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 31
... manufacturers of jewelry , bankers , or owners of gold mines ; if ten men of this class think gold is likely to fall , while only nine think it will rise , there will be ten sellers for nine buyers , and the price will fall ...
... manufacturers of jewelry , bankers , or owners of gold mines ; if ten men of this class think gold is likely to fall , while only nine think it will rise , there will be ten sellers for nine buyers , and the price will fall ...
Page 37
Simon Newcomb. dries , and its machine shops , its agriculture and its manufactures of clothing . This , again , will depend on the number of men that can be spared from the pursuits of peace to dig coal and iron , cast shell , make ...
Simon Newcomb. dries , and its machine shops , its agriculture and its manufactures of clothing . This , again , will depend on the number of men that can be spared from the pursuits of peace to dig coal and iron , cast shell , make ...
Page 38
... manufacturers cannot supply the army with clothing , unless they receive money with which to pay their operatives and keep ... manufacturer would give one - tenth of the cloth he made ; this wonld be handed to the tailor , who would be ...
... manufacturers cannot supply the army with clothing , unless they receive money with which to pay their operatives and keep ... manufacturer would give one - tenth of the cloth he made ; this wonld be handed to the tailor , who would be ...
Page 39
... country at large . Let us suppose that our soil were so poor , our manufactures so rude , and our wants so numerous , that the entire products of our industry are required to supply those wants FINANCIAL ELEMENTS OF MILITARY STRENGTH . 89.
... country at large . Let us suppose that our soil were so poor , our manufactures so rude , and our wants so numerous , that the entire products of our industry are required to supply those wants FINANCIAL ELEMENTS OF MILITARY STRENGTH . 89.
Page 40
... manufacture of war materials . In such a case , no amount of money , paper or metallic , would enable us to wage war ... manufacturer to cast shot , or build a powder mill , because the manufacturers who are left could not then make the ...
... manufacture of war materials . In such a case , no amount of money , paper or metallic , would enable us to wage war ... manufacturer to cast shot , or build a powder mill , because the manufacturers who are left could not then make the ...
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.