The Philosophy of Price, and Its Relation to Domestic Currency

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Chicago Sentinel Publishing Company, 1887 - 275 страници
 

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Страница 51 - Accordingly we find, that, in every kingdom, into which money begins to flow in greater abundance than formerly, everything takes a new face : labour and industry gain life ; the merchant becomes more enterprising, the manufacturer more diligent and skilful, and even the farmer follows his plough with greater alacrity and attention.
Страница 253 - How do thy potions, with insidious joy, Diffuse their pleasures only to destroy ! Kingdoms by thee, to sickly greatness grown, Boast of a florid vigour not their own.
Страница 254 - Ill fares the land, to hastening ills a prey, Where wealth accumulates, and men decay : Princes and lords may flourish, or may fade ; A breath can make them, as a breath has made ;w But a bold peasantry, their country's pride, When once destroyed, can never be supplied.
Страница 110 - ... the faith of the United States is solemnly pledged to the payment in coin, or its equivalent, of all t he obligations of the United States...
Страница 110 - That in order to remove any doubt as to the purpose of the government to discharge all just obligations to the public creditors, and to settle conflicting questions and interpretations of the laws by virtue of which such obligations have been contracted, it is hereby provided and declared that the faith of the United States...
Страница 125 - ... coupon or registered bonds of the United States in such form as he may prescribe, and in denominations of...
Страница 135 - to coin money and regulate the value thereof and of foreign coin;" and being clearly authorized, as incidental to the exercise of those great powers, to emit bills of credit, to charter national banks, and to provide a national currency for the whole people, in the form of coin, treasury notes, and national bank bills...
Страница 135 - ... one of the powers belonging to sovereignty in other civilized nations, and not expressly withheld from Congress by the Constitution; we are irresistibly impelled...
Страница 128 - States notes shall be convertible into coin at the option of the holder, or unless at such time bonds of the United States bearing a lower rate of interest than the bonds to be redeemed can be sold at par in coin. And the United States also solemnly pledges its faith to make provision at the earliest practicable period for the redemption of the United States notes in coin.
Страница 54 - ... actually passes from hand to hand at every purchase, credit in any of its shapes being unknown. When credit comes into play as a means of purchasing distinct from money in hand, we shall hereafter find that the...

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