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That which has been the typical contribution of the religious perceptions in the past, namely, the comprehensive vision of life and the world and time sub specie aeternitatis is here abandoned. Eternity is unreal or empty; we never heard the music of the spheres. We are facing at this moment a disintegrating age. Here is a prime reason for it.
The specie taken with them is estimated here at from six to thirteen million dollars. H. W. HALLECK, Major-General commanding. Subsequently, before the Committee on the Conduct of the War, in Washington, on the 22d of May, I testified fully on this whole matter, and will abide the judgment of the country on the patriotism and wisdom of my public conduct in this connection.
With the exception of limited sums deposited in the few banks still employed under the act of 1836, the amounts received for duties, and, with very inconsiderable exceptions, those accruing from lands also, have since the general suspension of specie payments by the deposit banks been kept and disbursed by the Treasurer under his general legal powers, subject to the superintendence of the Secretary of the Treasury.
"Why, now and again the stages are held up, yes," admitted Jeffries brusquely; "that is to be expected where the specie shipments are large. The Thief River mines are rotten with gold just now. But you don't have to drive a stage. We supply you with good men for that, and good guards men willing to take any kind of a chance if the pay is right.
The banks, therefore, must keep their business within prudent limits, and be always in a condition to meet such calls, or run the hazard of being compelled to suspend specie payments and be thereby discredited. The amount of specie imported into the United States during the last fiscal year was $24,121,289, of which there was retained in the country $22,276,170.
He declared that the measure was entirely preliminary to other legislation, "which must include the banking system, the time and manner of resuming specie payments, the payment of the debt and the kind of money in which it may be paid, and the reduction of expenditures and taxes."
The physician replied that he was unable to answer, that it might be the removal of the deposits. "Oh! no," said the General. "Then it may be the specie circular?" "Not at all!" "What is it, then?"
Do gentlemen here expect, when England, with almost all the commerce of the world at her command, was unable to resume specie payments for eight years after the conclusion of her wars, and then did it by such gradual legislation that there should be no shock to the business of the country do gentlemen expect that we are to put it into the power of one man to compel the resumption of specie payments in a single year?"
The student of human progress is likely to be increasingly impressed with the interaction between ideas and institutions. How far does man build and shape institutions to give body to his ideas? How far is it the organized life with its social contacts, its give and take, its enlargement of its membership to see life sub specie communitatis, which itself brings ideas to birth?
I do not say that Phrenology was one of the Pseudo-sciences. A Pseudo-science does not necessarily consist wholly of lies. It may contain many truths, and even valuable ones. The rottenest bank starts with a little specie. It puts out a thousand promises to pay on the strength of a single dollar, but the dollar is very commonly a good one.
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