A Collection of the Political Writings of William Leggett: Selected and Arranged with a Preface by Theodore Sedgwick, Jr, Volume 1Taylor & Dodd, 1840 - 312 pages This collection provides important example of populist laissez-faire opinion from the Jacksonian Era in the United States. In terms of economic policy, the Jacksonians favored low taxes, decentralization, and hard-money while opposing central banks and regulation of private business. |
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Page 20
... debts due to the United States . There is not a bank in the coun- try , accredited and endorsed by the Government to an equal extent , that would not as certainly maintain its pa- per on a par with the precious metals . Indeed , most of ...
... debts due to the United States . There is not a bank in the coun- try , accredited and endorsed by the Government to an equal extent , that would not as certainly maintain its pa- per on a par with the precious metals . Indeed , most of ...
Page 22
... debt is thus created . The payment of this balance drains the country of specie . The bank , finding its paper re- turn upon it in demand for coin , is obliged suddenly , in self - defence , to curtail its issues . The consequence of ...
... debt is thus created . The payment of this balance drains the country of specie . The bank , finding its paper re- turn upon it in demand for coin , is obliged suddenly , in self - defence , to curtail its issues . The consequence of ...
Page 23
... debt was created in Europe , and to pay that debt our metalic medium was sent away from the country . The land was soon nearly exhausted of specie , and still the debt remained unliquidated . The bank , in order to bring business to an ...
... debt was created in Europe , and to pay that debt our metalic medium was sent away from the country . The land was soon nearly exhausted of specie , and still the debt remained unliquidated . The bank , in order to bring business to an ...
Page 93
... debts . 7. To buy and sell drafts and bills of exchange . 8. To hold an original capital of 2,000,000 of dollars . 9. To vest said capital in bonds and mortgages on real estate valued at double the amount of the sums loaned . 10. To ...
... debts . 7. To buy and sell drafts and bills of exchange . 8. To hold an original capital of 2,000,000 of dollars . 9. To vest said capital in bonds and mortgages on real estate valued at double the amount of the sums loaned . 10. To ...
Page 118
... debt at an expense of two or three millions , so that we might pocket one or two millions by the opera- tion , these patriotic journals would applaud the undertak- ing . If we could make money by fighting , they would be the first to ...
... debt at an expense of two or three millions , so that we might pocket one or two millions by the opera- tion , these patriotic journals would applaud the undertak- ing . If we could make money by fighting , they would be the first to ...
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Common terms and phrases
abolitionists adopted amount Andrew Jackson argument aristocracy banking system bill body politic Buren CAMBRELENG character charter citizens commercial Committee conduct Congress Constitution corporate corruption course cracy currency debt defence democracy democratic despotism doctrines dollars duty elected equal rights evil exclusive privileges exercise exerted favour France franking privilege Government Governor Marcy Grand Island grant honour incorporation institutions interest Jack Cade Jackson joint-stock partnerships journal labour Leggett legislation legislature liberty Martin Van Buren means measure ment millions mind monopolies nation never New-York object obliged opposed paper party pass patriotism persons Post present President principle of equal prison proper purpose question readers republican revenue Senate sentiments small note species spirit suffrage tion trade true trust ultraism United States Bank usurper violation vote Whigs whole WILLIAM LEGGETT
Popular passages
Page 199 - Still one thing more, fellow-citizens — a wise and frugal Government, which shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned.
Page 253 - Laws shall be made for ascertaining, by proper proofs, the citizens who shall be entitled to the right of suffrage hereby established, and for the registration of voters ; which registration shall be completed at least ten days before each election.
Page 194 - The assent of two-thirds of the members elected to each branch of the Legislature, shall be requisite to every bill appropriating the public moneys or property for local or private purposes.
Page 162 - There are no necessary evils in government. Its evils exist only in its abuses. If it would confine itself to equal protection, and, as Heaven does its rains, shower its favors alike on the high and the low, the rich and the poor, it would be an unqualified blessing.
Page 120 - On this question of principle, while actual suffering was yet afar off, they raised their flag against a power, to which, for purposes of foreign conquest and subjugation, Rome, in the height of her glory, is not to be compared ; a power which has...
Page 176 - ... some serious intention of being of use to them, they are generally inclined to pardon a great deal of incorrectness in the performance of his duty, and sometimes even to conceal from the public a good deal of gross negligence. Those parts of education, it is to be observed, for the teaching of which there are no public institutions, are generally the best taught.
Page 267 - No mechanical trade shall hereafter be taught to convicts in the State prison of this State, except the manufacture of those articles of which the chief supply for home consumption is imported from other States or countries.
Page 119 - Whether the consequences be prejudicial or not, if there be an illegal exercise of power, it is to be resisted in the proper manner. Even if no harm or inconvenience result from transgressing the boundary, the intrusion is not to be suffered to pass unnoticed. Every encroachment, great or small, is important enough to awaken the attention of those who are intrusted with the preservation of a constitutional...
Page 172 - Have those public endowments contributed., in general, to promote the end of their institution? Have they contributed to encourage the diligence, and to improve the abilities, of the teachers ? Have they directed the course of education towards objects more useful, both to the individual and to the public...
Page 255 - Where a meaning is clear, the consequences, whatever they may be, are to be admitted; where doubtful, it is fairly triable by its consequences. In controverted cases, the meaning of the parties to the instrument, if to be collected by reasonable evidence, is a proper guide.