Practical Economics: A Collection of Essays Respecting Certain of the Recent Economic Experiences of the United States

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G. P. Putnam's Sons, 1885 - Economics - 259 pages

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Page 145 - In the scene that ensued I did not take a hand, But the floor it was strewed Like the leaves on the strand With the cards that Ah Sin had been hiding In the game "he did not understand.
Page 156 - In the outset all direct or internal taxation was avoided, there having been apparently an apprehension on the part of Congress, that inasmuch as the people had never been accustomed to it, and as all machinery for assessment and collection was wholly wanting, its adoption would create discontent, and thereby interfere with a vigorous prosecution of hostilities. Congress, therefore...
Page 10 - Christian charity require us to bear and forbear, and as far as possible to overlook the errors and foibles of each other, in this case I may not have exercised towards your body that degree of forbearance which was probably your due. If so, I have been laboring under error, and, as such, hope you will have the magnanimity to extend it to me, and the two branches again harmonize to the promotion of the true interests of the country.
Page 17 - No person or persons within this State shall issue any bill, promissory note, check, or other paper, to circulate as money.
Page 8 - ... contraction of the eyes, the gape of the mouth, the vacant stare, the hung head, the restless, fidgety disposition ; the sneaking sycophantic look, a natural meanness of countenance, an unguarded shrug of the shoulders, a sympathetic tickling and contraction of the muscles of the neck, anticipating the rope, a restless uneasiness to adjourn, dreading to face the storm themselves have raised.
Page 14 - When the (treasury note) currency was projected, both the government and the country were without resources. National existence, and freedom, and imperishable glory had been achieved, but the struggle had left us destitute and naked. There were no banks ! there was no money ! our lands could not be sold, and the public credit was of doubtful character ! " To avoid the absolute dissolution of the government, it became necessary to resort to some expedient that might furnish temporary relief.
Page 14 - There has not probably been in circulation at any time more than a half million of dollars. The present bill requires the Secretary of the Treasury to increase the issue to a million. No time or discretion is allowed to that officer. The circulation of the country is to be doubled in as little time as is required to issue the paper.

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