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Updated: June 27, 2025
The public refuses to admire anything that can be done by a machine, and longs for something finer, more subtle, more closely allied to the soul of the artist. This does not mean, however, that the necessity for a comprehensive technic is depreciated. Quite the contrary is true. The need for an all-comprehensive technic is greater than ever before.
They could offer no inducements in the depreciated money which alone they possessed that were enough to counterbalance the advantages of the public service. Everybody knew also that there was no future for the wealthy class, and nothing to be gained through their favor.
Every region over which it swept is blocked with heaps of unsightly ruins, It has depreciated all moral values. It passed like a tornado, spending its energies in demolition. Of construction hardly a trace has been discerned, even by indulgent explorers.
It is unreasonable to expect a return to a sound currency so long as the Government by continuing to issue irredeemable notes fills the channels of circulation with depreciated paper.
There is an annual rise in the stream, but since 1874 this river system has fourteen times devastated large areas of this section with destructive floods. The property in this district depreciated in value to the extent of about 400 millions in ten years. Farmers from this section, therefore, have at times moved west with foreigners to take up public lands.
But the change in the character of the circulation from a nominal and apparently real value in the first stage of its existence to an obviously depreciated value in its second, so that it no longer answered the purposes of exchange or barter, and its ultimate substitution by a sound metallic and paper circulation combined, has been attended by diminished importations and a consequent falling off in the revenue.
Had at the same time the agreeable intelligence that the octavo sets, which were bought by Hurst and Company at a depreciated rate, are now rising in the market, and that instead of 1500 sold, they have sold upwards of 2000 copies. This mass will therefore in all probability be worn away in a few months and then our operations may commence. On the whole, I am greatly pleased with the acquisition.
Owing to the system of finance pursued by our Government, and by every other Government now engaged in the war, of providing for a large part of the country's goods by the mere manufacture of new currency and credit, the buying power of the pound sterling has been greatly depreciated.
In this mode not a single note of his own was suffered to be depreciated, and he was thus enabled, in 1817, to contribute effectually to the restoration of specie payments." He was instrumental in securing the establishment of the new Bank of the United States, and was its largest stockholder and one of its directors.
Italian farms depreciated from the conversion of tillage into pasture lands and parks, as in England in the present day. Slavery inordinately increased from the captives taken in war. Western Asia furnished the greatest number of this miserable population, and Cretan and Cilician slave-hunters were found on all the coasts of Syria and Greece.
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