"Paper money" Quotes from Famous Books
 ... nation; which on general principles was a good thing, because a large number of people at that time indulged the fiction that as the Government was paying its debts, a good way to do it would be to print more paper money. It was the Finance Minister's opportunity to instruct us, that the Government was not paying debts—but making it possible to pay wages. Unless the surplus of every man's earnings was invested in Victory Bonds there ...
— The Masques of Ottawa • Domino
... crossed a creek and the horses were drinking, Bob said: "Father thinks General Ward's a crank. He says Ward will keep harping on about those war bonds, and quarrelling because the soldiers got their pay in paper money and the bondholders in gold, until people will think every one in high places is ...
— A Certain Rich Man • William Allen White
... articles unsatisfactory. The States were almost independent of the central government. There was no separate executive power to enforce, and no judiciary to interpret the laws. The nation was deep in debt, and without means for payment. Paper money of the period was worthless, and debtors were rebellious. Disputes between the various States brought them to the verge of civil war. Each State had its own system of duties and imposts, which led to great confusion in ...
— Our Government: Local, State, and National: Idaho Edition • J.A. James
... allowed to occur in the British Empire, though, doubtless, they were to be expected under governments which had injured the market so greatly in the past by repudiating their bargains. Their debased silver currency and their worthless paper money were an absolute ...
— People of Position • Stanley Portal Hyatt
... just to add that the count de Tendilla redeemed his promises like a loyal knight; and this miracle, as it appeared in the eyes of Fray Antonio Agapida, is the first instance on record of paper money, which has since inundated the civilized world ...
— Chronicle of the Conquest of Granada • Washington Irving
... which the governors wanted money, was to maintain troops for defence against the French and the Indians; and the legislatures were apt to be short-sighted and unreasonably stingy about such matters. Again, the people were sometimes seized with a silly craze for "paper money" and "wild-cat banks"—devices for making money out of nothing—and sometimes the governors were sensible enough to oppose such delusions but not altogether sensible in their manner of doing it. Thus in 1740 there was fierce excitement in Massachusetts over a quarrel between ...
— The War of Independence • John Fiske
... lucrative southern trade, the people indulged in extravagant overtrading. Purchases far exceeded sales and the specie coming from the South was drained away as fast as it was received, but dozens of banks furnished a supply of currency by means of copious issues of paper money, and the career of extravagance proceeded. The internal trade of the country had never ...
— Outline of the development of the internal commerce of the United States - 1789-1900 • T.W. van Mettre
... three important measures remain: The acquisition of Louisiana, the acquisition of California, and the Independent Treasury Bill. The war of 1812 was unwise, and in conduct it was weak. The policy of that middle period in regard to paper money, to internal improvements, in regard to the protection of domestic industry, and in regard to slavery has been set aside or overthrown by the better judgment of recent years. Yet so much are statesmen and parties the servants or victims of events, that our opinions should be tolerant ...
— Reminiscences of Sixty Years in Public Affairs, Vol. 1 • George Boutwell
... the church had $200,000 in specie; and he opened one box and they saw that it was silver; and they were seemingly satisfied, and went away for a few days until the elders were packed off in every direction to pass their paper money."* ...
— The Story of the Mormons: • William Alexander Linn
... comment from dowager lady Chia. Chia Chen therefore withdrew downstairs, and betook himself outside to make arrangements for the offerings to the gods, for the paper money and eatables that had to be burnt, and for the theatricals about to begin. So we will leave him without any further allusion, and take up ...
— Hung Lou Meng, Book II • Cao Xueqin
... the woman, while one was sufficient for the man. He then ransacked the house, and, between some blankets underneath the straw-bed upon which the old folks were sleeping, he found a small bag, which contained some gold, silver and paper money, amounting to over one thousand dollars. In a cold-blooded manner he further stated (and as I pen his words my blood nearly freezes in my veins), in order to search the bed upon which his victims were lying, it became necessary for him to remove ...
— The Twin Hells • John N. Reynolds
... my pocket for some greasy rags of paper money which I pressed into his honourable hand. He bowed and departed. I tore ...
— The Mountebank • William J. Locke
... D'Argenson, my very good friends. This is what they will counsel you to do. And I will counsel you at the same time to avail yourself of their advice. Tell all France to bring in its gold, to enable you to put something essential under the value of all this paper money which you have been sending out so lavishly, so unthinkingly, so without ...
— The Mississippi Bubble • Emerson Hough
... everything, and she writes about everything in the same whole-hearted way,—farming, paper money, the making of molasses from corn-stalks, the new remedy of inoculation, 'Common Sense' and its author, the children's handwriting, the state of Harvard College, the rate of taxes, the most helpful methods of enlistment, Chesterfield's ...
— Library of the World's Best Literature, Ancient and Modern, Vol. 1 • Charles Dudley Warner
... time have we been using paper money in this country that it seemed almost useless to have mints to make coins, when ordinary people never saw any of them, excepting those made of copper ...
— St. Nicholas Magazine for Boys and Girls, Vol. 5, May, 1878, No. 7. - Scribner's Illustrated • Various
... This paper money—which in form resembles postage-stamps—cannot be obtained at the telegraph office, but must be purchased at the 'Colecturia,' a certain government establishment in another part of the town. Thus, the unfortunate individual who happens ...
— The Pearl of the Antilles, or An Artist in Cuba • Walter Goodman
... sent for, the secret was to be kept till they should arrive, and in the mean time I was to get work, if I could, at the other printing-house. But I found no vacancy there, and so remain'd idle a few days, when Keimer, on a prospect of being employ'd to print some paper money in New Jersey, which would require cuts and various types that I only could supply, and apprehending Bradford might engage me and get the jobb from him, sent me a very civil message, that old friends should ...
— The Autobiography of Benjamin Franklin • Benjamin Franklin
... their pockets than for their warmth. When travelling in countries where papers have to be carried, an inside pocket between the lining and the waistcoat, with a button to close it, is extremely useful. Letters of credit and paper money can be carried in it more safely ...
— The Art of Travel - Shifts and Contrivances Available in Wild Countries • Francis Galton
... the war, Northern finance, concerns us little. The real economic strength of the North was immense, for immigration and development were going on so fast, that, for all the strain of the war, production and exports increased. But the superficial disturbance caused by borrowing and the issue of paper money was great, and, though the North never bore the pinching that was endured in the South, it is an honourable thing that, for all the rise in the cost of living and for all the trouble that occurred in business when the premium on gold often fluctuated between 40 ...
— Abraham Lincoln • Lord Charnwood
... a literal copy of a specimen of this paper money, which varied in value from two ...
— Count Frontenac and New France under Louis XIV • Francis Parkman
... paper; and the public hailed these sudden and vast acquisitions of landed property as so many proofs of the soundness of his system. In one instance he met with a shrewd bargainer, who had not the general faith in his paper money. The President de Novion insisted on being paid for an estate in hard coin. Law accordingly brought the amount, four hundred thousand livres, in specie, saying, with a sarcastic smile, that he preferred paying in money ...
