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Updated: June 27, 2025
Life here, and this present, have been depreciated unduly, untruly, and unthankfully. And harm has been done, not only to the men who accept that estimate, but to the world that scoffs at it.
Nor was this all. In order to make it appear that the depreciated paper, which he had fraudulently substituted for silver, had been received by him in payment of taxes, he had employed a knavish Jew to forge endorsements of names, some real and some imaginary.
The paper money of the country proved itself the most valuable kind of property that any one could possess; whereas under like circumstances, in former times, when banks under the State laws could practically issue as many notes as they chose, much of it would have been left worthless and the remainder depreciated.
Thus when paper currency depreciated to a low figure he, of his own volition, wrote to Lund Washington that he would not hold him to his contract, but would pay his wages by a share in the crops, and this at a time when his own debtors were discharging their indebtedness in the almost worthless paper. If ever a square man lived, Washington was that man.
Although it might be premature upon an experience of such limited duration to form a definite opinion in regard to the extent of its influences in correcting many evils under which the Federal Government and the country have hitherto suffered, especially those that have grown out of banking expansions, a depreciated currency, and official defalcations, yet it is but right to say that nothing has occurred in the practical operation of the system to weaken in the slightest degree, but much to strengthen, the confident anticipations of its friends.
The true Puritan is not squeamish: the true Puritan is free to say "Damn it!" It need hardly be explained that Bernard Shaw added to his negative case of a dramatist to be depreciated a corresponding affirmative case of a dramatist to be exalted and advanced. He was not content with so remote a comparison as that between Shakespeare and Bunyan.
Bishop Fray Lopez de Haro wrote in 1644: " ... The only crop in this island is ginger, and it is so depreciated that nobody buys it or wants to take it to Spain.... There are many cattle farms in the country, and 7 sugar mills, where the families live with their slaves the whole year round."
Does a mother love her child the less when, contorted with passion, it storms and rages? She grieves that a little soul should be so greatly vexed. Her affection is no jot depreciated.
The bitterness of that foe was likely, in the future, to outweigh all the plaudits of his friends. The Duke of Alva had strongly advised against giving battle to De Thermes. He depreciated the triumph after it had been gained, by reflections upon the consequences which would have flowed, had a defeat been suffered instead. He even held this language to Egmont himself after his return to Brussels.
Every one noticed with pleasure, moreover, that he, after so short a stay, not more than three days, perhaps, among us, had so wonderfully succeeded in mastering the case and “had studied it to a nicety.” People described with relish, afterwards, how cleverly he had “taken down” all the witnesses for the prosecution, and as far as possible perplexed them and, what’s more, had aspersed their reputation and so depreciated the value of their evidence.
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