"Paper money" Quotes from Famous Books
 ... road. At ten he came and a very sensible man I found him; said the bank had registered certain wealthy individuals improperly, and therefore the charter had been refused; this more than the removal of the deposits had injured the credit and business of the country; admitted that there was too much paper money but thought it should have been lessened gradually; Hindle & Co. should have been called to account. The President had no right to renew the deposits without consent of the Senate, and hence their displeasure; the Representatives support him on ...
— A Journey to America in 1834 • Robert Heywood
... Banks, the Bank of Bengal, the Bank of Madras, and the Bank of Bombay, in which the Indian Government is interested, are the leading Indian banks. The Bank of Bengal was opened in 1806. No bank in India is allowed to issue notes. The paper money in use is issued by the Paper Currency Department of the Government of India, and the notes are known as 'currency notes'. The issue of these notes began in 1862-3. (Balfour, Cyclopaedia, 3rd ed., s.v. 'Bank and Paper Currency'). ...
— Rambles and Recollections of an Indian Official • William Sleeman
... vote, are the rights of the State he left violated? I presume no one will contend that they are. A man may have some power in the State of Virginia, given by its Legislature—the right to issue paper money, for instance; but if he remove to Ohio, he has not this right. No man would pretend to claim that any of the ...
— Slavery: What it was, what it has done, what it intends to do - Speech of Hon. Cydnor B. Tompkins, of Ohio • Cydnor Bailey Tompkins
... paper money and government notes are fine examples of accurate and perfect workmanship. I suppose, as they pass through our hands, we seldom consider the labor that goes into making them. From the time the designer begins his work to the moment the plates are made, tried out, and accepted, many, ...
— Paul and the Printing Press • Sara Ware Bassett
... Philadelphia Republican gang and Tammany Hall. Steffens seems to think they're both about the same; but he's all wrong. The Philadelphia crowd runs up against the penal code. Tammany don't. The Philadelphians ain't satisfied with robbin' the bank of all its gold and paper money. They stay to pick up the nickels and pennies and the cop comes and nabs them. Tammany ain't no such fool. Why, I remember, about fifteen or twenty years ago, a Republican superintendent of the Philadelphia almshouse stole the zinc roof off the buildin' ...
— Plunkitt of Tammany Hall • George Washington Plunkitt
... horses are held in 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
... 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 of finance, submitted ...
— Up To Date Business - Home Study Circle Library Series (Volume II.) • Various
... consumption, or for private storing of 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
... me, that things stood precisely as they did before the receipt of 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, John Bull was never backward in supporting ...
— The Life of the Right Honourable Horatio Lord Viscount Nelson, Vol. I (of 2) • James Harrison
... ordered a large amount of paper money issued. The banks have been obliged to obey him; but as every one knows that no coin has been deposited in the Treasury to make the paper notes good, people do not ...
— The Great Round World and What Is Going On In It, Vol. 1, No. 30, June 3, 1897 - A Weekly Magazine for Boys and Girls • Various
... "are blinded and bullet proof, and do splendid work, for you see they cannot run away, and must go into action." The food supply, such as it was, was regulated so that nothing should be wasted, and paper money was issued, redeemable in six months. So great was the faith of the inhabitants in Gordon's ultimate success that L2500 worth of this paper money was in circulation by the end of April, and L26,000 worth was issued before the end of July. In addition, the ...
— General Gordon - A Christian Hero • Seton Churchill
... coinage is to be a legal tender are essential to maintaining both in circulation. If these conditions can be successfully observed, the issue from the mint of silver dollars would afford material assistance to the community in the transition to redeemable paper money, and would facilitate the resumption of specie payment and its permanent establishment. Without these conditions I fear that only mischief and misfortune would flow from a coinage of silver dollars with the quality of unlimited legal ...
— State of the Union Addresses of Rutherford B. Hayes • Rutherford B. Hayes
... and very considerable distress, and would have furnished far better grounds than exist at present for that gloomy representation of our condition which has been presented. Mr. Speaker has alluded to the strong inclination which exists, or has existed, in various parts of the country, to issue paper money, as a proof of great existing difficulties. I regard it rather as a very productive cause of those difficulties; and the committee will not fail to observe, that there is, at this moment, much the loudest complaint of distress precisely where there has been the greatest attempt to relieve ...
