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Updated: May 17, 2025
At the same time the stringency in the money market and the low prices following the panic of 1873 added weight to the arguments of those who favored an increase in the quantity of currency in circulation and who saw in the free and unlimited coinage of silver one means of accomplishing this end.
Another important provision for preventing fraudulent combinations to raise the price of corn, was that of greatly extending the averages, and placing them under regulations of salutary stringency.
So unexpected was the assault that, strong man as Greatorix was, he had not the least chance of resistance. He reeled at the sudden constriction of his throat by hands that hardly seemed human, so wide was their clutch, so terrible the stringency of their grasp.
The increasing stringency of British control of commerce and the blacklisting of various American firms by the British authorities resulted in numerous American protests and to some warmth of feeling.
In a sort of nightmare he struggled with the strange uncanny thing that seemed to hold his hands, turn all muscular strivings to water, and laugh at him all the time; while other travellers, forming up in a line behind, waited with impatience, making suggestions of more or less value and comments of more or less stringency and point.
Those who otherwise might make lawful and just arrangements to relieve themselves from difficulties produced by the present stringency in money are prevented by their constant exposure to attack and disappointment by proceedings against them in bankruptcy, and, besides, the law is made use of in many cases by obdurate creditors to frighten or force debtors into a compliance with their wishes and into acts of injustice to other creditors and to themselves.
Not one of the old French officials remained; the diplomatic leniency of occupation was giving place to the official stringency of a permanent possession; proportionately the disaffection of the patriot remnant among the people was slowly developing into a wide-spread discontent.
The stringency evinced along the Federal lines prevented the transmission of dispatches by the Secessionists of Maryland, and for a time Generals Beauregard and Johnston were kept in ignorance of the movements of the enemy.
The scandalous state of Gray's Inn at this period is shown by the following passage in Dugdale's 'Origines: "In 23 Eliz. The stringency and severity of this order show a determination on the part of the authorities to cure the evil.
From the lecherous, but learned and logical Beecher to the gabbling inanity now doing the drum-major act, is a long stride. Now the very Old Nick is to pay at the World's Fair, and an exasperating stringency in the money market. The great "uncultured West" is flocking to Chicago to see the show, and is seeing more than it bargained for.
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