"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
... to the Banking Business.—Nicanor has no paper money to handle, no stocks, no bonds,—and the line between legitimate interest and scandalous usury is by no means clearly drawn. There is at least one good excuse for demanding high interest. It is notoriously hard to collect bad debts. Many and many a clever debtor has persuaded an Athenian ...
— A Day In Old Athens • William Stearns Davis
... course of a few months he 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 encumbrance. ...
— The Crayon Papers • Washington Irving
... they could no longer make any use of their enormous military strength! This lesson ought to be taught in every school-house in the United States, until every child is made to understand that there is no such thing in the world as paper money; that the only real money in the world is standard gold and silver; that paper can be used in the place of money only when it represents the real gold or silver in which it can at any time be redeemed; that even gold and silver ...
— Forty-Six Years in the Army • John M. Schofield
... army, as well, of course, as an inevitable weakness, is the variety of races and temperaments hidden under these blue-gray uniforms—Hungarians, Austrians, Croatians, Slovaks, Czechs. Things in universal use, like post-cards and paper money, often have their words printed in nine languages, and an Austro-Hungarian officer may have to know three or four in order to give the necessary orders to his men. And his men cannot fight for the ...
— Antwerp to Gallipoli - A Year of the War on Many Fronts—and Behind Them • Arthur Ruhl
... 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. These notes ...
— U.S. Presidential Inaugural Addresses • Various
... the Strand and across Trafalgar Square did a good deal toward restoring the poise of her wits. For safety, she had pinned the envelop containing her paper money and tickets inside her blouse. The mere presence of the solid little parcel reminded her at every movement that she was truly bound for the wonderful Engadine, and, now that the notion was becoming familiar, she was the more astonished that the choice ...
— The Silent Barrier • Louis Tracy
... financier! Now take the counsel of Dubois, of D'Argenson, my very good friends. This is what they will counsel you to do. And I will counsel you at the same time to avail yourself of their advice. Tell all France to bring in its gold, to enable you to put something essential under the value of all this paper money which you have been sending out so lavishly, so unthinkingly, so ...
— The Mississippi Bubble • Emerson Hough
... lack 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 ...
— History and Comprehensive Description of Loudoun County, Virginia • James W. Head
... fifty dollars, wrapped in a warm shawl, much to pussy's disgust. A number of women had dogs and were weeping, probably at leaving other canines behind. Several persons carried little grips so heavy that they tugged along—evidently "Chechako," or paper money, was more scarce with ...
— A Woman who went to Alaska • May Kellogg Sullivan
... 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
... York, I stopped in Washington and saw some of the interesting places of the National Capital. The Bureau of Engraving and Printing, where about six hundred persons were engaged in printing paper money and stamps, was visited. I also went out to the Washington Monument and climbed to the top of the winding stairs, although I might have gone up in the free elevator if I had preferred to ride. The Medical Museum, National Museum, Treasury Building, the ...
— A Trip Abroad • Don Carlos Janes
... one of these drives, Lord William L., a man of fashion, but, like other of the great men of the day, an issuer of paper money discounted at high rates by the usurers, was thrown off his horse. Mr. and Mrs. King immediately quitted the carriage and placed the noble lord within. On this circumstance being mentioned in the clubs, Brummell observed ...
— Reminiscences of Captain Gronow • Rees Howell Gronow
... far as abstract economic theory is concerned. Activity in that department was confined to Webb and myself. Later on, Pease's interest in banking and currency led him to contribute some criticism of the schemes of the currency cranks who infest all advanced movements, flourishing the paper money of the Guernsey Market, and to give the Society some positive guidance as to the rapid integration of modern banking. But this was an essay in applied economics. It may be impossible to draw a line between the old abstract deductive economics and ...
— The History of the Fabian Society • Edward R. Pease
... replied, "I should invoke the power of the nation, as was done in that great civil war of 1861, and issue paper money, receivable for all taxes, and secured by the guarantee of the faith and power of five hundred million people; and make advances to carry these ruined peasants beyond the first years of distress—that ...
— Caesar's Column • Ignatius Donnelly
... verb is intransitive: if, 'I gallopped my horse from Islington to Holloway;' it is transitive."—Churchill's Gram., p. 238. "The reasonableness of setting a part one day in seven."—The Friend, Vol. iv, p. 240. "The promoters of paper money making reprobated this act."—Webster's Essays, p. 196. "There are five compound personal pronouns, which are derived from the five simple personal pronouns by adding to some of their cases the syllable self; as, my-self, thy-self, him-self, her-self, it-self."—Perley's Gram., p. ...
— The Grammar of English Grammars • Goold Brown
... its enormous increase in the national debt and the volume of paper money, gold had gone to a high premium; and, as ever, by its fluctuations in price the value of all other commodities was determined. This led to the creation of a "Gold Room" in Wall Street, where the precious metal could be dealt in; while for dealings in stocks there also ...
