By William M. Gouge
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Additional resources for A Short History of Paper-Money and Banking in the United States: Including an Account of Provincial and Continental Paper-Money. to Which Is Prefixed, an Inquiry Into the Principles of the System
In the same debate Lord King remarked, that" those persons who considered paper money as an excellent thing to be established in a country, he was disposed to view as heretics. He had no hesitation in saying that the su.. perstition attached to paper money was idolatrous in the xii PREFACE. highest degree. " The opinions of such men as Mr. Huskisson, Mr. Grant, Lord King, Lord Liverpool, and the Duke of Wellington, are, on such a subject as this, entitled to the respectful attention of every candid American.
If it is not, as has been asserted by some, "an absolutely perfect and altogether permanent standard of value," it, in this respect, resembles our standard measure of length. Even a platina rod is affected by changes of temperature. All things here below are in a state of mutat on. 1'he very figure of our earth is changing; and an arc of the meridian will not, in the cycles of futurity, be of precisel y the same length that it was when measured by the French Academicians. It is true, our standard of value is liable to be affected by more causes than our standard of length.
XXVIlI. " XXIX. " xxx. " XXXI. Of the Proper Mode of Proceeding, Of aNew Coinage of Gold, Of the Fiscal Concerns of the Union, Of Banking on Proper Principles, Probable Consequences of the Continuance of the Present System, Probable Effects of the Establishment of a System of Sound Currency and Sound Credit, Summary, PART - 103 - too - III - 117 - 123 - 128 - 135 n. A Short History of Paper Money and Banking in the United States. CHAFfER " " " " " " " " " " " " " " " " " " " " " " I. Of the Medium of Trade before the Introduction of Paper Money, 11.