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 9
... million , form an ocean of thought in which the individual is lost as the drop is lost in the At- lantic . Tempests of passion agitate the surface of this ocean , but they cannot change its general level , nor drive it from its set ...
... million , form an ocean of thought in which the individual is lost as the drop is lost in the At- lantic . Tempests of passion agitate the surface of this ocean , but they cannot change its general level , nor drive it from its set ...
Page 10
... millions , and made the very selfishness of mankind to minister to them without causing any change in human nature , or altering the motives of a single individual . Of this mass of thought and opinion none is more intractable when we ...
... millions , and made the very selfishness of mankind to minister to them without causing any change in human nature , or altering the motives of a single individual . Of this mass of thought and opinion none is more intractable when we ...
Page 12
... millions of men , acting through their chosen representatives , mutual- ly agree that they will furnish the products of their labor in certain quantities and on certain fixed terms ? What laws regulate the value of gold , the price of ...
... millions of men , acting through their chosen representatives , mutual- ly agree that they will furnish the products of their labor in certain quantities and on certain fixed terms ? What laws regulate the value of gold , the price of ...
Page 15
... millions of people was willing to bear his share of its burden , rather than see his country sub- jected to those who would conquer it . To distribute this burden so that none should be able to shirk his just share , or throw it upon ...
... millions of people was willing to bear his share of its burden , rather than see his country sub- jected to those who would conquer it . To distribute this burden so that none should be able to shirk his just share , or throw it upon ...
Page 32
... The influence of one man will of course be infinitesimal , but the influence of millions will govern it entirely . The market is a most delicate and impartial thermometer , which registers the average 32 : MONEY AND TRADE .
... The influence of one man will of course be infinitesimal , but the influence of millions will govern it entirely . The market is a most delicate and impartial thermometer , which registers the average 32 : MONEY AND TRADE .
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.