— Edison, His Life and Inventions • Frank Lewis Dyer and Thomas Commerford Martin
... citizens at the Park; for the purpose of obtaining a public expression of opinion in favor of the Canal policy for connecting the Erie and the Hudson, and this at a period when the spirit of party strife had widely scattered doubts and ridicule on the contemplated movement. In the war of 1812, when paper money in small bills largely became our currency, Mr. Pintard was the person who caused those well-known mottoes, "Mind your own business," "Never despair," "Economy is wealth," and others of a like import, chiefly drawn from Franklin, to surround ...
— The International Monthly Magazine - Volume V - No II • Various
... protection to the stately dignity of the American system. Discarding theories and overthrowing the dogma of strict construction, he committed the General Government irrevocably to internal improvements. Condemning the worthless system of paper money imposed upon the people by irresponsible State banks, he stood firmly for a national currency, and he foreshadowed if he did not reach the paper money which is based to-day on the credit and the ...
— Twenty Years of Congress, Vol. 1 (of 2) • James Gillespie Blaine
... Persia does not issue bank-notes, which would be regarded with suspicion among the people, but it is interesting to find that the monopoly granted to the Imperial Bank of Persia for the issue of paper money has had excellent results, in Teheran particularly, where the Bank is held in high esteem and the notes have been highly appreciated. In other cities of Persia which I visited, however, the notes did not circulate, ...
— Across Coveted Lands - or a Journey from Flushing (Holland) to Calcutta Overland • Arnold Henry Savage Landor
... a believer in any artificial method of making paper money equal to coin when the coin is not owned or held ready to redeem the promises to pay, for paper money is nothing more than promises to pay, and is valuable exactly in proportion to the amount of coin that it can be converted into. While ...
— A Compilation of the Messages and Papers of the Presidents: Ulysses S. Grant • James D. Richardson
... them. He paid one thousand five hundred dollars for each one of them. 'Free Jack' made him pay it part in silver and some in gold. He took some Confederate paper. It was circulating then. But he wouldn't take much of that paper money. ...
— Slave Narratives: A Folk History of Slavery in the United States from Interviews with Former Slaves, Arkansas Narratives, Part 4 • Works Projects Administration
... no comment from dowager lady Chia. Chia Chen therefore withdrew downstairs, and betook himself outside to make arrangements for the offerings to the gods, for the paper money and eatables that had to be burnt, and for the theatricals about to begin. So we will leave him without any further allusion, and take up ...
— Hung Lou Meng, Book II • Cao Xueqin
... the celebrity's first impressions of New York—a confused blend of bouquets, automobiles, newspaper interviewers, incredibly high buildings, sumptuous luncheons, barbaric lavishness, bad road surfaces, frenetic hospitality, wild expenditure of paper money—I think it would be more interesting perhaps, certainly more instructive, to have the first impressions of the immigrant, who lands with five pounds, and it may be a wife and a child or two. Then there is the immigrant from the same end of the ship ...
— The Record of Nicholas Freydon - An Autobiography • A. J. (Alec John) Dawson
... white folks come back from de war and didn't git kilt. Nobody ever telt me I's free. I's happy dere and never left dem till 1872. All de others gone befo' dat, but I gits all I wants and I didn't need no money. I didn't know what paper money was and one time massa's son give me a paper dime to git some squab and I didn't know what money was ...
— Slave Narratives: a Folk History of Slavery in the United States From Interviews with Former Slaves - Texas Narratives, Part 1 • Works Projects Administration
... 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
... Louis XIV was astonishingly generous in the face of so many of these demands upon his exchequer, but the more he gave the more he was asked to give. When the stress of European wars curtailed the king's bounty the colonial authorities began to issue paper money; the issues were gradually increased; the paper soon depreciated, and in its closing years the colony fairly wallowed in the slough ...
— The Seigneurs of Old Canada: - A Chronicle of New-World Feudalism • William Bennett Munro
... nature of money has not changed. Its material and form and denominations have been modified but the functions of money as a storage of values and as a measure of values and as a medium of exchange remain the same. Our gold and silver and paper money may be more convenient and more exact, but its functions are just the same as ...
— Usury - A Scriptural, Ethical and Economic View • Calvin Elliott
... money right after the Civil War—paper money gotten out by the United States Government and supposed to be good. The Confederate money was no good but this money—these 'shin plasters' as they were called—was good money issued by the government. They did away with it ...
— Slave Narratives: a Folk History of Slavery in the United States From Interviews with Former Slaves - Arkansas Narratives Part 3 • Works Projects Administration
... philosophy of taboos; there had grown up a mystical horror of those fermented drinks which are part of the food of civilised mankind. Doubtless many persons take an extreme line on this matter solely because of some calculation of social harm; many, but not all and not even most. Many people think that paper money is a mistake and does much harm. But they do not shudder or snigger when they see a cheque-book. They do not whisper with unsavoury slyness that such and such a man was "seen" going into a bank. I am quite convinced that the English aristocracy is the curse of England, but I have not noticed either ...