— The Great Speeches and Orations of Daniel Webster • Daniel Webster
... when they proceeded to the vault, Smith told them that 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
... within the last three years, the public accounts, before kept in rubles assignation, that is government paper money, were ordered to be reckoned in silver rubles. For purposes of comparison with former years, we state them in both. Of the mass of commodities thus in motion at the fair, there were of Russian manufactures and indigenous products, to the total value of 37,132,693 silver ...
— Blackwood's Edinburgh Magazine, No. CCCXXXII. - June, 1843.,Vol. LIII. • Various
... the 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 in the rain to do ...
— A Tale of Two Cities - A Story of the French Revolution • Charles Dickens
... a long audience to the cashier of the Manchester and Central American Bank, Limited, which finances Honduras, and assured him that the new administration would not force the bank to accept the paper money issued by Alvarez, but would accept the paper money issued by the bank, which was based on gold. As a result, the cashier came down the stair-case of the Palace three steps at a time, and later our censor read his cable to the Home Bank in England, in which he said ...
— Captain Macklin • Richard Harding Davis
... elsewhere, a large collection of documents which had appeared during the French Revolution, including newspapers, reports, speeches, pamphlets, illustrative material of every sort, and, especially, specimens of nearly all the Revolutionary issues of paper money,—from notes of ten thousand livres to ...
— Fiat Money Inflation in France - How It Came, What It Brought, and How It Ended • Andrew Dickson White
... merely remarked that such things were never 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 scandal, ...
— People of Position • Stanley Portal Hyatt
... took it, 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 ...
— Sister Carrie • Theodore Dreiser
... after their settlement issued paper money. The first was Massachusetts, which issued it even before her independence, in 1690, to obtain funds in order ...
— A Brief History of Panics • Clement Juglar
... over, our company on the point of dissolution, and I myself free from my appointment. But meanwhile the unhappy director of our theatre had passed from a state of chronic to one of acute bankruptcy. He paid with paper money, that is to say, with whole sheets of box-tickets for performances which he guaranteed should take place. By dint of great craft Minna managed to extract some profit even from these singular treasury-bonds. She was living at this time most frugally and economically. Moreover, ...
— My Life, Volume I • Richard Wagner
... Indian authority, Sir Richard Dane, was now providing a monthly surplus of nearly five million dollars; and it was this revenue which kept China alive during a troubled transitional period when every one was declaring that she must die. By husbanding this hard cash and mixing it liberally with paper money, the Central Government has been able since June, 1916, to meet its current obligations and to keep the general machinery ...
— The Fight For The Republic in China • Bertram Lenox Putnam Weale
... was some change, a little English silver and coppers, some Dutch silver and paper money. In the right-hand trouser pocket was ...
— The Man with the Clubfoot • Valentine Williams
... dollars, and, if very poor, the land was given them on credit. Every such settler also acquired a preemptive right to purchase a thousand acres adjoining, at the regulation State price, which was forty pounds, paper money, or forty dollars in specie, for every hundred acres. One peculiar provision was made necessary by the system of settling in forted villages. Every such village was allowed six hundred and forty acres, which no outsider ...
— The Winning of the West, Volume Two - From the Alleghanies to the Mississippi, 1777-1783 • Theodore Roosevelt
... the battle of Aspern was decorated on the field with the Maria Theresa cross by the Archduke Charles), and Beethoven's old friend Prince Lobkowitz—got together and made up an annuity of 4,000 florins, paper money. Of this sum the Archduke contributed 1,500 florins, Prince Lobkowitz 700 and Prince Kinsky 1,800. Owing to the depreciation in paper money the amount was considerably reduced shortly after, but he continued to draw from this source about ...
— Beethoven • George Alexander Fischer
... who were mostly intelligent volunteers, had similar difficulty in passing time. They had, however, one successful thing which interested them for a time. The money then in circulation in Richmond consisted entirely of paper money, in the form of Corporation notes, and those of business firms, plank ...
