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Adam Smith American amount assignats bank Bank of England bank-notes bills of exchange borrower capital caucus circulation civil civil-service coin commodities Constitution cost credit money currency debt demand depreciation dollars economic election England English Essays fact favor France Free Trade G. P. Putnam's Sons gold History hundred millions increase industry irredeemable issue John Calvin l2mo labor land legal tender legislation lend lender less levy loans London Massachusetts means ment metals method nation natural nomination North American Review notes organization paid paper paper-money party Political Economy POLITICAL EDUCATION present primary elections principles production profit protection purpose question rate of interest rent repeal republican result seigniorage sell silver six per cent social SOCIETY FOR POLITICAL taxation thing tion United usury laws vote wages wealth YORK THE SOCIETY
Page 36 - To lay with one hand the power of the government on the property of the citizen, and with the other to bestow it upon favored individuals to aid private enterprises and build up private fortunes, is none the less a robbery because it is done under the forms of law and is called taxation.
Page 24 - A great part of the capital of the country would thus be kept out of the hands which were most likely to make a profitable and advantageous use of it, and thrown into those which were most likely to waste and destroy it.
Page 24 - I have been accustomed to lay down to myself on this subject is the following one, viz. that no man of ripe years and of sound mind, acting freely, and with his eyes open, ought to be hindered, with a view to his advantage, from making such bargain, in the way of obtaining money, as he thinks fit: nor, (what is a necessary consequence) any body hindered from supplying him, upon any terms he thinks proper to accede to.
Page 36 - If it be said that a benefit results to the local public of a town by establishing manufactures, the same may be said of any other business or pursuit which employs capital or labor. The merchant, the mechanic, the innkeeper, the banker, the builder, the steamboat owner are equally promoters of the public good, and equally deserving the aid of the citizens by forced contributions.
Page 38 - The rate of interest upon the loan or forbearance of any money, goods or things in action...
Page 24 - The History of Usury from the Earliest Period to the Present Time, together with a Brief Statement of General Principles concerning the Conflict of...