— George Bernard Shaw • Gilbert K. Chesterton
... 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 to be ...
— The Pearl of the Antilles, or An Artist in Cuba • Walter Goodman
... a pig from a widow, or a cow from a struggling small farmer, at thirty or forty per cent, beneath its value, and claim the merit of being a friend into the bargain. Such men are bitter enemies to paper money, especially to notes issued by private bankers, which they never take in payment. It is amusing, if a person could forget the distress which occasions the scene, to observe one of these men producing an old stocking, or a long black leathern ...
— Fardorougha, The Miser - The Works of William Carleton, Volume One • William Carleton
... 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 could have surveyed or ...
— The Winning of the West, Volume Two - From the Alleghanies to the Mississippi, 1777-1783 • Theodore Roosevelt
... paper money impatiently. The babu unfolded it, eyed the denomination with a spasm of relief, folded it again, and appeared to stow it ...
— Winds of the World • Talbot Mundy
... this period we hear little of the Emperor, Hsien Feng; and what we do hear is not to his advantage. He had become a confirmed debauchee, in the hands of a degraded clique, whose only contribution to the crisis was a suggested issue of paper money and debasement of the popular coinage. Among his generals, however, there was now one, whose name is still a household word all over the empire, and who initiated the first checks which led to the ultimate suppression ...
— China and the Manchus • Herbert A. Giles
... criticism of the poor to such an extent, that they soon find the moral law within them revolting against the idea of buying off the deity with gold and gifts, though they are still quite ready to buy him off with the paper money of praise and professions of repentance. Accordingly, you will find that though a religion may last unchanged for many centuries in primitive communities where the conditions of life leave no room for poverty and riches, and the process of propitiating the supernatural powers is as well within ...
— Preface to Androcles and the Lion - On the Prospects of Christianity • George Bernard Shaw
... ladies do nothing with their own hands, but live as delicately as if they were kings. These females also are of most angelic beauty, and live in the most elegant manner. The people are idolaters, subject to the Great Khan, and use paper money. They eat the flesh of dogs and other beasts, such as no Christian would touch for the world. In this city, too, are four thousand baths, in which the citizens, both men and women, take great delight and frequently resort thither, because they keep their ...
— A Book of Discovery - The History of the World's Exploration, From the Earliest - Times to the Finding of the South Pole • Margaret Bertha (M. B.) Synge
... constitutional," says Paine, "he pulls out his pocket volume, turns to page and verse, and gives you a correct answer in a moment." Poor Mr. Paine! if you had lived fifty years longer, you would have seen that paper constitutions, like the paper money you despised so justly, depend upon honesty and confidence for their value, and are at a sad discount in hard times of fraud and corruption. Unprincipled men find means of evading the written agreement upon their face by ingenious subterfuges or downright repudiation. ...
— Atlantic Monthly, Vol. 4, No. 21, July, 1859 • Various
... there is not even the will to govern well and make the new Austria into a going concern. Hence arises the economic problem of Austria, which is certainly grave. Here is a State which persistently refuses to live on its income, and prints off paper money to make up its deficiency. A highly expensive bureaucracy five times as large as is needed for little Austria pays itself first, and as for the rest of the population the devil can take the hindmost. The money-printing press works night and ...
— Europe—Whither Bound? - Being Letters of Travel from the Capitals of Europe in the Year 1921 • Stephen Graham
... gloated in his solitude over the prospect of first selling a portion of his merchandise for all the gold and silver in the colony. His recent usurious transaction had whetted his appetite. He would next part with some more of his cargo for all the paper money they could give him; but still he should have goods left, and they would want these. Yes, they should have these, too, for promissory notes. Notes would hold good when they got back again to the earth; bills from his Excellency the governor would be good ...
— Off on a Comet • Jules Verne
... 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 Roumanian gold yielded to Germany or taken by that power. This gold ...
— America's War for Humanity • Thomas Herbert Russell
... attracted much attention, and created for him a growing literary reputation. The subject of paper money which agitated our country, was then being discussed in Pennsylvania with intense interest. Franklin wrote a carefully studied pamphlet entitled "A Modest Inquiry into the Nature and Necessity of ...
— Benjamin Franklin, A Picture of the Struggles of Our Infant Nation One Hundred Years Ago - American Pioneers and Patriots Series • John S. C. Abbott
... Lord Lufton. "I might have a lot of paper money by me, and not know from Adam where I ...
