A Collection of the Political Writings of William Leggett, Volume 1Taylor & Dodd, 1840 |
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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 24
William Leggett. millions of dollars were exported from the country , and still the debts incurred by the mad spirit of overtrading were not liquidated . The bank itself was now on the very verge of bankruptcy . At the close of its ...
William Leggett. millions of dollars were exported from the country , and still the debts incurred by the mad spirit of overtrading were not liquidated . The bank itself was now on the very verge of bankruptcy . At the close of its ...
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 ...
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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 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 254 - 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 177 - ... or convenient, or at least fashionable, to learn. A private teacher could never find his account in teaching either an exploded and antiquated system of a science acknowledged to be useful, or a science universally believed to be a mere useless and pedantic heap of sophistry and nonsense.
Page 173 - ... of every man to live as much at his ease as he can; and if his emoluments are to be precisely the same, whether he does or does not perform some very laborious duty, it is certainly his interest, at least as interest is vulgarly understood, either to neglect it altogether, or, if he is subject to some authority which will not suffer him to do this, to perform it in as careless and slovenly a manner as that authority will permit.
Page 166 - ... take a stand against all new grants of monopolies and exclusive privileges, against any prostitution of our government to the advancement of the few at the expense of the many, and in favor of compromise and gradual reform in our code of laws and system of political economy.
Page 109 - ... of their menaced rights? Have they not the right to act in concert when their opponents act in concert? Nay, is it not their bounden duty to combine against the only enemy they have to fear as yet in this free country: monopoly and a great paper system that grinds them to the dust? Truly, this is strange republican doctrine, and this is a strange republican country, where men cannot unite in one common effort, in one common cause, without rousing the cry of danger to the rights of person and...
Page 106 - The rich perceive, acknowledge, and act upon a common interest, and why not the poor ? Yet the moment the latter are called upon to combine for the preservation of their rights, forsooth the community is in danger ! Property is no longer secure, and life in jeopardy. This cant has descended to us from those times when the poor and...
Page 253 - ... 7. No person shall be elected or appointed to any office in this state, civil or military, who is not a citizen of the United States, and who shall not have resided in this state one year next before the election or appointment.