— Ball's Bluff - An Episode and its Consequences to some of us • Charles Lawrence Peirson
... scarce or 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 ...
— Five Months on a German Raider - Being the Adventures of an Englishman Captured by the 'Wolf' • Frederic George Trayes
... in decorations has had its natural result. Like paper money issued in too large quantities, the decorations have fallen in value. The gold medals which were formerly much coveted and worn with pride by the rich merchants—suspended by a ribbon round the neck—are now little sought after. In like manner the inordinate respect for official personages ...
— Russia • Donald Mackenzie Wallace
... crisis. Mr. Jefferson, who was once regarded as good Democratic authority, seems to have differed in opinion from the gentleman who has addressed us on the part of the minority. Those who are opposed to this proposition tell us that the issue of paper money is a function of the bank, and that the government ought to go out of the banking business. I stand with Jefferson rather than with them, and tell them, as he did, that the issue of money is a function of government, and that the banks ...
— The Art of Public Speaking • Dale Carnagey (AKA Dale Carnegie) and J. Berg Esenwein
... as though that were a joke. Well, it was something of a joke. Stubby got ten cents a week out of his paper money. The ...
— Lifted Masks - Stories • Susan Glaspell
... plan of the Constitution, are prohibited from doing a variety of things, some of which are incompatible with the interests of the Union; others with the principles of good government. The imposition of duties on imported articles, and the emission of paper money are specimens of this kind. No man of sense will believe that such prohibition would be scrupulously regarded, without some effectual power in the government to restrain or correct infractions of them. This power must be either a direct negative on the State laws, ...
— Government and Administration of the United States • Westel W. Willoughby and William F. Willoughby
... pocket! I speak of those of moderate value, say 100 dollars. I believe those of higher denominations, not so much in use, are better. Accustomed to our clean and crisp notes, I was surprised that the go-ahead Americans had such paper money, for bad as it is in some parts of the continent, I have never seen such offensive notes as the American. I believe, here in England, all paper money paid into the bank is destroyed, and new issued in its stead, and that ...
— The Truth About America • Edward Money
... 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 ...
— Chronicle of the Conquest of Granada • Washington Irving
... sterling. Law made himself sole creditor of this debt, and was allowed to issue ten times the amount in paper money, and to open "the Royal Bank of France," empowered to issue this paper currency. So long as a 20-franc note was worth 20 francs, the scheme was a prodigious success, but immediately the paper money was at a discount, a run on the bank set in, ...
— Character Sketches of Romance, Fiction and the Drama - A Revised American Edition of the Reader's Handbook, Vol. 3 • E. Cobham Brewer
... surplus freight-room in the galleon was regulated by the issue of boletas—documents which, during a long period, served as paper money in fact, for the holders were entitled to use them for shipping goods, or they could transfer them to others who wished to do so. The demand for freight was far greater than the carrying power provided. Shipping warrants ...
— The Philippine Islands • John Foreman
... immediate 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 ...
— Great Men and Famous Women. Vol. 4 of 8 • Various
... 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
... 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 ...
— Perley's Reminiscences, Vol. 1-2 - of Sixty Years in the National Metropolis • Benjamin Perley Poore
... wretched condition. Paper money became almost worthless. The year after Saratoga, a paper dollar was worth only sixteen cents, and early in 1780 its value had ...
— Hero Stories from American History - For Elementary Schools • Albert F. Blaisdell
... ground, and the fall was so serious 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 ...
— A Personal Record • Joseph Conrad
... 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 ...
— The Life of Napoleon Bonaparte - Vol. III. (of IV.) • William Milligan Sloane
... the second instance of the actual use of the power in question arose in 1786, out of a statute of Rhode Island passed to support the credit of her paper money of that year's issue. Any one declining to receive it in payment for goods sold at par was to be liable to a qui tum action, to be tried without a jury. Counsel for a man sued in such a proceeding put in a plea that the act was unconstitutional and so void.[Footnote: Trevett v. Weeden. ...
— The American Judiciary • Simeon E. Baldwin, LLD
... books 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
... must keep my head clear." Le Gardeur, however, refused nothing that was offered him. He drank with all, and drank every description of liquor. He was speedily led up into a large, well-furnished room, where tables were crowded with gentlemen playing cards and dice for piles of paper money, which was tossed from hand to hand with the greatest nonchalance as the game ended and ...
