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Updated: April 30, 2025
It must be evident that this new ground for bank suspensions, in reference to which their action is not only disconnected with, but wholly independent of, that of the public, gives a character to their suspensions more alarming than any which they exhibited before, and greatly increases the impropriety of relying on the banks in the transactions of the Government.
The passage quoted below from 'Paradise Lost' affords a fine instance of a sentence well arranged; alike in the priority of the subordinate members, in the avoidance of long and numerous suspensions, and in the correspondence between the order of the clauses and the sequence of the phenomena described, which, by the way, is a further prerequisite to easy comprehension, and therefore to effect.
If they will afford us a real specie basis for our paper circulation by increasing the denomination of bank notes, first to twenty and afterwards to fifty dollars; if they will require that the banks shall at all times keep on hand at least one dollar of gold and silver for every three dollars of their circulation and deposits, and if they will provide by a self-executing enactment, which nothing can arrest, that the moment they suspend they shall go into liquidation, I believe that such provisions, with a weekly publication by each bank of a statement of its condition, would go far to secure us against future suspensions of specie payments.
A part of this was superficially addressed to Claire and the solidly amazed Evadore; but all its underlying intention, its musical cadences and breathless suspensions for approval, were flung at the men.
The capital was in anxious suspense; the depressed temper of the capitalists, the suspensions of payment, the frequent bankruptcies were heralds of the fermenting revolution, which seemed as though it must at the same time produce a totally new position of parties.
The reader may be interested in details of the apparatus shown in Figs. 168 and 170, made by the writer. The suspensions are of the point type. The weights scale 5 lbs. each. The platform pendulum is provided with a second weight, which can be affixed above the suspension to slow that pendulum for 2:3, 4:5, 7:8, and higher harmonies.
However valuable these securities may be in themselves, they can not be converted into gold and silver at the moment of pressure, as our experience teaches, in sufficient time to prevent bank suspensions and the depreciation of bank notes.
Each chord must be viewed as the result of the confluence of all the separate voices moving harmoniously together. This, too, will help us to grasp the character of "altered" chords, so lavishly employed by Wagner, and of "inflection," by which term I mean to denote all kinds of passing notes, appoggiaturas, suspensions, changing notes, and the like.
Miracles are extraordinary events, which break through the laws of nature, and exceed the force of all natural causes; it is only necessary to make use of our reason to be aware that God, whose power is infinite, having freely established these laws, may, whenever He thinks fit, break through them Himself by the ministry of His creatures, whom He makes use of as He pleases; that these suspensions may enter into the external designs of His wisdom and providence, and that they occur by successive acts, without there having been any change in Him, because it is an act of His will which causes them, as it does every other thing.
Our Government has broken down at every point, and the two irreconcilable elements whose suspensions of hostilities are mistaken for peace are about to try their hands at each other's tempting display of throats. There is no longer so much as a pretense of amity; apparently there will not much longer be a pretense of regard for mercy and morals.
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