A Critical Examination of Our Financial Policy During the Southern Rebellion. by Simon Newcomb.Scholarly Publishing Office, University of Michigan Library, 1865 - 232 pages |
From inside the book
Results 1-5 of 26
Page 11
... obtain , articles which suddenly become indispensable to the public good , jump up with equal suddenness , that his promises to pay are not properly appreciated by the community ; that men will prefer the money which he cannot obtain to ...
... obtain , articles which suddenly become indispensable to the public good , jump up with equal suddenness , that his promises to pay are not properly appreciated by the community ; that men will prefer the money which he cannot obtain to ...
Page 26
... obtain forty or fifty cents in gold before the war , barring the in- significant tax on production levied by the General Government . Every man who feeds us , every man who clothes us , nearly every one who ministers to our wants in any ...
... obtain forty or fifty cents in gold before the war , barring the in- significant tax on production levied by the General Government . Every man who feeds us , every man who clothes us , nearly every one who ministers to our wants in any ...
Page 28
... obtained . In such a case as this the speculator is really the cause of the rise . The more necessary the article and the more limited the supply , the more easy is this oper- ation . Gold is about the last thing in the world to be ...
... obtained . In such a case as this the speculator is really the cause of the rise . The more necessary the article and the more limited the supply , the more easy is this oper- ation . Gold is about the last thing in the world to be ...
Page 30
... obtain what he wants as cheaply as he can get it . If a speculator , or any one else , gives 150 per cent . pre- mium for gold , it is only because no one in this or any other country will let him have as much as he wants of it for 149 ...
... obtain what he wants as cheaply as he can get it . If a speculator , or any one else , gives 150 per cent . pre- mium for gold , it is only because no one in this or any other country will let him have as much as he wants of it for 149 ...
Page 36
... obtain munitions of war . Cannon foundries and fertile fields , trust in God , and a consciousness of right ; these are the real sinews of war . Without them , the gold fields of California will be useless ; with them , gold will never ...
... obtain munitions of war . Cannon foundries and fertile fields , trust in God , and a consciousness of right ; these are the real sinews of war . Without them , the gold fields of California will be useless ; with them , gold will never ...
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.