"Paper money" Quotes from Famous Books
 ... and varies with the quantity but not proportionately to the quantity. Kublai-Khan, using a Chinese device, got possession of all the gold and silver and issued paper. His empire was so great that all trade was intragroup trade, and his power made his paper money pass.[313] The Andamanese made inferior pots to be used as a medium in barter.[314] They have very little trade; are on a stage of mutual gift making.[315] Token money is an aberration of the folkways, due to misapprehension of ...
— Folkways - A Study of the Sociological Importance of Usages, Manners, Customs, Mores, and Morals • William Graham Sumner
... 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 ...
— Complete State of the Union Addresses from 1790 to the Present • Various
... has 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 ...
— 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
... sensible men, has his hobbies and peculiarities. He has a great contempt, for instance, for all paper money, and imagines banks to be corporate societies skilfully contrived for the legal plunder of the community. He keeps a supply of silver and gold by him in the foot of an old stocking, and seems to have great confidence in the value of Spanish milled dollars. He has no kind of ...
— Dream Life - A Fable Of The Seasons • Donald G. Mitchell
... debts with the proceeds of the lucrative southern trade, the people indulged in extravagant overtrading. Purchases far exceeded sales and the specie coming from the South was drained away as fast as it was received, but dozens of banks furnished a supply of currency by means of copious issues of paper money, and the career of extravagance proceeded. The internal trade of the country had never been ...
— Outline of the development of the internal commerce of the United States - 1789-1900 • T.W. van Mettre
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