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 13
... 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 would in his own heart ...
... 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 would in his own heart ...
Page 28
... tion of a rise in their price , in order to make a prof- it by selling them after the rise . The speculator may intend to bring about the rise himself ; or he may only take advantage of it without being in any way the cause of it . If ...
... tion of a rise in their price , in order to make a prof- it by selling them after the rise . The speculator may intend to bring about the rise himself ; or he may only take advantage of it without being in any way the cause of it . If ...
Page 30
... tion seems to be that every one bets against the Gov- ernment , and no one for it ; or , at least , that he who bets for it is powerless . But I trust it does show that for every not require any argument to bull there must be a bear ...
... tion seems to be that every one bets against the Gov- ernment , and no one for it ; or , at least , that he who bets for it is powerless . But I trust it does show that for every not require any argument to bull there must be a bear ...
Page 42
... tion . We have seen them in France in the time of the revolution ; in England during the Napoleonic wars ; and we see them in the rebel states now . They are the true and only indications that the resources of the country are taxed to ...
... tion . We have seen them in France in the time of the revolution ; in England during the Napoleonic wars ; and we see them in the rebel states now . They are the true and only indications that the resources of the country are taxed to ...
Page 48
... tion of the precious metals in time of prosperity , in order that we may have them to fall back upon in time of adversity ? It is impossible to answer this question absolutely , because it depends on the habits , dispositions , and ...
... tion of the precious metals in time of prosperity , in order that we may have them to fall back upon in time of adversity ? It is impossible to answer this question absolutely , because it depends on the habits , dispositions , and ...
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.