National Finance And Public Money Settling the Money Question Government Owner

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National Finance And Public Money Settling the Money Question Government Owner
J M John Meirs Horner
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He would have seen that it would be as impossible for a combination of Stewarts, Vanderbilts, Astors and Rothschilds to force such a bank into a bankrupt court, as it would be for them to suspend the law of gravitation. It would be utterly impossible to break such a bank. Nothing but the power that created it could dis- solve it. It would be co-existent with the Government that created it. The causes which break other banks would have a contrary effect upon this, for the more money legally draw...n from this bank the richer it would become. The Professor would see in it every advantage he claims should attach to a national currency. He claims "one single form of issue is in the highest degree expedient. " He also claims ''the profits belong to the nation. " With this banking theory in operation, the nation would then receive it, but it would not receive it under any private banking system known.
Notwithstanding the Professor acknowledges the right and responsibility of the Government to issue currency and to re- ceive the profits thereof.


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