— The Crayon Papers • Washington Irving
... a pledge to the allies for the recovery or repatriation for war losses. Immediate restitution of the cash deposit in the National Bank of Belgium, and in general immediate return of all documents, specie, stocks, shares, paper money, together with plant for the issue thereof, touching public or private interests in the invaded countries. Restitution of the Russian and Roumanian gold yielded to Germany or taken by that power. This gold to be delivered in trust to the allies ...
— America's War for Humanity • Thomas Herbert Russell
... Money (1763).—Among the many complaints filed before the board of trade were vigorous protests against the issuance of paper money by the colonial legislatures. The new ministry provided a remedy in the act of 1763, which declared void all colonial laws authorizing paper money or extending the life of outstanding bills. This law ...
— History of the United States • Charles A. Beard and Mary R. Beard
... deliberation to catch the flies on his face, sometimes succeeding in smashing them. He took his seat at the green table, expressing his satisfaction at so doing in measured terms, and ended by winning from Bazarov two roubles and a half in paper money; they had no idea of even reckoning in silver in the house of Arina Vlasyevna.... She was sitting, as before, near her son (she did not play cards), her cheek, as before, propped on her little fist; she only got up to order some new dainty to be served. She was afraid ...
— Fathers and Children • Ivan Sergeevich Turgenev
... political economists have a still more direct olive-branch extended to them by the introduction of the personage of Mr. MacBorrowdale: there is no more blasphemy of Scott: and I do not at the present moment remember any very distinct slaps at paper money. Peace had been made long ago with the Church of England, through the powerful medium of Dr. Folliott; but it is ratified and cemented anew here not merely by the presentation of Dr. Opimian, but (in rather an odd fashion perhaps) by the ...
— Gryll Grange • Thomas Love Peacock
... or remote, was an immense galvanizing into existence of State banks, and ultimately a vast increase of paper money. The Sub-Treasury system had not then been thought of; there was no proper place of deposit for the public funds; their possession was a direct stimulus to speculation; and the president's cure was worse than the disease. ...
— Great Men and Famous Women. Vol. 4 of 8 • Various
... on the French to the west; Governor Hunter of New York had equal zeal for a movement northward. New York raised 600 men and the same number of Iroquois, voting 10,000 pounds of paper money for their sustenance. Connecticut and New Jersey sent 1,600 men. A force of 4,000 in all mustered at Albany under Nicholson of New York. They were to co-operate against Montreal with the naval expedition of 1711, commanded by Sir Hoveden Walker. Walker failed ignominiously, and Nicholson, ...
— History of the United States, Vol. I (of VI) • E. Benjamin Andrews
... cried a man with a frock-coat and a straw hat. "Blest if I've got a single coin left—nothing but paper money. That's good enough for me. ...
— Punch, or the London Charivari, Vol. 156, June 11, 1919 • Various
... pounds for the King's use by a tax which included the proprietary lands. The Governor, constrained by his instructions and his bonds, rejected it. "I can only say," he told them, "that I will readily pass a bill for striking any sum in paper money the present exigency may require, provided funds are established for sinking the same in five years." Messages long and acrimonious were exchanged between the parties. The Assembly, had they chosen, could easily ...
— Montcalm and Wolfe • Francis Parkman
... be glad of the money. I knowed her husband in the coasting trade. I like to get into a place like this that 'ain't been sp'iled by them cussed rusticators and the prices they are willing to pay," he confided to Mayo. He slyly exhibited a wallet that was stuffed with paper money. "I ain't busted, but there's no sense in paying more 'n five dollars a week anywhere for vittles and bed. She will make plenty off'n us at that rate. You just let me ...
— Blow The Man Down - A Romance Of The Coast - 1916 • Holman Day
... duty of the National Government in connection with the currency of the country is to coin money and declare its value. Grave doubts have been entertained whether Congress is authorized by the Constitution to make any form of paper money legal tender. The present issue of United States notes has been sustained by the necessities of war; but such paper should depend for its value and currency upon its convenience in use and its prompt redemption in coin at the will of the holder, and not upon its ...
— U.S. Presidential Inaugural Addresses • Various
... failed altogether as time went on. We could buy an infinitesimal piece of stolen toilet soap for a not infinitesimal price, and were rationed as to washing soap and matches. The currency on board was a very mixed one, consisting of Japanese yen, both in silver and paper money, English, Spanish, and German silver, and German canteen tokens—all marked S.M.S. Victoria Louise—ranging in value from 2 ...
— Five Months on a German Raider - Being the Adventures of an Englishman Captured by the 'Wolf' • Frederic George Trayes
... no descendants to worship and offer sacrifices to them, and on the occasion of the Seventh Month Festival he is carried round the city in his chair to maintain order among them, while the people offer food to them, and burn paper money for their benefit. He is also carried in procession at the Ch'ing Ming Festival, and on the first day ...
— Myths and Legends of China • E. T. C. Werner
... renewed, and the king, after forcing the assembly to adopt it, was to dissolve it. Forty thousand copies of this declaration were in readiness to be circulated throughout the kingdom; and to meet the pressing necessities of the treasury more than a hundred millions of paper money was created. The movement in Paris, so far from thwarting the court, favoured its views. To the last moment it looked upon it as a passing tumult that might easily be suppressed; it believed neither in its perseverance nor in its success, and it did not ...
— History of the French Revolution from 1789 to 1814 • F. A. M. Mignet
... Revolution, by the feudal privileges of a noble caste which no longer gave any equivalent service to the state; trade was strangled by the system of high tariffs at the frontier and internal octrois; and finally public credit was shaken to its foundations by lavish issues of paper money and the ...
— Encyclopaedia Britannica, 11th Edition, Volume 3, Part 1, Slice 1 - "Austria, Lower" to "Bacon" • Various
... expenses of the war is assured; as a means of raising additional funds he proposes to convert the floating debt, now amounting to about 500,000,000 pesetas, into treasury bonds of small denomination, and to extend the Bank of Spain note issues. Spain may by this issue of additional paper money find herself in as unfortunate a position as did Cuba when Weyler endeavored to force paper money upon the people there. With an increase of twenty per cent. on taxes of all kinds, and with a paper money of doubtful value, Spain will indeed be ...
— The Great Round World and What Is Going On In It, Vol. 2, No. 23, June 9, 1898 - A Weekly Magazine for Boys and Girls • Various
... arrogance. He attempted to show arithmetically that the English funding system could not continue to the end of Mr. Pitt's life, supposing him to live to the usual age of man. The calculation is ingenious, but has not proved to be as accurate as some of Newton's. On the other hand, his remarks on paper money are excellent, and his sneer at the Sinking Fund, then considered a great invention in finance, well placed:—"As to Mr. Pitt's project for paying off the national debt by applying a million a year for that purpose while he continues adding more than twenty millions ...
— Atlantic Monthly, Vol. IV, No. 26, December, 1859 • Various
... or improved during the war, of uncultivated lands, of property mortgaged to its full value or with defective titles, of damage done by British troops, or of forage taken by them. Losses due to the fall in the value of the provincial paper money were thrown out, as were also expenses incurred while in prison or while living in New York city. Even losses in trade and labour were discarded. It will be seen that to apply these rules to thousands of detailed claims, all of which had to be verified, ...
