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Updated: May 18, 2025
The days are fast slipping away when the fear of credit curtailment will avail, or when wordy slogans will affright. The people are naturally conservative. They are more conservative than the financiers. Those who believe that the people are so easily led that they would permit printing presses to run off money like milk tickets do not understand them.
They saw that without changes in the policies and methods of investment there could be no recovery of public confidence in the security of savings. The country now enjoys the safety of bank savings under the new banking laws, the careful checking of new securities under the Securities Act and the curtailment of rank stock speculation through the Securities Exchange Act.
The French Government apparently realise that the famous restaurants of Paris are a national asset. There was no shortage of waiters; and, though the choice of dishes was much more limited than it used to be, the real curtailment extended only to cheese, sugar, and butter. Our bread-tickets brought us as much bread as we could reasonably expect.
This little journey was so emphatically, an act of faith, and the course of it lay so much through a part of Europe seldom visited by travellers, that we shall transcribe the diary of it without much curtailment. 9 mo. 4.
He does not respect the person of his gestant wife, and this disregard of natural law is the most potent failure in the curtailment of natural increase. Certain physiological facts indicate that woman is destitute of desire. The foregoing is as delicately as I can state propositions of such far-reaching importance, and which neither Dr.
The increase of the settlements around them, and the progressive curtailment of their limits, aroused their jealousy. They were galled, also, by the feudal superiority, similar to that of Massachusetts over her dependent tribes, claimed by Plymouth on the strength of certain alleged former submissions.
Before the Postmaster-General ordered this curtailment he had an interview with the Secretary of War upon the subject, in the course of which the Secretary agreed that a weekly mail to St. Joseph and Salt Lake City was no longer needed for the purposes of the Government this, evidently, because the trouble in Utah had ended. Mr.
Franklin himself has told the story with much particularity, and since it will neither bear curtailment nor admit of being related at length, and since the whole palaver accomplished absolutely nothing, the relation will be omitted here. In the course of it the efforts to bribe Franklin were renewed, and briefly rejected by him.
It became, therefore, an object with Napoleon, in prosecution of the design of the Berlin Decree, to draw the United States into co-operation with the European continental system, by shutting her ports to Great Britain; while the latter, confronted by this double danger, sought to impose upon neutral navigation almost wholly American such curtailment as should punish the Emperor and his tributaries for their measures of exclusion, and also neutralize the effect of these by forcing the British Islands into the chain of communication by which Europe in general was supplied.
This is the real cost to the community, which attaches to the products of any industry, in virtue of the land which it occupies; not any human labors or sacrifices required to produce the land itself, but the curtailment of the natural resources available for productive use elsewhere.
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