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 6
... NECESSITY OF PAPER MONEY - THE LESSONS OF HIS- TORY . Popular Views - The English Bank Money - Continental Money , what it did - Rise and Fall of Assignats . 146 CHAPTER VII . WERE LEGAL TENDER NOTES NECESSARY ? The 6 CONTENTS .
... NECESSITY OF PAPER MONEY - THE LESSONS OF HIS- TORY . Popular Views - The English Bank Money - Continental Money , what it did - Rise and Fall of Assignats . 146 CHAPTER VII . WERE LEGAL TENDER NOTES NECESSARY ? The 6 CONTENTS .
Page 7
Simon Newcomb. CHAPTER VII . WERE LEGAL TENDER NOTES NECESSARY ? The True Functions of Notes - Our Financial History had Specie Payments been maintained - Ought the Notes to be Irredeemable ? —Ought they to have been Legal Ten- der for ...
Simon Newcomb. CHAPTER VII . WERE LEGAL TENDER NOTES NECESSARY ? The True Functions of Notes - Our Financial History had Specie Payments been maintained - Ought the Notes to be Irredeemable ? —Ought they to have been Legal Ten- der for ...
Page 13
... necessary to their produc- tion , or their possession . It can also be shown that for a people to fix among themselves and mutually a standard of prices , such that every man will have to exchange his goods for so little money that he ...
... necessary to their produc- tion , or their possession . It can also be shown that for a people to fix among themselves and mutually a standard of prices , such that every man will have to exchange his goods for so little money that he ...
Page 14
... necessary to discover what it is for his interest to do . We are not at present concerned with the whole of this science , but with an application of its princi- ples to our financial policy during the present war . Four years ago our ...
... necessary to discover what it is for his interest to do . We are not at present concerned with the whole of this science , but with an application of its princi- ples to our financial policy during the present war . Four years ago our ...
Page 17
... it is maintained that common sense , close study , and attentive thought , with such experiential knowledge as every one may derive from the observation of current 最 events are all that is necessary to enable any one MONEY AND TRADE . 17.
... it is maintained that common sense , close study , and attentive thought , with such experiential knowledge as every one may derive from the observation of current 最 events are all that is necessary to enable any one MONEY AND TRADE . 17.
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.