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Updated: June 12, 2025
This, however, would depend upon the law of demand and supply, though it should be borne in mind that by making legal-tender and bank notes convertible into coin or its equivalent their present specie value in the hands of their holders would be enhanced 100 per cent. Legislation for the accomplishment of a result so desirable is demanded by the highest public considerations.
From the first they were the ablest vessels that could be built, full-bodied and stoutly rigged. They were the only regular means of communication between the United States and Europe and were entrusted with the mails, specie, government dispatches, and the lives of eminent personages.
Simon's loss was greater than might have been supposed; for, except a trifling sum in the savings bank, he, like many other misers, kept all he had, in notes or specie, under his own lock and key. His whole fortune, indeed, was far less than was supposed: for money does not make money unless it is put out to interest, and the miser cheated himself. Such portion as was in bank-notes Mrs.
Whether this Government, with due regard to the rights of the States, has any power to constrain the banks either to resume specie payments or to force them into liquidation, is an inquiry which will not fail to claim your consideration.
And then, whilst we are being towed towards Samatau, we can overhaul poor Captain Marston's cabin. All the specie, so this scoundrel tells me" and he pointed to the Chileno steward "is still in a safe in the captain's cabin, and has not yet been touched. But it was to be divided to-morrow." And then Randall Cheyne sprang on deck and shouted out in Samoan "Friends, the ship is ours!
It was very soon after the Duke's return to Brussels that a quarrel between himself and the Queen of England took place. It happened thus. Certain vessels, bearing roving commissions from the Prince of Conde, had chased into the ports of England some merchantmen coming from Spain with supplies in specie for the Spanish army in the Netherlands.
In favor of this explanation it may be further said that the fall of prices began immediately on the close of the war, and at no time was greater than in 1817, two years before the resumption of specie payment by the Bank. In 1819 the Bank of England resumed the payment of specie.
On the subject of banks, Tazewell though brought up by men who had been almost ruined by a paper currency and hated the name, his own father having been one of the most active statesmen in forcing a resumption of specie payments after the peace of 1783, was not unwilling that commercial men should employ the agency of banks under proper restrictions; and having been elected by the people of Norfolk to the House of Delegates without his knowledge and during his absence from home, he took his seat in that body in 1816.
"Let me tell you that the mouth I have opened to ask questions will stay open in regard to hoarding that specie where it ain't drawing interest." Britt jumped up and shook his fist under Stickney's snub nose. "Don't you dare to go blabbing around the country! You might as well set off a bomb under our bank as to circulate news that will attract robbers." "Bomb?
Purchases far exceeded sales and the specie coming from the South was drained away as fast as it was received, but dozens of banks furnished a supply of currency by means of copious issues of paper money, and the career of extravagance proceeded. The internal trade of the country had never been so prosperous.
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