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 52
... saving the water to say that the family must still avoid drink- ing it . But we must distinguish between its legiti- mate use and its use by the children to drive a toy water - wheel . We , therefore , conclude that it is more conducive ...
... saving the water to say that the family must still avoid drink- ing it . But we must distinguish between its legiti- mate use and its use by the children to drive a toy water - wheel . We , therefore , conclude that it is more conducive ...
Page 53
... savings of the poor . Who can measure the total additions to our war resources made by the savings banks of Massachusetts ? Thus , in whatever way we approach the subject , we are led to the strictly logical conclusion that the great ...
... savings of the poor . Who can measure the total additions to our war resources made by the savings banks of Massachusetts ? Thus , in whatever way we approach the subject , we are led to the strictly logical conclusion that the great ...
Page 72
... saving machines , that men would have to do one- third more labor to produce the same amount of goods . As an example , take the production of wheat . Suppose that by the use of sowing , reap- ing , and threshing machines , a farmer can ...
... saving machines , that men would have to do one- third more labor to produce the same amount of goods . As an example , take the production of wheat . Suppose that by the use of sowing , reap- ing , and threshing machines , a farmer can ...
Page 80
... savings bank , and the professional man who invests his money in bonds of any kind , become capitalists to the extent of their savings . The class .of men who live exclusively on the interest of their money is quite small in this ...
... savings bank , and the professional man who invests his money in bonds of any kind , become capitalists to the extent of their savings . The class .of men who live exclusively on the interest of their money is quite small in this ...
Page 91
... saving and a great relief at least for the time being . As soon as the plates could be en- graved , and the printing presses be put in success- ful operation , the Treasury was prepared to fulfil the promise , " United States will pay ...
... saving and a great relief at least for the time being . As soon as the plates could be en- graved , and the printing presses be put in success- ful operation , the Treasury was prepared to fulfil the promise , " United States will pay ...
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.