— The Golden Dog - Le Chien d'Or • William Kirby
... still being flung on to a lifeless market when Hawtrey walked out of the mortgage jobber's place of business in the railroad settlement one bitter afternoon. He had a big roll of paper money in his pocket, and was feeling particularly pleased with himself, for prices had steadily fallen since he had joined in the bear operation Edmonds had suggested, and the result of it had proved eminently satisfactory. This was why he had just given Edmonds ...
— Masters of the Wheat-Lands • Harold Bindloss
... 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 ...
— Pelle the Conqueror, Complete • Martin Andersen Nexo
... private papers and account-books 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
... 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
... a sample city 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; an ultra-radical ...
— Canada and the Canadians, Vol. 2 • Richard Henry Bonnycastle
... 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, agriculture, and ...
— Neville Trueman the Pioneer Preacher • William Henry Withrow
... 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 have raised money enough ...
— Montcalm and Wolfe • Francis Parkman
... the Government and the people will derive great benefit from this 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 power over the bank-note circulation of ...
— Complete State of the Union Addresses from 1790 to the Present • Various
... long a 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
... the Government.—Conditions soon proved the 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 commerce. No important resolution could be passed ...
— Our Government: Local, State, and National: Idaho Edition • J.A. James
... established currency in the country at that time, and paper money only was used in Boston. His interrogator wanted to know what they ...
— From Boyhood to Manhood • William M. Thayer
... of paper money. Something about the feel of it aroused his suspicions. He called Elmer, and when that exponent of reform entered the ...
— The Cruise of the Jasper B. • Don Marquis
... 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 the guy ...
— It's like this, cat • Emily Neville
... unassisted, she procured the charter for Cannon's Ferry, and made the port settlement of that name by the importance her ferry acquired; and when she died there were found in her house nine hundred dollars in silver—for she never would take any paper money—the earnings of that sequestered ferry, to start her sons on their career. She knew the peculiar character of some of her neighbors—how lightly meum and tuum sat upon their fears or consciences—but she kept no guard except her own good gray ...
— The Entailed Hat - Or, Patty Cannon's Times • George Alfred Townsend
... had burned his fingers so badly in that big bank failure that he never would trust a bank again. Every dollar he got above what he needed to use in business, he stored away in an oak chest that he kept in a secret place at home. He had no use for paper money either. He'd take it, of course, when he couldn't get anything else, but the first chance he got he'd change it for gold. Of course it was just a whim of his, but somehow it made him feel safer. Maybe it was a little mental twist left from his siege of brain ...
— The Rushton Boys at Treasure Cove - Or, The Missing Chest of Gold • Spencer Davenport
... Congress, chiefly as a protest against the nomination of B. F. Butler, who was running on a paper money and repudiation platform against the principles of his own party, but Mr. Dana was defeated. In 1876 he was nominated by President Grant minister to England, but his nomination was not confirmed by the Senate, for his nomination had been made without consulting the Senatorial cabal and also he had ...
— Two Years Before the Mast • Richard Henry Dana
... oftentimes great lies. They are the paper money of society, for which, on demand, there frequently proves to be no gold ...
— Many Thoughts of Many Minds - A Treasury of Quotations from the Literature of Every Land and Every Age • Various
... to consent to large reductions, collect the war-debt due from Russia, negotiate loans, impose on the subjects of Prussia, besides the ordinary taxes, extraordinary contributions, and an income-tax, and issue paper money. These onerous expedients will deliver us at least from the present pressure by furnishing us the means of paying the French contributions. It is only necessary to send my plan to Paris—to deliver it safely into the hands of Napoleon, ...
— Napoleon and the Queen of Prussia • L. Muhlbach
... 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 after the war, and the liberality of appropriations ...