— The United Empire Loyalists - A Chronicle of the Great Migration - Volume 13 (of 32) in the series Chronicles of Canada • W. Stewart Wallace
... conducting business as nearly as possible on a system of cash payments or short credits to hold themselves prepared to return to the standard of gold and silver. To aid our fellow-citizens in the prudent management of their monetary affairs, the duty devolves on us to diminish by law the amount of paper money now in circulation. Five years ago the bank-note circulation of the country amounted to not much more than two hundred millions; now the circulation, bank and national, exceeds seven hundred millions. The simple statement ...
— A Compilation of the Messages and Papers of the Presidents - Section 2 (of 2) of Volume 6: Andrew Johnson • James D. Richardson
... first Secretary of the Treasury had recommended the funding of both forms of indebtedness in obligations of the United States. His aim was to restore the value of the worthless continental dollar (a pound of tea sold for $90; a pair of shoes for $100; a barrel of flour for $1,500 in paper money) but it was pointed out that the assumption of State debts by the Government would result in most benefits to the Northern States where there was most of the trade, while mostly agriculture was in the South.... Thus we come to the famous compromise ...
— A Portrait of Old George Town • Grace Dunlop Ecker
... immediately. Reaching under the rear corner of the mats, he drew forth a large cash-box. Grief noted and wondered that it was not locked. The Samoan had always been fastidiously cautious in guarding cash. The box seemed filled with paper money. He skinned off the top note and ...
— A Son Of The Sun • Jack London
... credit by the direct expenditure of the Austrian war indemnity. It was his fixed principle that France should not pay for his wars, except with her children. He knew too well the thrift of the whole nation and the greed of the lower classes to jeopardize their good will either by the emission of paper money or by the increase of tax rates. The panic of 1805 had been precipitated by the virtual failure of a bankers' syndicate which made advances to the government on its taxes and on the annual Spanish contribution as well. In 1807 the war indemnity exacted from Prussia, Poland, and Westphalia ...
— The Life of Napoleon Bonaparte - Vol. III. (of IV.) • William Milligan Sloane
... the dispatches from London and Vienna. There was, evidently, a great disappointment at not getting money from England. That they want, is certain; nor do the ministers, I believe, know how to get it. Their paper money is at forty per cent. discount. I long ago told the queen, I did not think Mr. Pitt would go to parliament, and ask money of the country, in the present moment; that, if England saw every exertion made, in this country, to save themselves, ...
— The Life of the Right Honourable Horatio Lord Viscount Nelson, Vol. I (of 2) • James Harrison
... a sort of chill settling upon him even while he reached. The crackle of the envelope in his hands was loud. Green paper money lay soft within ...
— Sister Carrie • Theodore Dreiser
... of the lake frontier of the United States, better than Rochester, a more manufacturing mill-power place; a specimen of what enterprise, energy, and paper money credit can do: a specimen of the border population, where hatred to England reigns supreme among the lower classes, and where a residence of six months would quite cure any English ultra-radical destructive of good education; ...
— Canada and the Canadians, Vol. 2 • Richard Henry Bonnycastle
... War, with its enormous increase in the national debt and the volume of paper money, gold had gone to a high premium; and, as ever, by its fluctuations in price the value of all other commodities was determined. This led to the creation of a "Gold Room" in Wall Street, where the precious metal could be dealt in; while ...
— Edison, His Life and Inventions • Frank Lewis Dyer and Thomas Commerford Martin
... change in the banking systems of the country can hardly be questioned. The national system will create a reliable and permanent influence in support of the national credit and protect the people against losses in the use of paper money. Whether or not any further legislation is advisable for the suppression of State-bank issues it will be for Congress to determine. It seems quite clear that the Treasury can not be satisfactorily conducted unless the Government can exercise a restraining ...
— A Compilation of the Messages and Papers of the Presidents: Lincoln - Section 1 (of 2) of Volume 6: Abraham Lincoln • Compiled by James D. Richardson
... absorbed in the conflict that finally the question no longer occupied his mind. It lurked in his consciousness, like a voluptuous wish that merely tinged his daily existence; it was as though something within his mind had taken possession of his talent for design, and was always designing beautiful paper money and displaying it to ...
— Pelle the Conqueror, Complete • Martin Andersen Nexo
... as well, of course, as an inevitable weakness, is the variety of races and temperaments hidden under these blue-gray uniforms—Hungarians, Austrians, Croatians, Slovaks, Czechs. Things in universal use, like post-cards and paper money, often have their words printed in nine languages, and an Austro-Hungarian officer may have to know three or four in order to give the necessary orders to his men. And his men cannot fight for the fatherland as the Germans do; they must rally round a more or ...
— Antwerp to Gallipoli - A Year of the War on Many Fronts—and Behind Them • Arthur Ruhl
... and fifty million pounds of the national debt was converted from three and one-half per cent into a loan paying three and one-fourth per cent for ten years and three per cent thereafter. By another far-reaching measure—the Bank Charter Act—Peel placed salutary restrictions upon the issue of paper money, and increased his reputation as a master ...
— Ten Englishmen of the Nineteenth Century • James Richard Joy
... with the quantity but not proportionately to the quantity. Kublai-Khan, using a Chinese device, got possession of all the gold and silver and issued paper. His empire was so great that all trade was intragroup trade, and his power made his paper money pass.[313] The Andamanese made inferior pots to be used as a medium in barter.[314] They have very little trade; are on a stage of mutual gift making.[315] Token money is an aberration of the folkways, due to misapprehension ...
— Folkways - A Study of the Sociological Importance of Usages, Manners, Customs, Mores, and Morals • William Graham Sumner
... remains of his fleet and army, his ships damaged and weather beaten, and his men almost in a state of mutiny from having received no pay. In these straits the colonial government found it impracticable to raise money, and resorted to "bills of credit," the first paper money which had ever been issued on ...
— The Conquest of Canada (Vol. 1 of 2) • George Warburton
... The million dollars authorized for issue, together with interest at six per cent, pledged that province to the equivalent of four years' revenue. The risk was no light one. But it was nobly run and well rewarded. These Army Bills were the first paper money in the whole New World that never lost face value for a day, that paid all their statutory interest, and that were finally redeemed at par. The denominations ran from one dollar up to four hundred dollars. Bills of one, two, three, and four ...
— The War With the United States - A Chronicle of 1812 - Volume 14 (of 32) in the series Chronicles of Canada • William Wood
... me my twelve thousand francs in ducats, and I made him my friend, as he thanked me for receiving the moneys in ducats, and he doubtless made a profit on the transaction, gold being a commodity in Holland, and all payments being made in silver or paper money. ...
— The Memoires of Casanova, Complete • Jacques Casanova de Seingalt
... in addition to the coinage of silver, the issuance of paper money in two, five, and ten peso notes. All of the coins and bills were readily interchangeable with the United States coins in common use, the dollar being worth two pesos, the half dollar one peso, the twenty-five cent piece a half peso, the ten-cent piece a peseta, the five-cent piece ...
— The Philippines: Past and Present (vol. 1 of 2) • Dean C. Worcester
... his kindest regards. He is just come in from our ticket sales, and has put such an immense untidy heap of paper money on the table that it looks like a family wash. He hardly ever dines, and is always tearing about at unreasonable hours. He ...
