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"Now I guess we'd better take up the collection before any little boys lose their pennies," said Budge, hurrying to the dining-room, and returning with a strawberry-box which seemed to have been specially provided for the occasion; this he passed gravely before Toddie, and Toddie held his hand over it as carefully as if he were depositing hundreds, and then Toddie took the box and passed it before Budge, who made the same dumb show, after which Budge retook the box, shook it, listened, and remarked, "It don't rattle I guess it's all paper-money, to-day," placed it upon the mantel, reseated himself, and remarked: "Now bring on your lesson."
Scarce had he landed in Liverpool when he left the bones of a great man to shift for themselves; and no sooner did he arrive in London than he made a speech to disclaim all participation in the political and theological sentiments of his late idol, and to place the whole stock of his admiration and enthusiasm towards him to the account of his financial speculations, and of his having predicted the fate of paper-money.
Even some of the best of the Peace-Democrats, like S. S. Cox, for instance, not only assailed the Tariff under which the Union Republican Party sought to protect and build up American Industry, as well as to raise as much revenue as possible to help meet the enormous current expenditures of the Government but also denounced our great paper-money system, which alone enabled us to secure means to meet all deficiencies in the revenues otherwise obtained, and thus to ultimately conquer the hosts of Rebellion.
A forty-pound note would not purchase a pair of boots, and the peasant, very naturally, was not anxious to barter a year's toil for a piece of paper with which he could not even buy a shirt. As long as worthless paper-money whether called assignats or labour notes is offered to the peasant-producer it will always be the same.
The increase of paper-money always proved to them a considerable assistance, as it advanced the price of those commodities they brought to the market, by which they cancelled their debts with the merchants; so that however much this currency might depreciate, the loss occasioned by it from time to time fell not on the adventurous planters, but on the merchants and money-lenders, who were obliged to take it in payment of debts, or produce, which always arose in price in proportion to its depreciation.
Then as the business demand increased, the amount of specie flowed in from the world at large to meet it and the nation gradually recovered from that long paper-money debauch.
There is also a difference between different species of certificates; some of them being receivable in taxes, others having the benefit of particular assurances, &c. Again, some of these certificates are for paper-money debts. A deception here must be guarded against.
"Would you prevent, say the administrative authorities of Aube, a return to the disastrous laws of the maximum, of monopolies, to the resurrection of paper-money?... Would you, as the price of a blameless life, be once more humiliated, robbed, imprisoned, tortured by the vilest, most repulsive and most shameless of tyrants?
In the early days of her expansion Japan suffered greatly from the evils of inconvertible paper-money and strenuous efforts had for a long time been made by the Government for the redemption of the paper-money and the improvement of the general financial condition.
"I will sleep over it to-night before I decide, and let you know in the morning," replied Benjamin, as he took his leave. In the morning Benjamin put in his appearance at Keimer's office, ready for work. He received a hearty welcome, and was at once apprized of the paper-money job of New Jersey.
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