"Convertibility" Quotes from Famous Books
 ... phantoms of the Mississippi; ours, upon the solid basis of ecclesiastical lands," and he proved that the assignats could not depreciate further. Prudhomme's newspaper poured contempt over gold as security for the currency, extolled real estate as the only true basis and was fervent in praise of the convertibility and self-adjusting features of the proposed scheme. In spite of all this plausibility and eloquence, a large minority stood firm to their earlier principles; but on the 29th of September, 1790, by a vote of 508 to 423, the deed ...
— Fiat Money Inflation in France - How It Came, What It Brought, and How It Ended • Andrew Dickson White
... admirable justness with which he seized upon the phenomena of the exterior world. As they broke upon him, these phenomena were discerned with wonderful quickness of perception, and made to contribute important principles to the stock of general knowledge. This lucidity of spirit, this quick convertibility of facts to principles, distinguish him from the dawn to the close of his sublime enterprise, insomuch that, with all the sallying ardor of his imagination, his ultimate success has been admirably characterized as ...
— Christopher Columbus and His Monument Columbia • Various |
