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Updated: June 24, 2025
Depreciation is one heavy item of expenditure. New machines must be evolved suitable to the requirements of mail, passenger and freight transport, but, in the present state of financial stringency, capital is not forthcoming for experiment unless there is every promise of a safe return. Then there are the expenses involved in general ground organization, maintenance, fuel, insurance, etc.
His mind, therefore, broods over questions relating to the investment of money, the depreciation of silver, and the saving effected by purchasing things at co-operative stores. He never really solves any problem suggested by these topics. His mind is not prehensile like the tail of the Apollo Bundar; everything eludes its grasp, so its pursuits are terminable.
The dissensions in congress; the removal of individuals of the highest influence and character from the councils of the nation to offices in the respective states; the depreciation of the currency; the destructive spirit of speculation which the imaginary gain produced by this depreciation had diffused throughout the Union; a general laxity of principles; and an unwillingness to encounter personal inconvenience for the attainment of the great object, in pursuit of which so much blood and treasure had been expended; were the rocks on which, he apprehended, the state vessel might yet split, and to which he endeavoured, incessantly, to point the attention of those whose weight of political character enable them to guide the helm.
A leading member of the Assembly insisted, in an elaborate speech, that the cause of depreciation was simply the want of knowledge and of confidence among the rural population and he suggested means of enlightening them. La Rochefoucauld proposed to issue an address to the people showing the goodness of the currency and the absurdity of preferring coin. The address was unanimously voted.
"Will it buy a razor?" asked Fownes, quickly, turning to the lawyer with a smile. "Keep it a week and 't will shave you itself," retorted the joker, and this allusion to the steady depreciation of the colony paper money called forth another laugh.
They frowned as they footed it, but they were evidently happy. Their frowns did but betoken determination to do well and rightly a thing that they loved doing were proud of doing. The smiles of the chorus in a musical comedy seem but to express depreciation of a rather tedious and ridiculous exercise. The coryphe'es are quite evidently bored and ashamed.
The depreciation of dreams is largely due to the predominance of the indifferent and the worthless in their content. Analysis destroys the appearance upon which this derogatory judgment is based.
This depreciation enriched the money people, at the expense of the public; and the circulation of money ceased, because there was no longer any money; because the King no longer paid anybody, but drew his revenues still; and because all the specie out of his control was locked up in the coffers of the possessors.
Heathcote looked infinitely pleased and flattered when told by him that they had "a cold, professional air," and asked for copies of some of them, after which he was eclipsed behind his black cloth and instrument for two days, had his room darkened to a Cimmerian pitch, worked very diligently, and presented the fruits of his labors to his host with the modest depreciation but secret delight of the artist, smiling indulgently at Mr.
Depreciation of him, and of his rank as a man of letters, was a necessity of their case. As they did not express openly their real feelings, they carried on at advantage a war against a man who never had the prudence to hide what he thought. Yet among the better class of Americans abroad, Cooper's attachment to his native land received the recognition it merited.
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