[miscellaneous Letters, Speeches, Etc
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Mr. Pullan. It is not the safest that can be procured, but it is equally as safe as the safest, so far as individuals are concerned.
Mr. Hardenbergh. Is it not better to have such a currency as will be flexible and sufficient to meet the demands of trade, either by contrac- tion or extension, than to have a currency issued at the hands of Con- gress 1 Is it not better to relegate the whole matter of circulation to the States rather than to the government 1 ?
Mr. Pullan. No, sir. I will here say..., inasmuch as the question has been asked, that it is a very desirable thing; and if it is an absolute neces- sity to have a flexible currency for trade, I say that the government can have an entirely flexible currency of government notes and have those notes equal to coin under any circumstances whatever, and that, too, while entirely beyond the control of any officer of the government to increase or diminish their volume. And such a currency would be so beneficent in its operation that it would never invite legislation on the part of Congress, and the people would never countenance or permit such interference.
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To quickly assess the difficulty of the text, read a short excerpt:
Mr. Pullan. It is not the safest that can be procured, but it is equally as safe as the safest, so far as individuals are concerned.
Mr. Hardenbergh. Is it not better to have such a currency as will be flexible and sufficient to meet the demands of trade, either by contrac- tion or extension, than to have a currency issued at the hands of Con- gress 1 Is it not better to relegate the whole matter of circulation to the States rather than to the government 1 ?
Mr. Pullan. No, sir. I will here say..., inasmuch as the question has been asked, that it is a very desirable thing; and if it is an absolute neces- sity to have a flexible currency for trade, I say that the government can have an entirely flexible currency of government notes and have those notes equal to coin under any circumstances whatever, and that, too, while entirely beyond the control of any officer of the government to increase or diminish their volume. And such a currency would be so beneficent in its operation that it would never invite legislation on the part of Congress, and the people would never countenance or permit such interference.
What to read after [miscellaneous Letters, Speeches, Etc?
You can find similar books in the "Read Also" column, or choose other free books by Thomas Ewing to read onlineMoreLess
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