Why say that no man shall be obliged to take, in discharge of a debt, paper money issued by the authority of a State, and yet say that by the same authority the debt may be discharged without any payment whatever?
Whoever attempts, under whatever popular cry, to shake the stability of the public currency, bring on distress in money matters, and drive the country into the use of paper money, stabs your interest and your happiness to the heart.
While struggling amidst those hardships, the merchants of London complained to the Proprietors of the increase of paper money, as injurious to trade; in consequence of which they strictly ordered their Governor to reduce it.
The Indian war had occasioned a scarcity of provisions; by the large emissions of paper money it sunk in value, and the price of produce arose to an exorbitant height.
Both rice and naval stores, however high, by doubling the quantity of paper money, though the commodities remain the same as formerly, become still much higher.
As the value of every commodity is what it will bring at market, so the value of paper money is according to the quantity of commodities it will purchase.
His theory is that Gresham's Law manifests itself only when there is a redundancy of the currency due to the issue of paper money, or overvalued metal.
A third form of paper money is the so-called Sherman treasury notes issued in pursuance of the act of 1890 already described.
Paper money is issued only by the Government and is covered by gold, silver largely, and securities to some extent.
There was a general search for some short road to prosperity: ere long the idea was set afloat that the great want of the country was more of the circulating medium; and this was speedily followed by calls for an issue of paper money.
Now if this were true it would be better to have a paper money in all countries.
This Ricardo says that the country is happy in the discovery of a paper money, that it is an improvement in political science.
All nations in the midst of great wars have been compelled to resort to paper money.
No person could issue his bills in the form of paper money without a corporate franchise granted him and his associates, either by a general banking law, or by an act of incorporation.
Although the origin of paper money seems to be well established, it is interesting to note that already in the third century A.
A fourth important innovation, this time in North China, was the introduction of prototypes of paper money.
The Ming, however, reverted to copper as basic unit, in addition to the use of paper money.
The issuing of paper money was in direct conflict with the Governor's instructions.
The issuing of large amounts of paper money could be most injurious to trade by putting it upon an uncertain basis, they said.
The controversy over the Two-penny Act came at a time when the Board of Trade was at odds with the Virginia Assembly over the repeated issues of paper money.
He must guard zealously the prerogative of the Crown, he must permit no riders to acts of Assembly, he must accept no gifts from the Assembly, he must not permit the issuing of paper money.
Dinwiddie was opposed to paper money, but the Burgesses, knowing that they had the whip hand, would not yield.
You have, of course, heard of the excessive depreciation of paper money.
Continuing his account of the disorderly consequences of the depreciation of paper money, he said, "I have just extricated the Marquis de Lafayette from a serious mistake into which he had fallen unsuspectingly.
The issue of paper money as a means of making a forced loan from the people, when there seem to be no other means of getting funds, has been fully illustrated in our country by the Continental currency issued during our Revolution.
The value of paper money is, of course, primarily and mainly dependent on the quantity issued.
In 1742 Turgot, when scarcely twenty, appeared as a sound writer on Paper Money in letters to Abbé Cicé.
The colonists firmly believed in the enriching powers of paper money, which in New England was issued in particularly large quantities by Rhode Island.
In the eighteenth century, therefore, most of the southern and middle colonies fell under the fascinating influence of paper money; New York and Virginia being the only two to escape this economic evil.
It was the spirit of speculation, fostered by the inflation of paper money by irresponsible banks when the great balance-wheel was stopped, which was the direct cause.
The substitution of "pet banks" for government deposits led to a great inflation of paper money, followed by a general mania for speculation.
What is more marked in our history than the extravagance and speculation attending the expansion of paper money irredeemable in gold and silver?
The above list will hopefully provide you with a few useful examples demonstrating the appropriate usage of "paper money" in a variety of sentences. We hope that you will now be able to make sentences using this group of words.
