postulate of political economy already alluded to , that every man will ...
... demand for the bonds began , from this cause , to increase . Deeds , not words , is emphati- cally the maxim of the stock market . In the next place the fundamental postulate of political economy already alluded to , that every man will ...
Page 22
... demand . But the equilibrium cannot be permanently changed by the action of these causes , because , if they continue , men will gradually give up the production of those articles which are too cheap , and apply themselves to those ...
... demand . But the equilibrium cannot be permanently changed by the action of these causes , because , if they continue , men will gradually give up the production of those articles which are too cheap , and apply themselves to those ...
Page 31
... demand . The supply and demand are governed by public opinion , and de- pend entirely upon it . How , it will not be difficult to show : 1. Taking that portion of the community who have occasion to buy or sell gold , whether they be ...
... demand . The supply and demand are governed by public opinion , and de- pend entirely upon it . How , it will not be difficult to show : 1. Taking that portion of the community who have occasion to buy or sell gold , whether they be ...
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.