The spirit of the age. [volume] (Woodstock, Vt.) 1840-1844, 1841-12-10
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"The mer, of this work will, hope place II in
the hands Of every reader in our country. BY dill
fusng sound principles of Political Economy, 1t
will protect the public industry from the PARA
SITE INSTITUTIONS 1.-THE banksl now consum-
ing it. and lead us 10 that just and regular ds'rlbu
ton of the public burlhens, from which we have
sometimes strayed. Thomas JeGGson's Pre-
face 10 Tracy's Political Economy, 1918.
"The system Of banking we have both equally
and ever reprobated. contemplate it as a blot
left in all our constitutions, which If not covered
will end in their destruction, which is already hit
bv the gamblers in corruption, aud is sweeping
away in its progress the fortunes and morals Of
our citizens. - Thomas JcGcrSon'S Letter 10 John
Taylor, 1916.
81 cannot but lament, from my lnmost soul that
lust Of paper money which appears in some parts
Of the United States. There will never be any
uniform rule if there is sense of justice, nor any
clear credit, public or private. nor any settled con-
tdence in public men or measures, until paper
money is done away. John adams 10 John jag,
1889.
''No nation had better currency than the Uni
ted SALES.--FUTURE was no nation which had guard
cd the currency with more care-ior the trainers
Of the Constitution, and those who enacted the ear
" statutes on the subject, were hard money men :;
they had felt, and therefore duly appreciated the
evils Of paper medium; they therefore seduously
guarded the currency of the United States from de-
basement. The legal currency ofthe L. States $
gold and silver. This is subject upon which
Congress has run into no FOLLY. '-Dan'ei " CO.
ster, 1916
"Farmers of Virgina-mechanics- who live
BY honest lnbor-w you not make effort to
secure yourselves and your posteriy from the
enormous and increasing exac,ions and depreda-
tions of this system of fraud and usurpltion''-
Abuses Of Banking.
"The states were expressly forbidden by the
federal constitution 10 "emt bills of credit" or TO
"make anything but gold and silver a tender III
paymen, of dcbls,' or to "pass any law lmpairng
the obligation ofcon'acts;" yet the state lcglila-
tures in violation Of all these constitutional prohl-
billions, have, first directly or indirectly, flooded
the country with the more worthless kind OF bank
paper currency, and, at each time OF utter prosra-
ton of its credit these same authorities have hast
oned to protect the banks from the exac,on of their
Obligations and by "stay laws" and other such
expedenis have, in effect, both impaired the obll-
CATION Of contracts between individuals, and made
deprecated bank notes legal tender, by debar-
ring the creditor from other or legal payment. II
would be as difficult it wopd be useless 10 tell
whether the federal or the state authorities have
been, in sustaining the paper money system, the
most daring, extensive and dangerous ,ioaters of
the spirit of the federal constitution '-Southern
Magazine.
can parties and nearly all the individuals of
every party have been, in different degrees drug
ped, intoxicated, and coruptedb by the paper mon =
cy Gree; and, while the government and its re-
manning valuable institutions have been almost rent
BY the discussion and contests Of parties in regard
20 banks and paper money the dIsputanls were
merely the partizans of different banks or differ.
ent systems of banking, Of which i, would be
difficult 10 pronounce which was most evil in ten
dency, fraudulent in operation, or most in VIOLA
ton OF the spirit and letter of the original consti
tuition. "-Southern Magazine.