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 4
... facts of human nature which , established by the general experience of mankind , must be admitted by all unprej- udiced men , and those facts of history which are absolutely indisputable . For the same reason he has avoided that large ...
... facts of human nature which , established by the general experience of mankind , must be admitted by all unprej- udiced men , and those facts of history which are absolutely indisputable . For the same reason he has avoided that large ...
Page 9
... to it that there is no good cause for the fury of its waves , and you are impotent . Accept it , with all its vagaries , as unchangeable facts ; study its winds and currents as they are , without seeking to change 1 *
... to it that there is no good cause for the fury of its waves , and you are impotent . Accept it , with all its vagaries , as unchangeable facts ; study its winds and currents as they are , without seeking to change 1 *
Page 13
... fact is that men always have been indolent and selfish , and always will be . These characteristics are not to be deplored ; they only keep in operation the just principle that the fruits of every man's toil belong to himself , and that ...
... fact is that men always have been indolent and selfish , and always will be . These characteristics are not to be deplored ; they only keep in operation the just principle that the fruits of every man's toil belong to himself , and that ...
Page 14
... fact of observation which has held true in all ages and countries , that all voluntary exchanges of prop- erty between man and man are made in obedience to the above postulate . No man parts with his goods except he is to receive in ...
... fact of observation which has held true in all ages and countries , that all voluntary exchanges of prop- erty between man and man are made in obedience to the above postulate . No man parts with his goods except he is to receive in ...
Page 16
... facts , and all appeal to or respect for mere authority shall be avoided . It will conduce to clearness if we first try to form a definite idea of what financial science really is . Notwithstanding the simplicity of its principles , and ...
... facts , and all appeal to or respect for mere authority shall be avoided . It will conduce to clearness if we first try to form a definite idea of what financial science really is . Notwithstanding the simplicity of its principles , and ...
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.