— The Letters of Charles Dickens - Vol. 2 (of 3), 1857-1870 • Charles Dickens
... nature of money has not changed. Its material and form and denominations have been modified but the functions of money as a storage of values and as a measure of values and as a medium of exchange remain the same. Our gold and silver and paper money may be more convenient and more exact, but its functions are just the same as the ...
— Usury - A Scriptural, Ethical and Economic View • Calvin Elliott
... studded with nails, announce that that house is the bank of the town. Come in with that yeoman whose broad face tells its tale, sheepish and down-eyed,—he has come, not to invest, but to borrow. What matters? War is breaking out anew, to bring the time of high prices and paper money and credit. Honest yeoman, you will not be refused. He scratches his rough head, pulls a leg, as he calls it, when the clerk leans over the counter, and asks to see "Muster Mawnering hisself." The clerk points to the little ...
— Lucretia, Complete • Edward Bulwer-Lytton
... precious stones, opals, rubies, sapphires, diamonds, agates, amethysts, cups of agate, golden snuff-boxes, natural crosses in agate, skulls made into cases and pocket books, brilliant mosaics and rosaries of gold. Father Osoro directed my attention to the paper money of the French Revolution, of the Cuban (so-called) Republic and of St. Domingo. He showed me Roman, Spanish, Lusatanian, English, French, Belgian, Australian, German, Swedish, Danish, Chinese and Japanese coins. Here were immense stone earrings ...
— Donahoe's Magazine, Volume 15, No. 2, February 1886 • Various
... consideration, and other material circumstances, no man on earth can say what they are worth. One fact, however, is certain, that all debts of any considerable amount contracted by the United States, while their paper money existed, are subject to a deduction, and not payable at any fixed period. I think I may venture to say, also, that there are no debts of the United States, 'on the same footing with the money loaned by ...
— Memoir, Correspondence, And Miscellanies, From The Papers Of Thomas Jefferson - Volume I • Thomas Jefferson
... paper, called Conventions-Muenze (conventional currency), are current for ordinary purposes; and it is necessary to get them changed for the current paper Wiener Waehrung.To explain this matter more fully and clearly: there are two sorts of paper money in the Austrian Dominions. One is called Conventions-Muenze (conventional currency), which is fully equivalent to gold and sliver and cannot be refused as such throughout the whole of the Austrian dominions; the other, ...
— After Waterloo: Reminiscences of European Travel 1815-1819 • Major W. E Frye
... the constant appearance of money in every exchange has overturned and misled all our ideas; men have ended in thinking that money was true riches, and that to multiply it was to multiply services and products. Hence the prohibitory system; hence paper money; hence the celebrated aphorism, "What one gains the other loses;" and all the errors which have ruined the earth, and imbrued it with blood.[17] After much research it has been found, that in order to make the two services exchanged of equivalent value, and in order to render the exchange ...
— Sophisms of the Protectionists • Frederic Bastiat
... town, or at least at Hammersmith. He is writing or going to write in the Courier against Cobbett, and in favour of paper money. ...
— The Works of Charles and Mary Lamb, Vol. 5 • Edited by E. V. Lucas
... selling were carried on by the use of money, and money ceased to be a stable medium of exchange in Europe. It would be more correct to say that money was no longer taken seriously in many parts of Europe. During the war the European governments printed 75 billions of dollars' worth of paper money. This paper depreciated to a ridiculous extent. Before the war, the franc, the lira, the mark and the crown had about the same value—20 to 23 cents, or about five to a dollar. By 1920 the dollar bought 15 francs; 23 liras; 40 marks, and 250 Austrian crowns. In some of the ready-made countries, constituted ...
— The American Empire • Scott Nearing
... what the officers of State say about it, and they are a desarnin' set of men. But," says I, "I guess you 're mistaken about what the proclamation says. It don't say the people will lose anything by the paper money being taken for taxes. It only says 'there will be danger of loss'; and though it is tolerable plain that the people can't lose by paying their taxes in something they can get easier than silver, instead of having to pay silver; and though it's just as plain that the ...
— The Papers And Writings Of Abraham Lincoln, Complete - Constitutional Edition • Abraham Lincoln
... left Virginia, but for my indulgences to the debtors." In 1778 he said that six or seven thousand pounds that he had in bonds upon interest had been paid in depreciated paper, so that the real value was now reduced to as many hundreds. Some of the paper money that came into his hands he invested in government securities, and at least ten thousand pounds of these in Virginia money were ultimately funded by the federal government for six thousand two hundred and forty-six dollars in three and six per ...
— George Washington: Farmer • Paul Leland Haworth
... undoubtedly the leading Democrat in the Senate, after his return to that body, Mr. Benton was the recognized leader of President Jackson's adherents in that body. His fierce opposition to "Biddle and the Bank," with his prediction that the time would come when there would be no paper money, but when every laboring man would have a knit silk purse, through the meshes of which the gold coin within could be seen, obtained for him the sobriquet of "Old Bullion." His greatest triumph was the passage of a resolution by the ...
— Perley's Reminiscences, Vol. 1-2 - of Sixty Years in the National Metropolis • Benjamin Perley Poore
... embarrassed. Having sowed the wind by its issues of bills of credit, it was now reaping the whirlwind. By the end of the war this paper money had so far depreciated that it ceased to pass as currency. "Not worth a continental" has passed into our native idiom. Without power to levy taxes, Congress could only make requisitions upon the States. The returns were pitifully inadequate to the needs of government. ...
— Union and Democracy • Allen Johnson
... appointed by post-card—always in Patty's hand if the initiative were female; they took place three or four times a week. As it was now necessary for Eve to make payments on her own account, Hilliard despatched to her by post a remittance in paper money, and of this no word passed between them. Three weeks later he again posted the same sum. On the morrow they went by river to St. Cloud—it was always a trio, Hilliard never making any other proposal—and the steam-boat afforded Eve an opportunity of speaking ...
— Eve's Ransom • George Gissing
... all Lyons by his prodigious bankruptcy, which caused the most terrible results. Desmarets assisted him as much as possible. The discredit into which paper money had fallen, was the cause of his failure. He had issued notes to the amount of twenty millions, and owed almost as much at Lyons. Fourteen millions were given to him in assignats, in order to draw him out of his difficulties. It is pretended that he found ...
— Marguerite de Navarre - Memoirs of Marguerite de Valois Queen of Navarre • Marguerite de Navarre
... duty of a literary man, and that true dignity consists in diligent labor rather than in indolent railing at fate and the scoffings of "uncomprehended" genius. Monsieur Champfleury was no poet. He detested poetry, and his accurate perception of the world showed him that poetry is a good deal like paper money, which depends for its current value rather upon the credit possessed by the issuer than upon its own intrinsic value. He pressed Murger to abandon poetry and take to prose. He was successful, and Murger ...
— The Atlantic Monthly, Vol. 12, No. 74, December, 1863 • Various
... Real paper money, at this time of year especially, is very cheering. I head up to Sam Goody's to see what records he's got on sale and what characters are buying them. Maybe I'll buy something, maybe not, but as long as I've got money in my pocket, I don't feel like ...