— The Last Chronicle of Barset • Anthony Trollope
... Ten thousand measures of wheat, at twelve gulden fifty a measure in paper money, that makes a hundred and twenty-five thousand gulden, or fifty thousand gulden silver. Come here, little treasure, and sit on my knee; you're tired, aren't you? And did my dear never-to-be-forgotten friend send ...
— Timar's Two Worlds • Mr Jkai
... soon learned some things that astonished him. His cousin was giving aid to the rebels. Yet it was odd that these starving men could pay in gold and silver when the Congress had issued so much paper money. ...
— A Little Girl in Old Philadelphia • Amanda Minnie Douglas
... commission having been opened by the Virginia Legislature to settle Kentucky land claims, Major Boone "laid out the chief of his little property to procure land warrants, and having raised about twenty thousand dollars in paper money, with which he intended to purchase them, on his way from Kentucky to Richmond, he was robbed of the whole, and left destitute of the means of procuring more. This heavy misfortune did not fall on himself alone. Large sums had been entrusted ...
— Life & Times of Col. Daniel Boone • Cecil B. Harley
... Presidency 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 ...
— Rambles and Recollections of an Indian Official • William Sleeman
... whole mischief and therefore deserving of 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 ...
— McClure's Magazine, Vol. 31, No. 1, May 1908 • Various
... more convenient for their pockets than for their warmth. When travelling in countries where papers have to be carried, an inside pocket between the lining and the waistcoat, with a button to close it, is extremely useful. Letters of credit and paper money can be carried in it more safely than ...
— The Art of Travel - Shifts and Contrivances Available in Wild Countries • Francis Galton
... us? Oh hell, we've got to ride plugs, that's all, and not one of them good enough to stagger round a water well. You see, don't you, partner? You see what I mean? You know, the men on the other side-they get shiny new silver coins while we get only lousy paper money printed in that murderer's factory, that's what we get, yes, that's ours, ...
— The Underdogs • Mariano Azuela
... regular soldiers, 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 ...
— Simon Bolivar, the Liberator • Guillermo A. Sherwell
... computing time and/or storage handed to students at the beginning of a computer course; also called 'play money' or 'purple money' (in implicit opposition to real or 'green' money). In New Zealand and Germany the odd usage 'paper money' has been recorded; in Gremany, the particularly amusing synonym 'transfer rouble' commemmorates the worthlessness of the ex-USSR's currency. When your funny money ran out, your account froze and you needed to go to a professor to get more. ...
— THE JARGON FILE, VERSION 2.9.10
... indulgences to the debtors." In 1778 he said that six or seven thousand pounds that he had in bonds upon interest had been paid in depreciated paper, so that the real value was now reduced to as many hundreds. Some of the paper money that came into his hands he invested in government securities, and at least ten thousand pounds of these in Virginia money were ultimately funded by the federal government for six thousand two hundred and forty-six dollars in three and six per ...
— George Washington: Farmer • Paul Leland Haworth
... golden mean is at an end, The country is suddenly to be deluged with 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 ...
— Wolfert's Roost and Miscellanies • Washington Irving
... banks, except that in literature there is no limit to inflation. A thousand thousand may use "a novel of daring adventure," "a poem full of grace and beauty," or "shows the reaction of a thoughtful mind to the facts of the universe," without exhausting the supply. It is like the manufacture of paper money, and the effect on credit ...
— Definitions • Henry Seidel Canby
... 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
... C— without a moment's delay, in order that all arrangements might be completed by the time that the boat sailed. He was almost sure he had acknowledged taking the small rolls of silver that were on the table; he was quite sure that he had left the full value in paper money in exchange. There could be no mistake about it, and he had never doubted but ...
— The Inglises - How the Way Opened • Margaret Murray Robertson
... as in life there can be no cheating. The thief steals from himself. The swindler swindles himself. For the real price of labor is knowledge and virtue, whereof wealth and credit are signs. These signs, like paper money, may be counterfeited or stolen, but that which they represent, namely, knowledge and virtue, cannot be counterfeited or stolen. These ends of labor cannot be answered but by real exertions of the mind, and in obedience to pure motives. The ...
— Essays • Ralph Waldo Emerson
... Credit. Phenomena of a commercial crisis analyzed. 4. Influence of the different forms of Credit on Prices. 5. On what the use of Credit depends. 6. What is essential to the idea of Money? Chapter X. Of An Inconvertible Paper Currency. 1. What determines the value of an inconvertible paper money? 2. If regulated by the price of Bullion, as inconvertible Currency might be safe, but not Expedient. 3. Examination of the doctrine that an inconvertible Current is safe, if representing actual Property. 4. Experiments with paper Money in ...
— Principles Of Political Economy • John Stuart Mill
... 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 ...
— St. Nicholas Magazine for Boys and Girls, Vol. 5, May, 1878, No. 7. - Scribner's Illustrated • Various
... 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, ...
