Everybody's Money: What it Is, what it Does, what Should be Done with itG. P. Putnam's Sons, 1923 - 175 pages |
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Common terms and phrases
American amount average balance bankers basis become bills bonds cause cent centuries changes circulation civilization classes coins commerce commodities cost currency debts demand deposit developed discount dollar early economic effect establish exchange exist fact fall Federal Reserve Bank Federal Reserve Board fixed France give given gold hand idea important increase index numbers inflation interest issued Italy known labor limited living loan matter means ment merchants merely metal method monetary units months necessary needed notes obtain paid paper money payment period political possible pound present price level profit purchasing power quantity reason regulation result rise sell silver speculators stabilize standard supply things tion trade unit of account United wages weight worth
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Page 151 - The first creature of God, in the works of the days, was the light of the sense : the last was the light of reason ; and his sabbath work ever since, is the illumination of his Spirit.
Page 60 - ... depreciated bills of credit : the iniquity of the laws estranged the minds of many of the citizens from the habits and love of justice. The nature of obligations was so far changed that he was reckoned the honest man who, from principle, delayed to pay his debts. The mounds which government had erected to secure the observance of honesty in the commercial intercourse of man with man were broken down. Truth, honor, and justice were swept away...
Page 14 - Invention is one of the great marks of genius; but if we consult experience, we shall find that it is by being conversant with the inventions of others that we learn to invent; as by reading the thoughts of others we learn to think.
Page 82 - Gold certificates, silver certificates, and national bank notes are not legal tender, but both classes of certificates are receivable for all public dues, while national bank notes are receivable for all public dues except duties on imports, and may be paid out by the government for all salaries and other debts and demands owing by the United States to individuals, corporations, and associations within the United States, except interest on the public debt and in redemption of the national currency.
Page 57 - The burden of the tax is well spread, cannot be evaded, costs nothing to collect, and falls, in a rough sort of way, in proportion to the wealth of the victim.
Page 23 - Money floated the Romans off the firm ground," as Wells puts it. Every one was getting hold of money, the majority by the simple expedient of running into debt; the eastward expansion of the empire was very largely a hunt for treasure in strong rooms and temples to keep pace with the hunger of the new need. The Equestrian order, in particular, became the money power. Every one was developing property. Farmers were giving up corn and cattle, borrowing money, buying slaves, and starting the more intensive...
Page 84 - Any Federal Reserve Bank may make advances to its member banks on their promissory notes for a period not exceeding fifteen days at rates to be established by such Federal Reserve Banks, subject to the review and determination of the Federal Reserve Board, provided such promissory notes are secured by such notes, drafts, bills of exchange, or bankers...
Page 141 - Hides and leather products Textile products Fuel and lighting Metals and metal products Building materials Chemicals and drugs...
Page 23 - What has happened to Rome?" Various answers are made — a decline in religion, a decline from the virtues of the Roman forefathers, Greek "intellectual poison," and the like. We who can look at the problem with a large perspective, can see that what had happened to Rome was "money" — the new freedoms and chances and opportunities that money opened out. Money floated the Romans off the firm ground, everyone was getting hold of money, the majority by the simple expedient of running into debt; the...
Page 60 - That the helpless part of the community were legislatively deprived of their property, was among the lesser evils which resulted from the legal tender of the depreciated bills of credit. The iniquity of the laws estranged the minds of many of the citizens from the habits and love of justice.