— It's like this, cat • Emily Neville
... generous in the face of so many of these demands upon his exchequer, but the more he gave the more he was asked to give. When the stress of European wars curtailed the king's bounty the colonial authorities began to issue paper money; the issues were gradually increased; the paper soon depreciated, and in its closing years the colony fairly wallowed in the slough of ...
— The Seigneurs of Old Canada: - A Chronicle of New-World Feudalism • William Bennett Munro
... expenditure of the Imperial authorities, for ship- building, transport service, and army supplies, and the free circulation of the paper money issued by the Canadian Government, greatly stimulated the material prosperity of the country. [Footnote: The paper money of the United States was not redeemed till it had greatly depreciated in value, to the often ruinous loss of the holders.] Its peaceful industries, ...
— Neville Trueman the Pioneer Preacher • William Henry Withrow
... the Strand and across Trafalgar Square did a good deal toward restoring the poise of her wits. For safety, she had pinned the envelop containing her paper money and tickets inside her blouse. The mere presence of the solid little parcel reminded her at every movement that she was truly bound for the wonderful Engadine, and, now that the notion was becoming familiar, she was the more astonished ...
— The Silent Barrier • Louis Tracy
... this constant degradation of the people; some thing or some person that was to put all right; and for my part, I was not unready to support any proposal or follow any leader. There was reform, and there was paper money, and no machinery, and a thousand other remedies; and there were demagogues of all kinds, some as had as myself, and some with blood in their veins almost as costly as flows in those of our great neighbour here. Earl de Mowbray, and I have ...
— Sybil - or the Two Nations • Benjamin Disraeli
... woeful lack of good money in the County and industry was paralyzed. The gold and silver that remained was carefully hoarded, and for months none was in circulation except in the towns. The people had no faith in paper money of any description and thought that greenbacks would become worthless in the same way as had Confederate currency. All sense of values had been lost, which fact may account for the fabulous and fictitious prices obtaining in the South for several years ...
— History and Comprehensive Description of Loudoun County, Virginia • James W. Head
... to bribe legislatures, and money made from the banks was employed in buying more land. The promoters of the Chemical Bank set aside a considerable sum of money and $50,000 in stock for the bribery fund.[117] No sooner had it received its charter than it began to turn out reams of paper money, based upon no value, which paper was paid as wages to its employees as well as circulated generally. So year after year the bribery went on ...
— History of the Great American Fortunes, Vol. I - Conditions in Settlement and Colonial Times • Myers Gustavus
... Bank had shaken public confidence in this institution, and it likewise suspended specie payments. The mercantile failures of a single fortnight in New York City amounted to $100,000,000. A repeal of Jackson's order that payments for public lands should be in coin filled the National Treasury with paper money. Congress met in special session to relieve the financial distress. A law was passed authorizing the issue of $10,000,000 in Treasury notes. This brought some relief. President Van Buren's first message recommended the adoption by the government of the Sub-Treasury plan. ...
— A History of the Nineteenth Century, Year by Year - Volume Two (of Three) • Edwin Emerson
... clearing-house, and was paid by the Crocker- Woolworth Bank. The next day, the check having been cleared, Dean called and drew out $20,000, taking the cash in four bags of gold, the teller not having paper money convenient. He had a vehicle at the door, with his office boy inside as driver, and away he went. At the end of the month, when the Crocker-Woolworth Bank made returns to the Woodland Bank, it included the draft for $22,000. Here the fraud ...
— Forty Centuries of Ink • David N. Carvalho
... They do not necessarily contradict each other. Of course the war is being largely paid for immediately out of the accumulated private wealth of the past. We are buying off the "hold-up" of the private owner upon the material and resources we need, and paying in paper money and war loans. This is not in itself an impoverishment of the community. The wealth of individuals is not the wealth of nations; the two things may easily be contradictory when the rich man's wealth consists of land or natural resources or franchises or privileges the use of ...
— War and the Future • H. G. Wells
... psychological inefficacy of legal threats, you have but to think of that curious crime which has now assumed a frequency never known to former centuries, namely the making of counterfeit money. For since paper money—from want or for reasons of expediency—has become a substitute of metal coin in the civilized countries, the making of counterfeit paper money has become very frequent in the nineteenth century. ...
— The Positive School of Criminology - Three Lectures Given at the University of Naples, Italy on April 22, 23 and 24, 1901 • Enrico Ferri
... which were pretty much to the effect of those I have already mentioned. He had never suffered an account to stand in his life, always providing the money before he purchased anything; and, if possible, paying in gold and silver. He had a great dislike to paper money, and seldom went without a considerable sum in gold about him. On my observing that it was a wonder he had never been waylaid and robbed, the young fellow smiled at the idea of any one venturing upon such an exploit, for I believe he thinks the old man would be a match for Robin ...
— Bracebridge Hall • Washington Irving
... the food of civilised mankind. Doubtless many persons take an extreme line on this matter solely because of some calculation of social harm; many, but not all and not even most. Many people think that paper money is a mistake and does much harm. But they do not shudder or snigger when they see a cheque-book. They do not whisper with unsavoury slyness that such and such a man was "seen" going into a bank. I am quite convinced that ...
— George Bernard Shaw • Gilbert K. Chesterton
... except a few which show the spirit of the times; and are mostly long and able constructions of militia laws, now obsolete. About this time he issued a proclamation suspending the acts of assembly, and making paper money* a tender in law, which, although strong, was certainly a ...
— A Sketch of the Life of Brig. Gen. Francis Marion • William Dobein James
... ready cash. How much of this money will come forth to buy the various short-time loans no one is able to tell beforehand. But the big manufacturing interests are craving for foreign gold loans, not for internal paper money loans. ...
— The New York Times Current History: the European War, February, 1915 • Various
... not even the will to govern well and make the new Austria into a going concern. Hence arises the economic problem of Austria, which is certainly grave. Here is a State which persistently refuses to live on its income, and prints off paper money to make up its deficiency. A highly expensive bureaucracy five times as large as is needed for little Austria pays itself first, and as for the rest of the population the devil can take the hindmost. The money-printing press works night and day. No ...
— Europe—Whither Bound? - Being Letters of Travel from the Capitals of Europe in the Year 1921 • Stephen Graham
... Establishment and Maintenance of Marine Hospitals. 12. Sea Coast and Inland Fisheries. 13. Ferries between a Province and any British or Foreign Country or between Two Provinces. 14. Currency and Coinage. 15. Banking, Incorporation of Banks, and the Issue of Paper Money. 16. Savings Banks. 17. Weights and Measures. 18. Bills of Exchange and Promissory Notes. 19. Interest. 20. Legal Tender. 21. Bankruptcy and Insolvency. 22. Patents of Invention and Discovery. 23. Copyrights. 24. Indians, and Lands reserved for the Indians. ...
— The British North America Act, 1867 • Anonymous
... of defence of and methods of attack on that colony. I conclude by observing that scarcely any coinage is to be found in circulation there. They use a currency of copper with which they pay the troops, and some paper money." (* Compare Peron's remark concerning the little time at his disposal. Both reports were written only a few days before Le Geographe ...
— The Life of Captain Matthew Flinders • Ernest Scott
... whole as to matters spiritual than her sister of the shield and trident, rolled with exceeding smoothness down hill, making paper money and spending it. Under the guidance of her Christian pastors, she entertained herself, besides, with such humane achievements as sentencing a youth to have his hands cut off, his tongue torn out with pincers, and his body burned alive, because he had not kneeled down ...
