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 3
... confines itself to questions of permanent interest . Aiming its criticisms at the root of evil rather than its branches , its fundamental doctrines are few and simple . The great desire of the author has been to produce.
... confines itself to questions of permanent interest . Aiming its criticisms at the root of evil rather than its branches , its fundamental doctrines are few and simple . The great desire of the author has been to produce.
Page 6
... Evil , one of Principle— Payment of the Principal of the Public Debt - The Price of Gold and Government Bonds - Causes of the Depreciation in the Gold Value of the Bonds - How all future Loans should be Contracted . CHAPTER V. INFLUENCE ...
... Evil , one of Principle— Payment of the Principal of the Public Debt - The Price of Gold and Government Bonds - Causes of the Depreciation in the Gold Value of the Bonds - How all future Loans should be Contracted . CHAPTER V. INFLUENCE ...
Page 16
... or the fall of an empire . The money market is peopled with good and evil spirits , with " gor- gons , hydras , and chimeras dire , " who are waging a perpetual war , or playing an endless game of Stygian 16 MONEY AND TRADE .
... or the fall of an empire . The money market is peopled with good and evil spirits , with " gor- gons , hydras , and chimeras dire , " who are waging a perpetual war , or playing an endless game of Stygian 16 MONEY AND TRADE .
Page 19
... evil effects , and such another measure good effects , we may reasonably 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 ...
... evil effects , and such another measure good effects , we may reasonably 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 ...
Page 46
... evil . When it is once concluded what desires are good , and what are evil , political economy steps in as a concrete science , and shows how the good may be encouraged , and the evil discouraged . The question to be solved then is ...
... evil . When it is once concluded what desires are good , and what are evil , political economy steps in as a concrete science , and shows how the good may be encouraged , and the evil discouraged . The question to be solved then is ...
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.