Speech of Ephraim Banks Esq of Mifflin Delivered in the Convention to Amend
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in return. A nation that carries its The arguments of other gentlemen consumption of foreign luxuries so far, lead to the same conclusion, although as to leave itself without a suitable me- they have spoken more cautiously. Dium for domestic exchanges, may be He would now, he said, request the compared to a mechanic who barters attention of the committee to what this the tools of his trade for the enjoyments writer has answered to this question, of the alehouse. Money is the to'ol of all Is pap...er money cheaper than specie ? trades.
" The events of the last thirty years " Every man desires money, because have created a suspicion in most men's he can there with- procure whatever else minds, that there is something not ex- he desires. If paper can procure for actly right in our banking system. In- him the object of his desire as readily as deed, the very head of the system, the gold and silver, paper is as desirable to President of the United States Bank, him as gold and silver. The Bank, seems to be a sceptic as to its utility, therefore, finds borrowers for all the He acknowledges that it is attended coin it l?as to lend, and all the paper it with great danger ; but then he says, deems it safe to issue.
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You can find similar books in the "Read Also" column, or choose other free books by Ephraim Banks to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
in return. A nation that carries its The arguments of other gentlemen consumption of foreign luxuries so far, lead to the same conclusion, although as to leave itself without a suitable me- they have spoken more cautiously. Dium for domestic exchanges, may be He would now, he said, request the compared to a mechanic who barters attention of the committee to what this the tools of his trade for the enjoyments writer has answered to this question, of the alehouse. Money is the to'ol of all Is pap...er money cheaper than specie ? trades.
" The events of the last thirty years " Every man desires money, because have created a suspicion in most men's he can there with- procure whatever else minds, that there is something not ex- he desires. If paper can procure for actly right in our banking system. In- him the object of his desire as readily as deed, the very head of the system, the gold and silver, paper is as desirable to President of the United States Bank, him as gold and silver. The Bank, seems to be a sceptic as to its utility, therefore, finds borrowers for all the He acknowledges that it is attended coin it l?as to lend, and all the paper it with great danger ; but then he says, deems it safe to issue.
What to read after Speech of Ephraim Banks Esq of Mifflin Delivered in the Convention to Amend?
You can find similar books in the "Read Also" column, or choose other free books by Ephraim Banks to read onlineMoreLess
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