— History and Comprehensive Description of Loudoun County, Virginia • James W. Head
... dollars, with a total note circulation of 5,000 millions, making a total of promises to pay amounting to something more than 33 billions of dollars. When the Treaty of Paris was signed, these sixteen countries reported debts of 171,633 millions of dollars and paper money issues of 77,954 millions, making a total of promises to pay about eight times the volume of 1913. Since the signing of the Treaty, most of the European countries, belligerents and neutrals alike, have continued to pile up obligations. ...
— The Next Step - A Plan for Economic World Federation • Scott Nearing
... sum, lump sum; power of money, plum, lac of rupees. major coin, crown; minor coin. monetarist, monetary theory. [Science of coins] numismatics, chrysology[obs3]. [coin scholar or collector] numismatist. paper money, greenback; major denomination, minor denomination; money order, postal money order, Post Office order; bank note; bond; bill, bill of exchange; order, warrant, coupon, debenture, exchequer bill, assignat[obs3]; blueback [obs3][U.S.], hundi[obs3], shinplaster* ...
— Roget's Thesaurus
... 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 compulsory circulation. ...
— Messages and Papers of the Presidents, Vol. VIII.: James A. Garfield • James D. Richardson
... reply 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 ...
— A Son Of The Sun • Jack London
... he said with a smile, and at the same time he rubbed his thumb and finger together, the action of feeling paper money. ...
— The Czar's Spy - The Mystery of a Silent Love • William Le Queux
... to which there are still differences of opinion. While he faced his problem silently, the Committee on Ways and Means in the House took the matter in hand: Its solution was an old one which all sound theorists on finance unite in condemning—the issue of irredeemable paper money. And what did the Secretary of the Treasury do? Previously, as Governor of Ohio, he had denounced paper money as, in effect, a fraud upon society. Long after, when the tide of fortune had landed him in the high place of Supreme Justice, he returned to this view ...
— Abraham Lincoln and the Union - A Chronicle of the Embattled North, Volume 29 In The - Chronicles Of America Series • Nathaniel W. Stephenson
... 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 federal system was the best, he declared that it ...
— Simon Bolivar, the Liberator • Guillermo A. Sherwell
... quantities was transported over the mountains on pack horses, and then floated down the Ohio and distributed among the settlements upon its banks. Country stores arose, land speculators appeared, and continental paper money became a circulating medium. This money, however, was not of any very great value, as may be inferred from the following decree, passed by one of the County Courts, establishing the schedule of prices ...
— Daniel Boone - The Pioneer of Kentucky • John S. C. Abbott
... bondage that was heavier than the scepters of kings. It is estimated that certificates of ownership in human beings, or, as you called them, titles to property, to the value of forty billion dollars, together with hundreds of millions of paper money, went up in that great blaze, which we devoutly consider must have been, of all the innumerable burnt sacrifices which have been offered up to God from the beginning, the one that pleased ...
— Equality • Edward Bellamy
... little staggered. There is however a fermentation in both nations, which the continuance of the war and its consequent distresses will probably increase, if not bring to maturity. The distresses of our army last winter, the depreciation of our paper money, the exaggerated accounts of our divisions, and our apparent inactivity, have had a bad effect in Europe, which I hope the firmness and unanimity of Congress, added to the exertions of our ally, and those of this Court, ...
— The Diplomatic Correspondence of the American Revolution, Vol. IX • Various
... of Fort Sumter, they brought to Memphis the Union flag that floated over the fort. There was a great jubilee in celebration of this. Portions of the flag, no larger than a half dollar in paper money, were given out to the wealthy-people, and these evidences of their treason were long preserved as precious treasures. Boss had one of these pieces which he kept a long time; but, as the rebel cause waned ...
— Thirty Years a Slave • Louis Hughes
... doesn't seem possible for a person to live as long as Grandfather has and not use a bank. Back in the early days, he wore a money belt with gold in it. In later years he had what he calls a keyster, a metal box with lock and key where he keeps paper money. He is not a miser; he pays bills promptly and gives generously. The keyster was never hidden. It might be left on the table or mantel or, because of its weight, it might be used as a door prop. So far as I know, no one ever cheated him, and surely no one ...
— David Lannarck, Midget - An Adventure Story • George S. Harney
... magnificent as it 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 ...