— Up To Date Business - Home Study Circle Library Series (Volume II.) • Various
... was always jingling silver in his pocket. Gold was rather scarce just then in Witanbury, but whenever Anna saw a half-sovereign, she always managed somehow to get hold of it. In fact she kept a store of silver and of paper money for that purpose, for she knew that Mr. Head, as he was now universally called, would give her threepence over its face value if it was ten shillings, and fivepence if it was a sovereign. She had already made several shillings in ...
— Good Old Anna • Marie Belloc Lowndes
... lived in a sort of rude plenty among their sheep and cattle, but they had hardly any coined money, conducting their transactions by barter, and they were too rude to value the benefits which government secures to a civilized people. Accordingly the treasury remained almost empty, the paper money which was issued fell till in 1870 it was worth only one-fourth of its face value, no public improvements were made, no proper administration existed, and every man did what was right in his own eyes. In 1872 Mr. M. W. Pretorius was obliged to resign the presidency, owing to the unpopularity ...
— Impressions of South Africa • James Bryce
... different sorts of paper money; but the circulating notes of banks and bankers are the species which is best known, and which seems best adapted ...
— An Inquiry into the Nature and Causes of the Wealth of Nations • Adam Smith
... effects the Land Bank was to produce simply by issuing enormous quantities of notes on landed security. The doctrine of the projectors was that every person who had real property ought to have, besides that property, paper money to the full value of that property. Thus, if his estate was worth two thousand pounds, he ought to have his estate and two thousand pounds in paper money. [518] Both Briscoe and Chamberlayne treated with the ...
— The History of England from the Accession of James II. - Volume 4 (of 5) • Thomas Babington Macaulay
... Mississippi Valley. The opening of the Civil War swept this trade away and left on the books of the firm in Cincinnati many accounts not then collectible. The continuance of the war and the constant fluctuations in the price of materials, due to the use of paper money, joined to advancing age and ill health, all combined to lead Mr. ...
— A History of the McGuffey Readers • Henry H. Vail
... There were no mints in the colonies, so the metal money was of foreign coinage and not nearly so common as paper money, which was printed in large quantities in America, ...
— Autobiography of Benjamin Franklin • Benjamin Franklin
... dimming light. There was a far-distant rumble of thunder, but neither heeded it; showers were almost daily occurrences, and excitement and concentration ran high. Suddenly Sandy started back and pointed to a small roll of bills—three one-dollar bills they were—but Sandy had never put a piece of paper money in the box! ...
— A Son of the Hills • Harriet T. Comstock
... 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 ...
— 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
... not 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 note and passed ...
— A Son Of The Sun • Jack London
... as well as military ability, had chosen a good time. The Federal army was losing its two years' and nine months' men. Vicksburg was about to fall. Something must be done to counterbalance this certain loss to the Confederates. Paper money in the South was worth but ten per cent. of its face value. Recognition from Europe must be won soon, or the high tide of opportunity would ebb, nevermore to return. Like a great wave coming to its flood, the armed host of the Confederacy ...
— Charles Carleton Coffin - War Correspondent, Traveller, Author, and Statesman • William Elliot Griffis
... of promise he thought it, and he enlisted the aid of Thomas Jefferson. The result was that when Clark set out on his return journey, it was with orders not only to defend Kentucky, but to attack Kaskaskia and the other British posts, and he carried with him L1,200 in paper money, and an order on the commander of Fort Pitt for such boats and ...
— American Men of Action • Burton E. Stevenson
... converted from three and one-half per cent into a loan paying three and one-fourth per cent for ten years and three per cent thereafter. By another far-reaching measure—the Bank Charter Act—Peel placed salutary restrictions upon the issue of paper money, and increased his reputation as a master of ...
— Ten Englishmen of the Nineteenth Century • James Richard Joy
... 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
... 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 in the value of merchandise ...
— The Economist - Volume 1, No. 3 • Various
... business as he wished, "bivouacked" with his tail round your office and threatened to "kill you as he would a fly." Mr. Brassey managed notwithstanding to illustrate the civilizing power of railways by teaching the Basques the use of paper money. ...
— Lectures and Essays • Goldwin Smith
... As to the paper money in your hands, the States have not yet been able to take final arrangements for its redemption. But, as soon as they shall get their finances into some order, they will surely pay for it what it was worth in silver at the time you received it, with interest. ...
— The Writings of Thomas Jefferson - Library Edition - Vol. 6 (of 20) • Thomas Jefferson
... time when he was still exasperated by his imprisonment, and stung into fresh efforts by debt and the prospect of fresh difficulties. They exhibit in the most striking form all Cobbett's pet hatreds—of the unreformed Parliament, of paper money, of political economy, of potatoes, and of many other things. The first is the Register of 2d November 1816, the first number of the cheapened form, which was sold at twopence, and so acquired the name of 'Twopenny Trash,' ...
