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"You are some wagon-maker, Jeff," said de Spain, regarding him ironically. Jeffries ignored every sarcasm. "This road, as you know, owns the line. And the net from the specie shipments equals the net on an ordinary railroad division. But we must have a man to run that line that can curb the disorders along the route. Calabasas Valley, de Spain, is a bad place."
In consideration of this superiority in value the prohibition which forbade the deposits of gold and silver for bills, at Paris, was taken off, so that notes could be procured at the bank for coin. This permission was simply ridiculous, for no one now wished to exchange specie for paper, even at par.
At the same time, the provisions carried into Philadelphia were paid for in specie at a good price.
It is evident that Berkeley here confounded sameness numero with sameness specie, that is, with exact resemblance, and assumed the former where there was only the latter; not perceiving that when we say we have the same thought to-day which we had yesterday, we do not mean the same individual thought, but a thought exactly similar: as we say that we have the same illness which we had last year, meaning only the same sort of illness.
The severity of this order was in some degree mitigated by a resolution that each British commissary of prisoners should receive provisions from the American commissary of purchases, to be paid for in specie, according to the resolution of the 19th of December, 1777.
The payments in specie consist of metal money, of Germany's credits, public and private, abroad, and of a first charge on all the effects and resources of the Empire and the German States. The Reparations Commission, charged with seeing to the execution of this clause, shall have powers of control and decision. It will be a commission for Germany's debt with wider powers.
The Rohilla Sirdars, in consequence of the above to agree to pay to the Vuzeer forty lakhs of rupees, in manner following viz., ten lakhs, in specie, and the remaining thirty lakhs in three years from the beginning of the year 1180 Fussulee." Only redundant or unimportant phrases have been omitted: there is not a word of payment to the Mahrattas.
The subtreasury system rejected the last in any form, and as it was believed that no reliance could be placed on the issues of local institutions for the purposes of general circulation it necessarily and unavoidably adopted specie as the exclusive currency for its own use; and this must ever be the case unless one of the other kinds be used.
These banks had suspended specie payment, and the government had been forced to charter a new National Bank. Monroe inaugurated.% The administration of Madison ended on March 4, 1817, and on that day James Monroe and Daniel D. Tompkins were sworn into office.
A shrewd stock-gambler drew specie by small sums until he had about $200,000 in coin, and lest he should be forced to return it, he packed it in a cart, covered it with manure, put on a peasant's disguise, and carted his fortune over the frontiers into Belgium. Some others quietly realized their means in like manner by driblets and funded them abroad.
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