— A Tale of Two Cities - A Story of the French Revolution • Charles Dickens
... order of the day. Banks and other institutions of credit were set up, colonizing schemes were devised, and railways were laid out. To meet the demands of all these enterprises, the Government borrowed immense sums from foreign capitalists and issued vast quantities of paper money, with little regard for its ultimate redemption. Argentina spent huge sums in prodigal fashion on all sorts of public improvements in an effort to attract still more capital and immigration, and thus entered upon ...
— The Hispanic Nations of the New World - Volume 50 in The Chronicles Of America Series • William R. Shepherd
... would have fallen to you. Your taxes would not have been lessened, because she would have been in no condition to have paid any towards your relief. We are rich by contrivance of our own, which would have ceased as soon as you became masters. Our paper money will be of no use in England, and silver and gold we have none. In the last war you made many conquests, but were any of your taxes lessened thereby? On the contrary, were you not taxed to pay for the ...
— The Writings Of Thomas Paine, Complete - With Index to Volumes I - IV • Thomas Paine
... incompleted contract, great and small, the robbery of Peter to pay Paul is to be fore-ordained. The whole measure looks to me like a fearful assault upon the public credit. The losses it will inflict upon the holders of paper money and many others will be large, and if the bill, without further radical amendments, obtains the approval of the Senate, it will give the death-blow to the cardinal policy of the country, which now seeks a large reduction of the rate of interest upon our national debt. Even that ...
— American Eloquence, Volume IV. (of 4) - Studies In American Political History (1897) • Various
... that the man remained lying stunned till the cook and a stable-boy ventured forth at dusk from their hiding-places and picked him up. But by that time the mob had departed, carrying off the tin box, which they supposed to be full of paper money. Some distance from the house, in the middle of a field, they broke it open. They found in side documents engrossed on parchment and the two crosses of the Legion of Honour and For Valour. At the sight of these ...
— A Personal Record • Joseph Conrad
... are valuable it is best to burn them. Paper will hold germs for several weeks. Recent experiments show that certain pathogenic bacteria, including the bacilli of diphtheria, will live for twenty-eight days on paper money.—EDITOR. ...
— The Home Medical Library, Volume V (of VI) • Various
... sure to vary in supply; that the medium of exchange should be of material so plentiful that blind nature or designing men cannot reduce the supply of it below the government demand for it; that the money so created should be durable, easy of transportation, and difficult of counterfeiting; that paper money is the easiest of transportation, the most difficult to be counterfeited, and in a sense the most durable, because so easily replaced when lost; that to base the medium of exchange upon value is as effectual as to stamp it upon value; that out of deference to foreign customs and the necessities ...
— The Arena - Volume 4, No. 21, August, 1891 • Various
... order to rouse it to action, and so set the intellect in motion; for it is the latter which has to give effect to these motives of the will. Compared with real and natural motives, these are but as paper money to coin; for their value is only arbitrary—card games and the like, which have been invented for this very purpose. And if there is nothing else to be done, a man will twirl his thumbs or beat the devil's ...
— The Essays Of Arthur Schopenhauer: The Wisdom of Life • Arthur Schopenhauer
... view to unity of the monetary system of the east, where great masses of coarse silver money—much of which too easily admitted of being debased or worn away—and to some extent even, as in Egypt, a copper coinage akin to our paper money were in circulation, and the Syrian commercial cities would have felt very severely the want of their previous national coinage corresponding to the Mesopotamian currency. We find here subsequently ...
— The History of Rome (Volumes 1-5) • Theodor Mommsen
... sitting against the logs in the black shadow, and in the midst of them always squatted an unsavory Indian squaw. A few braves usually stood like statues at the corner, and in front of the door another group of hunting shirts. Without was the paper money of the Continental Congress, within the good tafia and tobacco of Monsieur Vigo. One day Monsieur Vigo's young Creole clerk stood shrugging his shoulders ...
— The Crossing • Winston Churchill
... established in 1619, was a bank of deposit and circulation based upon fine silver bars. The deposits were confined to silver. The Bank of England is more than 200 years old and is to-day acknowledged to be the greatest financial institution in the world. Nearly all the paper money of England is issued by this bank. This currency is based partly upon securities and partly upon deposits of coin. There are three or four banks in the United States more than one hundred years old. In 1781 Robert Morris, then superintendent ...
— Up To Date Business - Home Study Circle Library Series (Volume II.) • Various
... greater activity. Kate Seton was in her homely parlor. She was at her desk. That Bluebeard's chamber, which roused so much curiosity in her sister, was open. The drawers were unlocked, and Kate was sorting out papers, and collecting the loose paper money she ...
— The Law-Breakers • Ridgwell Cullum
... the stately dignity of the American system. Discarding theories and overthrowing the dogma of strict construction, he committed the General Government irrevocably to internal improvements. Condemning the worthless system of paper money imposed upon the people by irresponsible State banks, he stood firmly for a national currency, and he foreshadowed if he did not reach the paper money which is based to-day on the credit and the strength ...
— Twenty Years of Congress, Vol. 1 (of 2) • James Gillespie Blaine
... round and advocate "ten cents per day" for poor folks and laboring men? It will look rather bad; but, then, Sag Nicht Democracy can go any thing! This old "ten cents per day" champion of Democracy advocated, in so many words, the reduction of all paper money prices to the real Cuba standard of solid money! We take extracts from his speech, which will be found in the Appendix to ...
— Americanism Contrasted with Foreignism, Romanism, and Bogus Democracy in the Light of Reason, History, and Scripture; • William Gannaway Brownlow
... shopping. Each shop looked as empty as if it had been through a Saturday night's sale. One had elderly raisins, another had a few potatoes. We found some onions, bought another cooking pot and kitchen necessaries, and packed them in the carts which had arrived in the town. Nobody would take paper money unless we bought ten francs' worth. After waiting an hour and a half we hunted down the colonel. The telephone official told us he had got leave from the Government. At last we found him in the mayor's office, bristling ...
— The Luck of Thirteen - Wanderings and Flight through Montenegro and Serbia • Jan Gordon
... Franklin attracted much attention, and created for him a growing literary reputation. The subject of paper money which agitated our country, was then being discussed in Pennsylvania with intense interest. Franklin wrote a carefully studied pamphlet entitled "A Modest Inquiry into the Nature and Necessity of a ...
— Benjamin Franklin, A Picture of the Struggles of Our Infant Nation One Hundred Years Ago - American Pioneers and Patriots Series • John S. C. Abbott
... like. Ten thousand measures of wheat, at twelve gulden fifty a measure in paper money, that makes a hundred and twenty-five thousand gulden, or fifty thousand gulden silver. Come here, little treasure, and sit on my knee; you're tired, aren't you? And did my dear never-to-be-forgotten friend send ...
— Timar's Two Worlds • Mr Jkai
... for the poor soldier lads, after the officers have got through stealing it, is paid to them in the paper money Weyler tried to force on Cuba. (You can read about it in No. 2 of THE GREAT ROUND WORLD.) This money is utterly worthless; none of the Cuban merchants will take it, and yet it is given to the poor soldiers, and they are told to go and buy what they want, Weyler well knowing that ...
