He pointed out the unprecedented expansion of credit in Great Britain at the same time, and, with the redundancy of paper currency[14] there, the rise of adventurous and unwholesome speculation.
It was unjust, they said, to attribute the evils to excessive development of mercantile enterprise; they flowed instead from "that unwise system which aimed at the substitution of a metallic for a paper currency.
This natural and moderate measure was assailed by those who were lauding a paper currency to the skies.
This is the only true touchstone, the only efficient regulator of a paper currency--the only one which can guard the public against overissues and bank suspensions.
The only answer to this was that history taught us that the public faith of a nation alone is not sufficient to maintain a paper currency.
The proposal to repay the debt in paper currency, the "Ohio idea," gained considerable ground in the Middle West, as has already been explained.
If paper currency was to supplement the precious metals, what amount of it should be in circulation?
It surrenders the whole question of a paper currency.
Examination of the gain arising from the increase and issue of paper Currency.
In so far as this notion has any connection at all with reason, it seems to originate in confounding two entirely distinct evils, to which a paper currency is liable.
At the same time the provincial congress made great exertions to clothe and pay the besieging army, voting a large sum in paper currency, for the redemption of which the faith of the whole province was pledged.
I have studied by close observation the laws of paper currency, as they have exhibited themselves in this and in other countries, from 1811 down to the present time.
A fortunate plan for withdrawing the debased paper currencyof Massachusetts Bay was finally matured.
A Dissertation on the Currencies of the British plantations in North America, and Observations on a paper currency (Boston, 1740), is ascribed to Hutchinson.
In America, this undoubtedly was a paper currency, even though issued as real, and not representative, money.
Not content with presenting his views on the subject to the Junto, he wrote an anonymous pamphlet on it entitled The Nature and Necessity of a Paper Currency.
The wealthy inhabitants, prejudiced against every sort of paper currency, from the fear of its depreciation, of which there had been an instance in the province of New England, to the injury of its holders, strongly opposed the measure.
Our debates made me so fully master of the subject, that I wrote and published an anonymous pamphlet, entitled, "An Enquiry into the Nature and Necessity of a Paper currency.
The above list will hopefully provide you with a few useful examples demonstrating the appropriate usage of "paper currency" in a variety of sentences. We hope that you will now be able to make sentences using this group of words.