— Political Pamphlets • George Saintsbury
... fine a stroke was appreciated, and whether his quotation was or was not passing as original. "I repeat, 'Hell has no fury like a nation scorned'—Nation, you hear, Pickles—nation, not woman. There is just one thing to save this crumbling Republic; give us more paper money—greenbacks on greenbacks, mountain high. Let the Government rent by the month or lease by the year every printing-press in the country—let the machinery sweetly hum as the sheets of treasury-notes fall in cascades to the floor, to be cut apart, packed ...
— A Strange Discovery • Charles Romyn Dake
... the supply of 20,000 pounds should not go into force until the King's pleasure was known, insisted that the paper money representing it should be redeemable in five years. This period the Assembly considered too short; the usual time was ten years. Five years would ruin too many people by foreclosures. Moreover, the Governor was attempting to dictate the way in which the people ...
— The Quaker Colonies - A Chronicle of the Proprietors of the Delaware, Volume 8 - in The Chronicles Of America Series • Sydney G. Fisher
... 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
... 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 ...
— Hawtrey's Deputy • Harold Bindloss
... Conventions-Muenze (conventional currency), are current for ordinary purposes; and it is necessary to get them changed for the current paper Wiener Waehrung.To explain this matter more fully and clearly: there are two sorts of paper money in the Austrian Dominions. One is called Conventions-Muenze (conventional currency), which is fully equivalent to gold and sliver and cannot be refused as such throughout the whole of the Austrian dominions; the other, called Wiener Waehrung (Vienna security) is current and payable in Austria ...
— After Waterloo: Reminiscences of European Travel 1815-1819 • Major W. E Frye
... in the shape of a hollow ingot, a 'silver ingot,' gun-kho as they call it. This requires a great amount of labour and time, but increases the value of the treasure immensely." (De Groot, I. 25.) "Presenting paper money when paying a visit of condolence is a custom firmly established, and accordingly complied with by everybody with great strictness.... The paper is designed for the equipment of the coffin, and, accordingly, always denoted by the term koan-thao-tsoa, 'coffin ...
— The Travels of Marco Polo Volume 1 • Marco Polo and Rustichello of Pisa
... 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
... Simiti, dried and salted. baile, dance. barra, bar of wood or iron. batea, a wooden basin corresponding to the gold-pan. bejuco, thin filament, growing on tropical trees. Also, vine. bendita virgen, Blessed Virgin. bien, well. bien pues, well, then. billetes, bank notes, government notes, paper money. bodega, warehouse. Also, depot, supply house, cellar. boga, boatman, rower. boveda, vault, or arched enclosure. Burial vault, tomb. bueno, good. buen padre, ...
— Carmen Ariza • Charles Francis Stocking
... and at the time I made the demand the price of gold in greenbacks had very nearly reached $3.00 and was going up rapidly. Hence it was that I required the $500,000 in greenbacks, if the gold was not paid, to provide against any further depreciation of the paper money. ...
— The Americanization of Edward Bok - The Autobiography of a Dutch Boy Fifty Years After • Edward William Bok (1863-1930)
... every exchange has overturned and misled all our ideas: men have ended in thinking that money was true riches, and that to multiply it was to multiply services and products. Hence the prohibitory system; hence paper money; hence the celebrated aphorism, "What one gains the other loses;" and all the errors which have ruined the earth, and embrued it with blood.[2] After much research it has been found, that in order to make the two services exchanged ...
— Essays on Political Economy • Frederic Bastiat
... beautiful green purse! O that kind gentleman! He must have put it in my hand with the potatoes that my father flung at him! How I have cried to think that I may never sing to him my best to please him! My mother and I opened the purse eagerly. It had ten pounds in paper money, and five sovereigns, and silver,—I think four shillings. We determined to keep it a secret; and then we thought of the best way of spending it, and decided not to spend it all, but to keep some for when we wanted it dreadfully, and for a ...
— The Shaving of Shagpat • George Meredith
... 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 ...
— Our Government: Local, State, and National: Idaho Edition • J.A. James
... elderly raisins, another had a few potatoes. We found some onions, bought another cooking pot and kitchen necessaries, and packed them in the carts which had arrived in the town. Nobody would take paper money unless we bought ten francs' worth. After waiting an hour and a half we hunted down the colonel. The telephone official told us he had got leave from the Government. At last we found him in the mayor's office, bristling with papers and ...
— The Luck of Thirteen - Wanderings and Flight through Montenegro and Serbia • Jan Gordon
... expence, which were to be sunk in three years by a duty laid upon liquors, skins, and furs. In this measure all parties acquiesced, as it fell easy on private persons, at the same time that it satisfied the public creditors. This was the first paper money issued in Carolina, and, for five or six years after the emission, it passed in the country at the same value and rate with the sterling money of England. How, in process of time, it increased in quantity and sunk in value; how it was deemed useful by debtors and prejudicial by creditors, we ...