— Continental Monthly, Vol. 5, Issue 2, February, 1864 • Various
... that every dollar of this and fifty percent more was gone before January 1, 1915. This is also indicated by the expansion of her paper money and her efforts to maintain the gold basis ...
— The Audacious War • Clarence W. Barron
... toward Schooley's Mountain, or any definite directions given in regard to the whereabouts of the treasure, each member should pay to the spirits, through Mr. Rogers, who would kindly act as agent, the sum of twelve pounds. And, moreover, this must not be paid in the paper money then current in New Jersey, which was called "loan money", and which would not pass outside of the State, but in gold or silver. When every member had paid in his twelve pounds, then the party would be led to ...
— Stories of New Jersey • Frank Richard Stockton
... indispensable. The propositions which my minister of finance will submit to you are in conformity with the system of finance I have established. We will meet all demands without borrowing, which uses up the resources of the future, and without paper money, which is the greatest enemy of ...
— Widger's Quotations from The Memoirs of Napoleon • David Widger
... 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 ...
— 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
... of nothing, dear. But why don't the boys prick their horses and jog a trot? The mare is mighty un'asy, and it's no warm in this cursed valley, riding as much like a funeral party as old rags is to continental." [Footnote: The paper money issued by congress was familiarly called continental money. This term "continental" was applied to the army, the congress, the ships of war, and in short, to almost everything of interest which belonged to the new government. It would seem to have been invented as the opposite of the insular ...
— The Spy • James Fenimore Cooper
... wealth. The late simple farmers are to become bank directors and drink claret and champagne; and their wives and daughters to figure in French hats and feathers; for French wines and French fashions commonly keep pace with paper money. How can I hope that even Sleepy Hollow can escape the general inundation? In a little while, I fear the slumber of ages will be at end—the strum of the piano will succeed to the hum of the spinning-wheel; the trill of the Italian opera to the nasal quaver of Ichabod Crane; and the ...
— Wolfert's Roost and Miscellanies • Washington Irving
... sort of penury and wretchedness is also common with the families of the former wealthy merchants and tradesmen. Paper money, a maximum, and requisitions, have reduced those that did not share in the crimes and pillage of the Revolution, as much as the proscribed nobility. And, contradictory as it may seem, the number of persons employed in commercial speculations has more than tripled since we experienced a general ...
— Marguerite de Navarre - Memoirs of Marguerite de Valois Queen of Navarre • Marguerite de Navarre
... 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 ...
— The New South - A Chronicle Of Social And Industrial Evolution • Holland Thompson
... deemed a great sum on my person (in a money-belt that I had improvised for the purpose). This was a constant source of anxiety as well as of joy. No matter how absorbed I might have been in my work or in thought, the consciousness of having that wad of paper money with me was never wholly absent from my mind. It loomed as a badge of omnipotence. I felt in the presence of Luck, which was a living spirit, a goddess. I was mostly grave. The frivolities of the other men in the factory seemed so fatuous, so revolting. ...
— The Rise of David Levinsky • Abraham Cahan
... in the rate of interest to 1-3/4 and 2 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 there has been a serious fall ...
— The Economist - Volume 1, No. 3 • Various
... Ildefonso; and the British ambassador computed that the cost of a campaign could be saved by a sojourn in Madrid for the whole year. But parsimony such as this was out of the question. Accordingly the only possible alternatives were, peace with France, an issue of paper money, or a bankruptcy. Godoy inclined strongly to peace, and discovered in Anglophobia a means of betraying the French House of Bourbon. England, so he averred, had entered on the war solely for her own aggrandisement, with the view of appropriating first Dunkirk, then Toulon, ...
— William Pitt and the Great War • John Holland Rose
... 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 ...
— Lucretia, Complete • Edward Bulwer-Lytton
... pocket for some greasy rags of paper money which I pressed into his honourable hand. He bowed and departed. I tore open ...
— The Mountebank • William J. Locke
... possessions, invaded the island and threw everything into disorder and ruin. Everybody is envious and discontented; everybody wishes to make a fortune at once and depart. And this is an island with no commerce and scarcely any agriculture, where the only money found is paper money! Yet they all say they will be rich enough to return to France in a year's time. They have been saying this for many years. Everything is in a state of squalid neglect. The streets are neither paved nor planted with ...
