A Letter On Currency Matters to the People of the United States

Cover A Letter On Currency Matters to the People of the United States
A Letter On Currency Matters to the People of the United States
J R John Ramsay Mcculloch
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And when will the wheels and hands- of a watch, wound up, go faster than when you twitch out the balance wheel 1 But look at it when it has " run off its mortal coil, " has it lost no cogs from its wheels ? Are all its springs sound its pivots unaltered ? And because the clumsy hand that set it spinning round at a merry pace to destruction cannot restore and adjust its balance and for- mer accuracy, is he to be allowed to escape public disap- probation under the assertion, "that the machine is ...not trust- worthy ?" 2d. As to the influence of paper money, or what may be called a credit currency, upon trade and intercourse with other nations, showing the probable effect of abandoning the system as a retaliatory measitre, and the natural condi- tion of a "hard currency people, dealing with a paper cur- rency people. " It will be admitted, no doubt, that what is found to be the best mode of cultivating a hill of potatoes, will be found the safest mode to apply to a thousand hills or field of potatoes.

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