Duncombe's Free Banking; An Essay On Banking, Currency, Finance, Exchanges, And Political Economy

Paperback | February 5, 2012

byCharles Duncombe

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1841. Excerpt: ... representative of gold and silver, it must be separated from the fluctuations of trade, the speculations of individuals, and a dependance upon future legislation. Give us a thorough and permanent bank reform. Assimilate the paper portion of the currency as nearly as possible to specie; secure the bill-holder against the depreciation of the notes, and the public against over-expansions and consecutive ruinous contractions, and you will thus lay the foundation for universal prosperity in the United States. CHAPTER XXVII. MORAL PRINCIPLE ABOVE ALL LAW. Moral honor above all law.--The passage of depreciated paper at par, a departure from moral rectitude--The fluctuations of the currency fosters a gambling propensity--A radical reform in the currency necessary.--The founders of our government had their attention directed more forcibly o politics and religion than to currency.--Render currency republican. and it will become the key-stone of the arch of the republican edifice, of which it is at present but a defective and dangerous anti-republican corner. This gambling propensity may be said to be the first step towards moral depravity. Men seldom.commence the most abandoned course of conduct at their full speed. They are generally led on from step to step. And ultimately loosing all regard for moral obligations, acknowledge no bounds to their ambition, except the words of the statute. With them, if it is lawful and defensible in acourtof justice, it is right; and consequently justifiable. A liability to pay whatever we contract to pay, whether the law compels us to do it or not, is the result of natural obligation. It arises from the operation of the moral law; it results from the very nature of man as a moral agent. Being legally released from an obligation, m...

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1841. Excerpt: ... representative of gold and silver, it must be separated from the fluctuations of trade, the speculations of individuals, and a...

Format:PaperbackDimensions:102 pages, 9.69 × 7.44 × 0.21 inPublished:February 5, 2012Publisher:General Books LLCLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0217200567

ISBN - 13:9780217200561

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