"Paper currency" Quotes from Famous Books
 ... killed, we do not inquire why; such a question is clearly meaningless; but we may well inquire how this was ascertained, whether by counting the dead upon the field or by the roll call, etc.; or if we read that following the issue of large quantities of paper currency during the Civil War, the amount of gold in the country decreased, we may in this case also inquire how it was ascertained, and we may further perceive that this is a fact for which there must be a reason, and we may then or later ascertain why it ...
— How to Study • George Fillmore Swain
... done wonders with a country which, without great natural resources except of heart and brain, entered bankrupt into its national existence, and has now grown financially to the dimensions of its vast treasury building, with a paper currency at par and of equal validity with French and English money. If the industrial conditions in Italy were so bad as we compassionate outsiders have been taught to suppose, this financial change is one of the most important events accomplished in Europe since the great era of the racial ...
— Roman Holidays and Others • W. D. Howells
... country. It is the best money we can lay out. A navy when finished is worth more than it cost. And is that nice point in national policy, in which commerce and protection are united. Let us build; if we want them not, we can sell; and by that means replace our paper currency with ready gold ...
— Common Sense • Thomas Paine
... all the manifest evils that follow from the lack of a highly developed civic spirit. In this connection may be noted also the influence of frontier conditions in permitting lax business honor, inflated paper currency and wild-cat banking. The colonial and revolutionary frontier was the region whence emanated many of the worst forms of an evil currency.[32:1] The West in the War of 1812 repeated the phenomenon on the frontier of that day, while the speculation ...
— The Frontier in American History • Frederick Jackson Turner
... There is a paper currency in the settlement, which obviates the necessity of having coin afloat. English pence and halfpence, however, are plentiful. The lowest paper note is one shilling sterling, the next five shillings, and the highest ...
— Hudson Bay • R.M. Ballantyne
... opposing less and less impediment to the successful competition of other corn-growing countries.[25] The great fall that has taken place in the value of Russian cereals is apparent from the fact that, notwithstanding the depreciation of the paper currency of the country to the extent of about 25 per cent. since the serfs were emancipated (and nearly 37 per cent. from the par value of the standard rouble), the corn-grower in Russia actually receives for his produce, in paper money, some ...
— The Quarterly Review, Volume 162, No. 324, April, 1886 • Various
... matters of the essential Constitution or small matters of daily detail; no matter whether it be a question of making a war or continuing a war; no matter whether it be the imposing a tax or the issuing a paper currency; no matter whether it be a question relating to India, or Ireland, or London—a new House of Commons can despotically ...
— The English Constitution • Walter Bagehot
... real sites and people in Thackeray's novels. A universal penny post? Cheap telegrams and telephones? Is the Bank of England safe? Are the planets inhabited? Should girls have more liberty? Should they propose? or wear crinolines? Why not have an unlimited paper currency? or a decimal system and coinage? or a one-pound note? Should we abolish the Lords? or preserve the Commons? Why not euthanasia? Should dramatic critics write plays? Who built the Pyramids? Are the English the Lost Ten Tribes? Should we send missions to ...
— Without Prejudice • Israel Zangwill
... he cherished great hopes. Their finances were in dire disorder; and Fouche, who had just returned from a tour in the Hapsburg States, reported that the best way of striking at that Power would be "to affect its paper currency, on which all its armaments depend."[346] And truly if the transport of a great army over a mountain range had depended solely on the almost bankrupt exchequer at Vienna, Dresden would have been safe until Michaelmas; but, beside ...
— The Life of Napoleon I (Volumes, 1 and 2) • John Holland Rose
... coin of the realm, by issuing millions of copper tokens, by lowering the promised rate of interest on Government loans, by formally repudiating both interest and principal, had been tried, both in this and the preceding reign, with the usual success. An inconvertible paper currency, stimulating industry and improving morals by converting beneficent commerce into baleful gambling—that fatal invention did not then exist. Meantime, the legitimate trader and innocent citizen were harassed, and the general public ...
— The Rise of the Dutch Republic, 1555-1566 • John Lothrop Motley |