— An Historical Account Of The Rise And Progress Of The Colonies Of South Carolina And Georgia, Volume 1 • Alexander Hewatt
... had four wagons loaded with silver carried from Law's bank, in exchange for his paper money; and this it was that accelerated Law's disgrace, and created a kind of popularity ...
— The Memoirs of the Louis XIV. and The Regency, Complete • Elizabeth-Charlotte, Duchesse d'Orleans
... in 1809, carried on the business of bankers in Guernsey under the style of "The Guernsey Bank." This Bank was in existence for about ten years in the beginning of the present century, and was, I am told, the first to issue paper money (L1 notes) in Guernsey. It came to grief, however, after ...
— The Coinages of the Channel Islands • B. Lowsley
... in New York was due in part and perhaps primarily to the retirement, in November, 1768, of the last issues of the old Bills of Credit, according to the terms of the Paper Currency Act passed by Parliament during Mr. Grenville's administration. As a result of this retirement of all the paper money in the province, money of any sort was exceedingly scarce during the years 1769 and 1770. Lyon dollars were rarely seen; and the quantity of Spanish silver brought into the colony through the trade with the foreign islands, formerly considerable but now greatly diminished by, they, ...
— The Eve of the Revolution - A Chronicle of the Breach with England, Volume 11 In The - Chronicles Of America Series • Carl Becker
... told 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, ...
— The Life of the Right Honourable Horatio Lord Viscount Nelson, Vol. I (of 2) • James Harrison
... of the 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 the ...
— Neville Trueman the Pioneer Preacher • William Henry Withrow
... states during the war, and for some time thereafter. They were in the nature of promissory notes, issued by the authority of the state, and on the credit of the state, and put in circulation by the continental congress and the states as money. This paper money, having no funds set apart to redeem it, became almost worthless. Bank bills issued upon the credit of private individuals, do not come under the prohibition. It is also held that the prohibition does not apply to the notes or ...
— The Government Class Book • Andrew W. Young
... standard money. In a higher degree than any other one material, gold has the qualities of a good standard for rich and industrially developed communities. England for a long period practically has had gold as its standard money; the United States since 1834 (except for the period of paper money from 1862 to 1879); France since about 1879, having shifted gradually from silver, after 1855, under the working of the bimetallic law; Germany since 1873; and Japan since the later nineties. Other countries have been striving to attain it. Since about 1890 some states (including Mexico) ...
— Modern Economic Problems - Economics Vol. II • Frank Albert Fetter
... from the import and excise taxes to the payment of interest on the state debt was met by the appropriation of one-third of those taxes to government expenses. To be sure the Legislature had refused to provide for the emission of any more paper money, and this, in the opinion of many, was unpardonable but it had shown a disposition to make up in some degree for this failure by passing a law to establish a mint in Boston. These concessions practically cut the ground out from under the rebellion, and the practical minded people ...
— The Duke of Stockbridge • Edward Bellamy
... tell us plainly that our people are fronting a social 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 ought to go ...
— The Art of Public Speaking • Dale Carnagey (AKA Dale Carnegie) and J. Berg Esenwein
... 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
... me 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 under ...
— The Audacious War • Clarence W. Barron
... court, but no share of it would have fallen to you. Your taxes would not have been lessened, because she would have been in no condition to have paid any towards your relief. We are rich by contrivance of our own, which would have ceased as soon as you became masters. Our paper money will be of no use in England, and silver and gold we have none. In the last war you made many conquests, but were any of your taxes lessened thereby? On the contrary, were you not taxed to pay for the charge of making them, and has not the same been ...
— The Writings Of Thomas Paine, Complete - With Index to Volumes I - IV • Thomas Paine
... Merchandise in considerable 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 ...
— Daniel Boone - The Pioneer of Kentucky • John S. C. Abbott
... countered the Cap., "Germany can print money and keep on paying; as long as the war lasts paper money will be honored; it has to be if the Government says so. Only when the end comes and there is no gold to honor the paper will the crash come: Germany hopes to be in the position to obtain compensation ...
— On the Fringe of the Great Fight • George G. Nasmith
... simple," he continued with animation in spite of his foreign accent. "On this island a plant to print paper money, to coin silver. With that we shall land, pay our men as they flock to us, collect forces, seize cities, appropriate the customs. Once we start, ...
— Constance Dunlap • Arthur B. Reeve
... military commissions for an army of half a million of men, the immense patronage involved in the letting of army contracts, the inflation of prices and the rise of property which would follow the excessive issue of paper money, made necessary by the lavish expenditure;—these, indeed, are the enormous bribes ...
