Political Essays on the Nature and Operation of Money, Public Finances, and Other Subjects: Published During the American War, and Continued Up to the Present Year, 1791
J. Crukshank, 1791 - 504 sider
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Political Essays on the Nature and Operation of Money, Public Finances, and ...
Ingen forhåndsvisning - 2017
adopted advantage againſt appears argument authority bank becauſe become benefit beſt better bills body bring burden buſineſs called caſe caſh certificates circulation citizens common conceive Congreſs conſidered Continental courſe creditors currency danger debt demand depreciation dollars effect equal exchange fact finances firſt fixed follows force further give hands hard honor important increaſe individual intereſt juſtice keep kind leaſt leſs loſs matter means mind miſchief moſt muſt nature neceſſary never object operation opinion original paid payment perhaps perſon poſſible practice preſent principle produce proper propoſe purchaſe purpoſe raiſe reaſon received remedy require reſpect ſame ſay ſecurity ſee ſervices ſhall ſhould ſome ſtate ſubject ſuch ſum ſupplies ſupport ſuppoſe theſe thing thoſe tion trade true union uſe wealth whole
Side 132 - It is not more absurd to attempt to impel faith into the heart of an unbeliever by fire and faggot, or to whip love into your mistress with a cowskin, than to force value or credit into your money by penal laws.
Side 471 - Pennsylvania as a free and independent state, and that I will not at any time do or cause to be done any matter or thing that will be prejudicial or injurious to the freedom and independence thereof, as declared by Congress; and also that I will discover and make known to some one justice of the peace of the said state all treasons or traitorous conspiracies which I now know or hereafter shall know to be formed against this or any of the United States of America.
Side 202 - I begin with my first and great principle, viz.: That the Constitution must vest powers in every department sufficient to secure and make effectual the ends of it. The supreme authority must have the power of making war and peace — of appointing armies and navies — of appointing officers both civil and military — of making contracts — of emitting, coining, and borrowing money — of regulating trade — of making treaties with foreign powers — of establishing post-offices — and in short...
Side 207 - ... paribus) bring more than lands in thin settlements. On this principle, when the inhabitants of Russia, Poland, etc., sell real estates, they do not value them as we do, by the number of acres, but by the number of people who live on them. Where any piece of land has many advantages many people will crowd there to obtain them; which will create many competitors for the purchase of it; which will of course raise the price.
Side 208 - ... gives an opening to that evidence and reason which ought to decide it, than such a full examination and thorough discussion, as should always precede a final judgment in causes of national consequence. A detail of reasons might be added, which I deem it unnecessary to enlarge on here. The supreme authority ought to have a power of peace and war, and forming treaties and alliances with all foreign powers; which implies a necessity of their also having sufficient powers to enforce the obedience...
Side 202 - ... oppression, tyranny, and injury, when ill used; yet, from the necessity of the case it must be admitted. For to give a supreme authority a power of making contracts, without any power of payment; of appointing officers, civil and military without money to pay them ; a power to build ships, without any money to do it with ; a power of emitting money, without any power to redeem it or of borrowing money without any power to make payment, etc.
Side 200 - ... necessary to render the ends of the union effectual, otherwise their confederation will be an union without bands of union, like a cask without hoops, that may and probably will fall to pieces, as soon as it is put to any exercise which requires strength. In like manner, every member of civil society parts with many of his natural rights, that he may enjoy the rest in greater security under the protection of society.
Side 202 - I really think to offer further argument on the subject would be to insult the understanding of my readers. " To make all these payments dependent on the votes of thirteen popular assemblies, who will undertake to judge of the propriety of every contract and every occasion of money, and grant or withhold supplies, according to their opinion, whilst at the same time the operations of the whole may be stopped by the vote of a single one of them, is absurd...
Side 208 - ... produces as much neat wealth to the southern State, as the labor of the white person does to the northern State, I think it will follow plainly, that they are equally useful inhabitants in point of wealth; and therefore in the case before us, should be estimated alike. And if the amazing profits which the southern planters boast of receiving from the labor of their slaves on their plantations, are real, the southern people have greatly the advantage in this kind...
Side 201 - Constitution founded on principles of natural fitness and right, as to raise timbers into a strong, compact building, which have not been framed upon true geometric principles; for if you cut one beam a foot too long or too short, not all the authority and all the force of all the carpenters can ever get it into its place, and make it fit with proper symmetry there. As the fate then of all governments depends much...