— The Great Round World And What Is Going On In It, April 1, 1897 Vol. 1. No. 21 - A Weekly Magazine for Boys and Girls • Various
... ruinous effects of Mississippi, South Sea, and such schemes were not owing to an abuse of paper money or credit, in making it a means for idleness and gaming, instead of a motive and help ...
— The Querist • George Berkeley
... bowing his head before the image of the Lord of Light, the Buddha, or the peasant woman with her paper money alight in the brazier at the feet of Kwan-yin, we ought to feel that the place where he who worships stands, is holy ground. We hear it said that he is worshipping an image, an idol, a thing of stone or wood or clay. It is not so; he is thinking ...
— My Lady of the Chinese Courtyard • Elizabeth Cooper
... tied up that hand and sympathized with the rich chap; then he took that satchel and divided the paper money into two bundles. One was twice the size of the other, and the silent man took the smaller one. There was only twelve thousand dollars in it. Also, he took the ruby brooch for a friend—and as a sort of ...
— Riders of the Silences • Max Brand
... though that were a joke. Well, it was something of a joke. Stubby got ten cents a week out of his paper money. The rest he ...
— Lifted Masks - Stories • Susan Glaspell
... mistaken," I replied, "I shall find the paper money also, within twenty-four hours. I shall go to Drysdale's plantation to-morrow night, and shall search the ground in that group of trees of which you have already heard so much. I think we shall find there all ...
— The Somnambulist and the Detective - The Murderer and the Fortune Teller • Allan Pinkerton
... Inventions. Lesson 11, The effects of machinery on rural life. Lesson 21, Before coins were made. Lesson 22, The minting of coins. Lesson 23, Paper money. Lesson 24, Money in the community and the home. ...
— Community Civics and Rural Life • Arthur W. Dunn
... our ravished one you will, I suppose, permit his beloved country to pay—in its new paper money at 'most any discount—and call it square, eh?" Half the bitterness of her tone was in ...
— Kincaid's Battery • George W. Cable
... suggested. I was interested in his reference to the double purpose of the tax and in the reasons he gave for its comparative failure. The tax had a fiscal purpose, partly to cover deficit, partly by drawing in paper money to raise the value of the rouble. It had also a political purpose. It was intended to affect the propertied classes only, and thus to weaken the Kulaks (hard-fists, rich peasants) in the villages and to teach ...
— Russia in 1919 • Arthur Ransome
... trouble was the lack of a strong national government which could have compelled the British government to open its ports to American commerce. But the people only saw that money was scarce and called upon the state legislatures to give them paper money. ...
— A Short History of the United States • Edward Channing
... of that day was debased, I quote the following passage from Governor McNutt's message of 1840, proposing to repeal the bank charters, and to legalize the forgery of their notes—'The issuing of paper money, in contravention of the repealing act, could be effectually checked by the abrogation of all laws making it penal to forge such paper.' (Sen. Jour. p. 53.) Surely, nothing, but the fell spirit of slavery, could have dictated such ...
— Continental Monthly, Vol. 4, No 3, September 1863 - Devoted to Literature and National Policy • Various
... his credit that he at the same time placed in the treasury a sum of two millions of francs to cover any incorrectness which might be discovered or suspected in his accounts, and any loss which might be sustained from the depreciation of the paper money lately issued under his administration, though not with his approbation. All the rest of his colleagues retired at the same time, except the foreign secretary, M. Montmorin. They had recently been attacked with great violence in the Assembly by a combination of the most ...
— The Life of Marie Antoinette, Queen of France • Charles Duke Yonge
... as in life there can be no cheating. The thief steals from himself. The swindler swindles himself. For the real price of labor is knowledge and virtue, whereof wealth and credit are signs. These signs, like paper money, may be counterfeited or stolen, but that which they represent, namely, knowledge and virtue, cannot be counterfeited or stolen. These ends of labor cannot be answered but by real exertions of the ...
— Essays • Ralph Waldo Emerson
... this early coinage (mostly fakes) are known to connoisseurs. Some of these were beautifully finished, and even inlaid with gold. Early in the ninth century, bills of exchange came into use; and from the middle of the twelve century paper money became quite common, and is still in general use all over China, notes being issued in some places for amounts less ...
— The Civilization Of China • Herbert A. Giles
... as abstract economic theory is concerned. Activity in that department was confined to Webb and myself. Later on, Pease's interest in banking and currency led him to contribute some criticism of the schemes of the currency cranks who infest all advanced movements, flourishing the paper money of the Guernsey Market, and to give the Society some positive guidance as to the rapid integration of modern banking. But this was an essay in applied economics. It may be impossible to draw a line between the old abstract deductive economics ...
— The History of the Fabian Society • Edward R. Pease
... at the height of its stock-jobbing success, gave glorious accounts of fortunes made in a night, and of thousands who had become rich and were living in unheard of luxury. Schemes were floated on every possible kind of ventures, and so plentiful was the "paper money" that nothing was too absurd for speculators. All these schemes, which soon came to nought, went, later, by the name of "Bubbles," and this essay of Swift's touches the matter with ...
— The Prose Works of Jonathan Swift, D.D., Vol. VII - Historical and Political Tracts—Irish • Jonathan Swift
... per cent. upon the first class commercial bills. He states that a friend of his has lately lent 100,000l. at 1-1/2 to 2 per cent., being the highest rate he could obtain. This condition of the Money Market he attributes to the large amount of paper money in circulation, compared with the demands of commerce. Our correspondent favours us with some figures, illustrative of his views, from November, 1841, to the present month, taken from the Gazette returns, and observing that ...
— The Economist - Volume 1, No. 3 • Various
... dollars—half a dollar to every individual in the nation. And they proposed to fund something. They had heard that this was always done in such emergencies. They proposed duties on exports; also on imports. And they wanted to issue bonds; also paper money, redeemable in yams and cabbages in fifty years. They said the pay of the army and of the navy and of the whole governmental machine was far in arrears, and unless something was done, and done immediately, national bankruptcy must ensue, and possibly insurrection and revolution. The ...
— Innocents abroad • Mark Twain
... interior and coast, which worked itself out in interesting fashion. In general this took these forms: contests between the property-holding class of the coast and the debtor class of the interior, where specie was lacking, and where paper money and a readjustment of the basis of taxation were demanded; contests over defective or unjust local government in the administration of taxes, fees, lands, and the courts; contests over apportionment in the legislature, whereby the coast was able to dominate, ...
— The Frontier in American History • Frederick Jackson Turner
... make good the paper money we were speaking about in No. 30, but as the twenty millions is only to be in bonds, and not in money, people who understand such matters declare that it will not help at all; the people will not have any more faith in one piece of paper than in the other. The extra burden ...
— The Great Round World and What Is Going On In It, Vol. 1, No. 33, June 24, 1897 - A Weekly Magazine for Boys and Girls • Various
... whiteness, while on shelves were bright colored vessels and measures. On ordering the wine, Paul noticed the landlord eyeing him suspiciously, so he took from the little boat which he still carried, a book, among the leaves of which was some Italian paper money. Throwing a ten lire note ($2.00), to the landlord, he ordered wine for the full amount, and the twelve apostles were soon enjoying it. Boyton sat down and mechanically took the measure every time it was handed to him and drank. He tried to listen to the conversation of ...
