"The Evolution of the Gold Standard" ...

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Page 26 - Both read the same Bible and pray to the same God, and each invokes His aid against the other. It may seem strange that any men should dare to ask a just God's assistance in wringing their bread from the sweat of other men's faces, but let us judge not, that we be not judged. The prayers of both could not be answered. That of neither has been answered fully. The Almighty has His own purposes...
Page 27 - God wills that it continue until all the wealth piled by the bondsman's two hundred and fifty years of unrequited toil shall be sunk, and until every drop of blood drawn with the lash shall be paid by another drawn by the sword, as was said three thousand years ago, so still it must be said, that ' the judgments of the Lord are true and righteous altogether.
Page 26 - If we shall suppose that American slavery is one of those offenses which, in the providence of God, must needs come, but which, having continued through His appointed time, He now wills to remove, and that He gives to both North and South this terrible war as the woe due to those by whom the...
Page 26 - South, this terrible war, as the woe due to those by whom the offence came, shall we discern therein any departure from those divine attributes which the believers in a Living God always ascribe to Him? Fondly do we hope— fervently do we pray— that this mighty scourge of war may speedily pass away. Yet, if God wills that it continue, until all the wealth...
Page 28 - ... the faith of the United States is solemnly pledged to the payment in coin or its equivalent of all the obligations of the United States...
Page 11 - I have but one lamp by which my feet are guided, and that is the lamp of experience. I know of no way of judging of the future but by the past.
Page 23 - A disordered currency is one of the greatest political evils. It undermines the virtues necessary for the support of the social system, and encourages propensities destructive of its happiness ; it wars against industry, frugality, and economy, and it fosters the evil spirits of extravagance and speculation.
Page 16 - REPORT FROM THE SELECT COMMITTEE ON THE HIGH PRICE OF GOLD BULLION. Ordered, by the House of Commons, to be printed, 8 Jime, 1810. THE SELECT COMMITTEE appointed to enquire into the cause of the High Price of Gold Bullion, and to take into consideration the state of the Circulating Medium, and of the Exchanges between Great Britain and Foreign Parts...
Page 15 - States provides that the Congress shall have power — To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures: To provide for the punishment of counterfeiting the securities and current coin of the United States.
Page 18 - ... that the true standard of value consisted in a definite quantity of gold bullion. Every sound writer on the subject came to the same conclusion — that a certain weight of gold bullion, with an impression on it denoting it to be • of that certain weight and of a certain fineness, constituted the only true, intelligible, and adequate standard of value, and to that standard the country must return, or the difficulties of our situation would be aggravated as we proceeded.

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