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Updated: May 2, 2025
Land-jobbing, stock-jobbing, slave-jobbing, rights-of-man-jobbing, were all, hand in hand, sweeping over the land like a hurricane. The banks were plunging into desperate debts, preparing for a universal suspension of specie payment, under the shelter of legislative protection to flood the country with irredeemable paper.
If the, Dogma were carried he declared, no man who accepted it could remain a loyal subject and Catholics would everywhere become 'irredeemable enemies of civil and religious liberty'. In these circumstances, was it not plainly incumbent upon the English Government, involved as it was with the powerful Roman Catholic forces in Ireland, to intervene? Mr.
It is unreasonable to expect a return to a sound currency so long as the Government and banks, by continuing to issue irredeemable notes, fill the channels of circulation with depreciated paper.
Like every supporter of irredeemable paper money then or since, he seemed to think that the laws of Nature had changed since previous disastrous issues. He said: "Paper money under a despotism is dangerous; it favors corruption; but in a nation constitutionally governed, which itself takes care in the emission of its notes, which determines their number and use, that danger no longer exists."
If he had not been able to bring the Scottish army to action, his retreat must have been made with discredit and loss, and Scotland must have been left in the power of the patriots. The slaughter and disgrace of the battle of Falkirk might have been repaired in other respects, but it cost the Scottish kingdom an irredeemable loss in the public services of Wallace.
That he, her hero, so brave, so confident in the face of many dangers, should betray such sense of irredeemable loss, frightened her much more than the incident itself. Her lips whitened. Her words become incoherent. "Tell me," she whispered. "I can bear anything but silence. Tell me, I implore you. Is it so bad?" The sight of her distress sobered him.
He was convinced, but not converted, and he stood there with his little legs apart, chewing a straw above the three uncut emeralds that formed the chaste decoration of his shirt-front, giving the public of Calcutta one more chance to redeem itself. It began to look as if Calcutta were not wholly irredeemable.
In them all he resisted the craze for issuing irredeemable paper money, writing to his various correspondents, and urging energetic opposition to this specious and pernicious form of public dishonesty. It was to Massachusetts, however, that his attention was most strongly attracted by the social disorders which culminated in the Shays rebellion.
Why shall I pause to relate how, time after time, until near the period of the gray dawn, this hideous drama of revivification was repeated; how each terrific relapse was only into a sterner and apparently more irredeemable death; how each agony wore the aspect of a struggle with some invisible foe; and how each struggle was succeeded by I know not what of wild change in the personal appearance of the corpse?
"You see," he continued, with a smile, "I must attach my signature to those instruments in order to make good my promises to you." He was interrupted by a cry of astonishment from his aged comrade. "Will wonders never cease!" cried the old man. "Those merchants in Frankfort must be irredeemable fools. Look you there, Highness!
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