— A Report of the Debates and Proceedings in the Secret Sessions of the Conference Convention • Lucius Eugene Chittenden
... series of financial regulations was promulgated. The Finance Minister, during 1916, was still Turkish, but the official immediately under him was a German. He was authorised to deposit with the Controllers of the Ottoman National Debt German Imperial Bills of LT30,000,000, and to issue German paper money to the like amount. This arrangement insures the circulation of the German notes, which are redeemable by Turkey in gold two years after the declaration of peace. Gold is declared to be the standard currency, and no creditor is obliged to accept ...
— Crescent and Iron Cross • E. F. Benson
... wore a little silver sword of Ojin set as a frontlet to their helmets, for a crest of honor. On gilded or lacquered Japanese cabinets and shrines, and printed on their curious old, and new greenback paper money, are seen the blazing Jewels of the Tides. On their gold and silver coins the coiled dragon clutches in his claws the Jewels of the Ebbing and the Flowing Tide. One of the iron-clad war ships of the imperial Japanese navy, on which floats proudly the red sun-banner ...
— Japanese Fairy World - Stories from the Wonder-Lore of Japan • William Elliot Griffis
... stuffed into the sack both loose and packed gold. He had a few bills, not many, for in the West paper money was then used ...
— The Fighting Edge • William MacLeod Raine
... details of finance, and their practical application to the currency question, have not often been understood, and therefore not often relished by me whenever I have attempted to master them; but I have heard them frequently and vehemently discussed by the advocates of both paper money and coin currency; I have read all the manifestoes upon the subject put forth by Mr. Nicholas Biddle, late President of the United States Bank, who is supposed to have understood finance well, though the unfortunate funds committed to his charge do not appear to have been the safer for that ...
— Records of Later Life • Frances Anne Kemble
... and carrying in his hands only a valuable viola. So confused was he with fright that main force was required to get him out of the room. After seeing him safely out of the front door, Mickley went back and secured a considerable sum of paper money which had been totally overlooked for the sake of the beloved viola. Plich at his death bequeathed the viola to Mickley, and it was the only instrument which the latter always refused to part with during his lifetime. The entire savings of Plich were ...
— Lippincott's Magazine Of Popular Literature And Science, Old Series, Vol. 36—New Series, Vol. 10, July 1885 • Various
... from grease and lye just as it was made in the south. Shin-plaster (paper money similar to green back, which represented amounts less than a dollar) were very plentiful and after the Civil War confederate money of all kinds was as so ...
— Slave Narratives: A Folk History of Slavery in the United States - From Interviews with Former Slaves - Florida Narratives • Works Projects Administration
... I stopped him. "On February twelfth your father left money, marked coin and paper money, as if by accident, on the top of the liquor cabinet; not exposed, but dropped in under the edge of the big ash tray so it might look as though it were forgotten—in a sense, ...
— The Million-Dollar Suitcase • Alice MacGowan
... measures remain: The acquisition of Louisiana, the acquisition of California, and the Independent Treasury Bill. The war of 1812 was unwise, and in conduct it was weak. The policy of that middle period in regard to paper money, to internal improvements, in regard to the protection of domestic industry, and in regard to slavery has been set aside or overthrown by the better judgment of recent years. Yet so much are statesmen and parties the servants or victims of events, that our opinions should be tolerant of the men who ...
— Reminiscences of Sixty Years in Public Affairs, Vol. 1 • George Boutwell
... in town, 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
... inexhaustible fund of French vivacity. Alluding, once, to the 'hard money' cry by which the lying politicians of the day carried elections, he exploded that nonsense in two lines: 'If a man gets the wearable or the eatable he wants, what cares he if he has gold or paper money?' He devoted two sentences to the Old School and New School Presbyterian controversy: 'Great trouble among the Presbyterians just now. The question is whether or not a man can do any thing toward saving his own ...
— Great Fortunes, and How They Were Made • James D. McCabe, Jr.
... pause that followed they looked hard into one another's eyes. Then the man answered in six words. Pushing away the hand that offered him a great tight-rolled mass of paper money, he said, "Put that away—now, come on," and they entered the carriage, and drove to the home of a minister. There a curious thing happened. They had answered satisfactorily the reverend gentleman's ...
— Stage Confidences • Clara Morris
... a large issue of paper money, the delusion was kept up longer than it would otherwise have been. The first symptom of something wrong was the turning of the exchange against England. A diminution of issues at the bank followed. Merchants began to experience difficulties in meeting pecuniary ...
— Diaries of Sir Moses and Lady Montefiore, Volume I • Sir Moses Montefiore
... because the miners could not pay; and so on up to the wholesalers in the city. Goods were therefore sold cheap at auction, and the gold went East to pay at the source. Money, actual physical money, became scarce. The gold was gone, and there existed no institution legally entitled to issue the paper money that might have taken its place. All the banking was done by private firms. These took deposits, made loans, issued exchange, ...
— The Gray Dawn • Stewart Edward White |