— The Story of Paul Boyton - Voyages on All the Great Rivers of the World • Paul Boyton
... attached to it, and the reason of this I was at first at some loss to account for. But a moment's reflection told me that it was to assist in the fulfilment of our share of the bargain. So, taking a five-pound note from the secret pocket in which I carried my paper money, I tied the string to it, and it was instantly withdrawn. A minute could not have elapsed before I was at work upon the staple of my collar, and in less than half an hour it was filed through and the ...
— A Bid for Fortune - or Dr. Nikola's Vendetta • Guy Boothby
... gun-tsoa, 'silver paper.' Most families prefer to previously fold every sheet in the shape of a hollow ingot, a 'silver ingot,' gun-kho as they call it. This requires a great amount of labour and time, but increases the value of the treasure immensely." (De Groot, I. 25.) "Presenting paper money when paying a visit of condolence is a custom firmly established, and accordingly complied with by everybody with great strictness.... The paper is designed for the equipment of the coffin, and, accordingly, always ...
— The Travels of Marco Polo Volume 1 • Marco Polo and Rustichello of Pisa
... 't will shave you itself," retorted the joker, and this allusion to the steady depreciation of the colony paper money called forth ...
— Janice Meredith • Paul Leicester Ford
... her and told her to keep the money because it was Union Money. You know at that time they were using Confederate money. My father kept it. He had a little box or chest of gold and silver money. Whenever he got any paper money, he would change it ...
— Slave Narratives: A Folk History of Slavery in the United States - Volume II. Arkansas Narratives. Part I • Work Projects Administration
... of 1780 the Americans were, perhaps, more disheartened than at any other period of the war. They were, as we shall see, losing in the south, and their hope of decisive help from France was again disappointed. Congress continued to issue paper money until its notes became of so little value that ten paper dollars were exchanged for a cent; there was no money and no credit, and Washington was forced to levy contributions on the surrounding country to supply his army. The people generally ...
— The Political History of England - Vol. X. • William Hunt
... been going through a period of low exchange. Paper money fell below par. The exaggerated issues of it, which provoked the collapse of exchange, suddenly endowed Brazil with an abundant circulation of money. Production was enormously stimulated. New undertakings ...
— All About Coffee • William H. Ukers
... the intent of the Assembly. He admitted that the sixth was of more consequence. It seems that L100,000 had been voted, appropriated, raised, and expended, chiefly for the defense of the colony. The manner of doing this was to issue paper money to this amount, to make it legal tender, and then to retire it by the proceeds of the tax levy. The proprietaries insisted that they could not be compelled to receive their rents in this money, and the lords now found for them. Franklin ...
— Benjamin Franklin • John Torrey Morse, Jr.
... trained to fight and experienced enough to know that a single defeat does not mean the loss of all hope, and that "ability and constancy correct misfortune." He denounced the misuse of public funds and declared himself against state paper money not guaranteed, pointing out that such a currency was a clear violation of the right of property, since men who had objects of real value had to exchange them for paper, the price of which was uncertain and even imaginary. Acknowledging that the ...
— Simon Bolivar, the Liberator • Guillermo A. Sherwell
... fell out upon the carpeted floor, and it was easy to surmise that the guerillas had looted the safe of all that could be made valuable to them. Levi declared three hundred dollars in gold gone, also two hundred in United States paper money, besides a small box of jewellery, the most valuable articles in which had been a diamond ring and a diamond stud Duncan Lyon had worn during his life, and of which no ...
— An Undivided Union • Oliver Optic
... readiness by the headman of the village, who has been warned the day before by the messenger. At every stage a few roubles[16] are paid to the Mongol attendants. This payment has always to be made in silver roubles, for the Mongols will not take paper money or small coins. ...
— From Pole to Pole - A Book for Young People • Sven Anders Hedin
... course,) have been created. The currency is now at 22 per cent. discount as compared with gold, and further depreciation is apprehended. (It has since reached 50 per cent. discount.) It is modelled on our American paper money, and is actually printed in New York. Let us hope that Japan may soon be able to follow the Republic farther by making it convertible—as good as gold. Notwithstanding its wide "base"—in short, our greenbackers' ...
— Round the World • Andrew Carnegie
... 1889 with delegates present from every Southern State, except West Virginia, and from some of the Middle Western States. The National Assembly of the Knights of Labor was also held in St. Louis at this time, and a joint declaration of beliefs was put forth. This platform called for the issue of more paper money, abolition of national banks, free coinage of silver, legislation to prevent trusts and corners, tariff reform, government ownership of railroads, and restriction of public lands ...
— The New South - A Chronicle Of Social And Industrial Evolution • Holland Thompson
... next grave danger is financial. The European Allies have so bled the English for money that the English would by this time probably have been on a paper money basis (and of course all the Allies as well) if we had not come to their financial aid. And we've got to keep our financial aid going to them to prevent this disastrous result. That wouldn't at once end the war, if they had all abandoned specie ...
— The Life and Letters of Walter H. Page, Volume II • Burton J. Hendrick
... payment of interest on the state debt was met by the appropriation of one-third of those taxes to government expenses. To be sure the Legislature had refused to provide for the emission of any more paper money, and this, in the opinion of many, was unpardonable but it had shown a disposition to make up in some degree for this failure by passing a law to establish a mint in Boston. These concessions practically cut the ground out from under the rebellion, and the practical minded people ...
— The Duke of Stockbridge • Edward Bellamy
... THE CLOSE OF THE WAR.—The Congress during the war had issued paper money to the amount of twenty millions of dollars. It had no power to lay taxes, or to compel the States to pay their several portions of the public indebtedness. The States themselves were poor, and ...
— Outline of Universal History • George Park Fisher
... be lighter and of greater value—therefore much easier to make away with. Some lone bandit, or gang of bandits, might find it well worth their while to hold up the scow brigade and make off with that little piece. And, besides, until very recently, the Indians have had no sense of the value of paper money. An Indian cannot see why one piece of paper should be worth five dollars, and another exactly like it in size and colour should be worth ten, or twenty, or fifty—and another piece of paper be worth nothing at all. I am sure no ...
— Connie Morgan in the Fur Country • James B. Hendryx
... of that high protectionist, Thomas Jefferson. He had no sympathies with any measures that would debase or unsettle the currency, and set his face and gave his powerful influence against all forms of fiat or irredeemable paper money, and the kindred folly of the free coinage of silver by this country alone, without the concurrence of the commercial nations of ...
— Autobiography of Seventy Years, Vol. 1-2 • George Hoar
... has proved successful. Nothing less than the national credit is sufficiently solid and enduring to be the basis of a paper currency throughout the vast extent of our country. It is eminently fit that this perfect solidarity of the central government with those who furnish paper money for the people of every locality, should be required and maintained on a proper basis. But the currency thus provided is not liable to any of the objections properly urged against a paper circulation issued by the Government itself; it is issued by individuals or companies, and secured ...
— Continental Monthly, Vol. 5, Issue 2, February, 1864 • Various |
