Money and Its Laws: Embracing a History of Monetary Theories, and a History of the Currencies of the United States

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H. V. and H. W. Poor, 1877 - 623 Seiten

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Money the highest form of finished work
19
Their use always barter
21
Mr Jevonss address proof of the extremity to which the old school
22
THE BANK OF ENGLAND
24
The inconvenience and distress
27
That a currency may be convertible the means therefor must be provided
31
Persistent action of the Bondholders
33
Absurdity of such distinctions
39
Price of bullion from 1813 to 1819
50
Always a forced loan
51
Constant and excessive fluctuations the law of all government currencies
52
Always a forced loan
57
The propriety of its issue shown by its return in the payment of the bills
57
Methods followed in the investigation of its laws those of the Schoolmen
61
Erroneous assumptions in reference to money
65
6
81
Its impracticability
86
Does not displace a corresponding amount of coin
90
Adopts the deductive method
100
Labor as an abstract notion the real measure of values coin the appar
107
The expense of maintaining all kinds of property is in ratio to its cost
109
absurd
115
All notes issued return regularly for redemption
123
Exported in consequence of previous expenditures
126
Advantages resulting from the use of the former
129
Advances to be made to merchants only as the representatives of manu
135
The age of Protection the heroic
141
Contrast between the old and new races
142
Sketch of the history of usury note
143
1st That wealth consisted in gold and silver
144
Money the measure of value and money the instrument of commerce
149
A person rich in proportion to the amount he holds
150
Importance of an equilibrium of the precious metals the world over
156
The age of Protection the heroic
160
The Bank resumes May 1 1821
162
Untruthfulness of such assertions
164
Freetrade and Protection
169
Lectures on Political Economy
172
Stewart a striking example of the weakness and folly of the Schoolmen
181
The Bank opposed as a political rather than a financial measure
184
Issue of notes a right at common law
187
Cannot like bills of exchange be issued by producers
189
One of the most distinguished disciples of Smith
190
Mr Pitt promises compliance
193
Great inflation of the currency and rise of prices
195
Statement showing the value of gold from 1797 to 1821 inclusive note
199
Not the excess alone but all the issues of the Bank speedily return
200
of currency
202
Assumptions of the Committee wholly groundless
208
Smiths elements of price and classifications of property arbitrary
212
Essays Moral Political and Literary 1752
214
DAVID RICARDO
219
Profit of Banks
222
Saved from suspension by the discovery of a package of notes
240
Testimony of the experts opposed to every principle on which currency
247
21
255
Condition of the Bank Feb 29 1832 note
257
Their ignorance of banking systems of the United States
258
Mr Chases misstatement of history
264
Hence the condition in which it was placed
266
Ricardo the central figure of the new school of Economists as Smith of
269
If value be no attribute of money then divisibility is of no importance
270
Speech of Sir Robert Peel
304
Note issue a monopoly in England
310
JOHN STUART MILL
335
Credits cannot act upon prices unless they take a form which can be con
344
Fallacy of such assumptions
351
Morality a necessary condition of material welfare
360
MACLEOD
367
Gold and silver to be demonetized in case of a war as a means of retaining
373
Adopts Adam Smiths theories upon money
376
The credits that affect prices are those that are turned into money
382
gations
383
W STANLEY JEVONS
389
Mills description of the nature and functions of money borrowed from
394
Contrivances by which the same quantity may be made to do an increase
396
BONAMY PRICE
399
The use of gold and silver as money proves them to be capital in a peculiar
403
The truths of Political Economy have made no permanent lodgement
405
of the Economists
407
passes in every exchange
410
Illustrated by the action of the Bank of England
416
Deposits how they arise
417
His work only a restatement of Mill and McCulloch
418
Elements of Political Economy
422
CURRENCY AND BANKING IN THE UNITED STATES
428
No difference but in form between notes and checks drawn against deposits
432
Continued Issues
434
Alliance with France Feb 6th 1778
442
Absurdity of the illustration
443
Notes issued in 1778
449
Amount of the public debt note
455
Smith assumed to have demonstrated the superiority of the former
458
French loan
461
Adoption of the Constitution
467
State Banks
475
Untruthfulness with which the history of this country has been written
482
Its extension refused
495
Losses arising from its
497
The second Bank opposed on the same grounds as the first
503
The Banks of the country suspend payment in 1814
511
General Jacksons attack on the Bank the first attempt in this country
517
Amount of notes outstanding in 1811 and in 1816
522
222
523
Reasons for General Jacksons attack on the Bank
524
Their suspension and resumption
530
Disasters which followed
531
Must sustain the Banks of the States
536
In Ohio
549
Illustrated in the case of Kentucky
554
Election of Mr Lincoln to the Presidency
556
To be issued by parties possessing capital and not subject to the risks
562
Account of their operations
563
The dilemma of the government on the suspension of the Banks
569
The cause excessive issues of paper money
571
They have the power however of completely superseding metallic money 354
575
In providing a banking capital makes no distinction between substance
582
Retired in the payment of the bills in the discount of which they are issued 11
595
Plan of Mr Sherman Secretary of the Treasury for resumption
603
The opposing doctrines not the result of natural laws but of conditions
610
The standard of value not the instrument by which the exchanges
616
The public to hold reserves as well as Banks
622
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Seite 121 - Thou shalt not lend upon usury to thy brother; usury of money, usury of victuals, usury of any thing that is lent upon usury: unto a stranger thou mayest lend upon usury; but unto thy brother thou shalt not lend upon usury...
Seite 449 - That the Government created by this compact was not made the exclusive or final judge of the extent of the powers delegated to itself; since that would have made its discretion, and not the Constitution, the measure of its powers; but that as in all other cases of compact among parties having no common judge, each party has an equal right to judge for itself, as well of infractions, as of the mode and measure of redress.
Seite 438 - I do not conceive we can exist long as a nation without lodging somewhere a power which will pervade the whole Union in as energetic a manner as the authority of the State governments extends over the several States.
Seite xxxi - And Abraham hearkened unto Ephron; and Abraham weighed to Ephron the silver, which he had named in the audience of the sons of Heth, four hundred shekels of silver, current money with the merchant.
Seite 481 - The authority of the Supreme Court must not, therefore, be permitted to control the Congress or the Executive when acting in their legislative capacities, but to have only such influence as the force of their reasoning may deserve.
Seite 441 - That every power vested in a government is in its nature sovereign, and includes, by force of the term, a right to employ all the means requisite and fairly applicable to the attainment of the ends of such power, and which are not precluded by restrictions and exceptions specified in the Constitution, or not immoral, or not contrary to the essential ends of political society.
Seite 451 - The judiciary of the United States is the subtle corps of sappers and miners constantly working under ground to undermine the foundations of our confederated fabric.
Seite 448 - Resolved, that the several States composing the United States of America, are not united on the principle of unlimited submission to their general government; but that by compact under the style and title of a Constitution for the United States and of amendments thereto, they constituted a general government for special purposes, delegated to that government certain definite powers, reserving each State to itself, the residuary mass of right to their own self-government; and that whensoever the general...
Seite 442 - ... or other, to some one of so long a list of enumerated powers. It would swallow up all the delegated powers, and reduce the whole to one power, as before observed.
Seite 143 - In every country it always is and must be the interest of the great body of the people to buy whatever they want of those who sell it cheapest.

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