— The World's Greatest Books, Volume 19 - Travel and Adventure • Various
... communication she was destined to receive from her accomplished nephew. There was a Note attached to it, which cannot fail to enhance its value in the estimation of all right-minded persons who assist the circulation of paper money. ...
— My Lady's Money • Wilkie Collins
... their side. Many of the people were friendly and hundreds now renewed their oath of allegiance to the King. Washington complained that the people gave Howe information denied to him. They certainly fed Howe's army willingly and received good British gold while Washington had only paper money with which to pay. Over the proud capital floated once more the British flag and people who did not see very far said that, with both New York and Philadelphia taken, the rebellion had ...
— Washington and his Comrades in Arms - A Chronicle of the War of Independence • George Wrong
... there could be at the outset little harmony or cooperation. It would be hard to arouse them to concerted action, and even harder to conduct a war. Financial cooperation was impeded by the fact that the paper money issued by any one colony was not worth much in the others. Military cooperation was difficult because while each colony might call on its farmers temporarily to join the militia in order to repel an ...
— A Political and Social History of Modern Europe V.1. • Carlton J. H. Hayes
... his life as a handsome sum in cash. General Washington, being perfectly aware of this fact, generally contrived to have a sum of what he called "hard money" at headquarters all through the war. Spies do not readily take to paper money. There are no Greenbackers among them. In the letters of General Washington we find a great many requests to Congress for a kind of money that would pass current anywhere, and suffer no deterioration at the bottom of a river in a freshet. He preferred gold ...
— Revolutionary Heroes, And Other Historical Papers • James Parton
... each other the closest relations, are suddenly, in a time of profound peace and without any great national disaster, arrested in their career and plunged into a state of embarrassment and distress. In both countries we have witnessed the same redundancy of paper money and other facilities of credit; the same spirit of speculation; the same partial successes; the same difficulties and reverses, and at length nearly the same overwhelming catastrophe. The most material difference between the results in the two countries has only ...
— A Compilation of the Messages and Papers of the Presidents - Section 2 (of 2) of Volume 3: Martin Van Buren • James D. Richardson
... Linda sitting quietly reading and rereading her letter, and presently returned and laid a sheaf of paper money ...
— Her Father's Daughter • Gene Stratton-Porter
... the enemy which can serve as 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 Rumanian gold yielded to Germany or taken by that power. This gold to be delivered in trust to the Allies until ...
— Kelly Miller's History of the World War for Human Rights • Kelly Miller
... 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
... at my side with Zodangan money. The medium of exchange upon Mars is not dissimilar from our own except that the coins are oval. Paper money is issued by individuals as they require it and redeemed twice yearly. If a man issues more than he can redeem, the government pays his creditors in full and the debtor works out the amount upon the farms or in mines, which are all owned by the government. This suits everybody except the debtor ...
— A Princess of Mars • Edgar Rice Burroughs
... special punishment. But even those regions which had been touched but little or not at all by military operations were laboring under dire distress. The Confederate money in the hands of the Southern people, paper money signed by the Confederate government without any security behind it, had by the collapse of the Confederacy become entirely worthless. Only a few individuals of more or less wealth had been fortunate enough to save, and to keep throughout the war, small hoards ...
— McClure's Magazine, Vol. 31, No. 1, May 1908 • Various
... snugly housed, hug their glittering treasure until all fear is removed. The consequence is that a few days' disturbance of the monetary atmosphere brings on a perfect dearth of not only the precious metals, but even of paper money, their representative. Moneyed men never adopt the tactics of mutual support; hence, as soon as a shot is fired into the flock, they scatter, each looking out for himself, each distrustful of the other, and each recognizing only the great law of ...
— Scientific American, Volume XXXVI., No. 8, February 24, 1877 • Various
... things were 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 not part for a few words, the effect of sudden passion, and wishing me to return. Meredith ...
— The Autobiography of Benjamin Franklin • Benjamin Franklin
... purchased fourteen titled estates, paying for them in 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 as its weight rendered it a mere ...
— The Crayon Papers • Washington Irving |
