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Few questions are less "easy" than those connected with a paper-money currency, but one half-holiday afternoon we found a vigorous discussion on this subject in progress between a group of cricketers whom rain had driven to the pavilion.
She was a musician and played the harp, and as soon as they were settled in Rouen her mother engaged Boiëldieu as her accompanist, "to whom she long paid six silver francs per lesson," a sum that seemed fabulous in that period of paper-money, and territorial mandates. Madame de Combray, besides, was much straightened.
The fact was, he had a prospect of being employed to print some paper-money in New Jersey, which would require cuts and various types that Benjamin only could supply, and, therefore, he wanted to re-engage him.
Extravagant issues of paper-money, inconsiderate credits that commence in Europe; and extend throughout the land, and false notions as to the value of their possessions, in men who five years since had nothing, has completely destroyed the usual balance of things, and money has got to be so completely the end of life, that few think of it as a means.
In England, which is to a considerable extent a paper-money country, though vastly behind our own in this respect, it was deemed advisable, anterior to the act of Parliament of 1844, which wisely separated the issue of notes from the banking department, for the Bank of England always to keep on hand gold and silver equal to one-third of its combined circulation and deposits.
We of the United States lead the world in beautiful paper-money; and when I exchanged my crisp, handsome greenbacks for the dirty, flimsy, ill-executed notes of the Dominion, at a dead loss of value, I could not be reconciled to the transaction.
Most of the time he spent with his employer at Burlington, executing the paper-money, and there made many friends, among whom was Judge Allen, the Secretary of the Province, several members of the Assembly, and the Surveyor-General, all of whom were of service to him when he set up business for himself.
By degrees I succeeded in taking him down near the ferry, and there sat down on the bank to try the effect upon his avaricious heart of the sight of some gold which I had purchased at Montgomery. His eyes glistened as he examined an eagle with unwonted eagerness, while we talked of the uncertain value of paper-money, and the probable future value of Confederate scrip.
I entered at last into that Austria, which four years before I had seen so happy; already I was struck by a sensible change, produced by the depreciation of paper-money, and the variations of every kind which the uncertainty of the financial measures had introduced into its value.
The President vetoed the bill for a variety of reasons, duly stated, but really, as Mr. Webster said, because a sound bank of this sort was not in favor with the administration. Another paper-money scheme was introduced, and the conflict began again, but was abruptly terminated by the news of peace, and on March 4 the thirteenth Congress came to an end.
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