Observations on the Financial Position and Credit of Such of the States of the North American Union as Have Contracted Public Debts ...
Longman, Orme, Brown, Green, and Longmans, 1839 - 455 pagine
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Observations on the Financial Position and Credit of Such of the States of ...
Visualizzazione completa - 1839
1st of January afford Alabama Alleghany mountains amount auction duties authorised Baltimore bank of Kentucky Bank of Louisiana bear interest bonds issued branch bank branches canal fund cent Champlain canal chap charter Chenango canal commenced commissioners condition considerable constitution cost cotton creditors defray deposits discounted ditto dividends engagements Erie canal established estimated expenditure expenses exports extend Illinois important increase Indian institutions internal improvement Lake Lake Erie lands legislature liabilities loans Maryland ment Miami canal miles millions of dollars Mississippi navigation northern Ohio canal Orleans paid payable Pennsylvania Planters pledged population portion principal produce profits railroad company raised receipts received redeemable revenue river road sinking fund South Carolina southern specie payments state's subscription surplus suspension of specie Tennessee tolls town treasury Union Bank United Virginia western whole York
Pagina 68 - And can the liberties of a nation be thought secure when we have removed their only firm basis, — a conviction in the minds of the people that these liberties are the gift of God ? — that they are not to be violated but with his wrath ? Indeed, I tremble for my country when I reflect that God is just; that his justice cannot sleep forever...
Pagina 366 - The power to make any thing but gold and silver a tender in payment of debts, is withdrawn from the states, on the same principle with that of issuing a paper currency.
Pagina 25 - Corruption of morals in the mass of cultivators is a phenomenon of which no age nor nation has furnished an example. It is the mark set on those who, not looking up to heaven, to their own soil and industry, as does the husbandman, for their subsistence, depend for it on the casualties and caprice of customers. Dependence begets subservience and venality, suffocates the germ of virtue, and prepares fit tools for the designs of ambition.
Pagina 52 - Nothing in the history of mankind is like their progress. For my part, I never cast an eye on their flourishing commerce, and their cultivated and commodious life, but they seem to me rather ancient nations grown to perfection through a long series of fortunate events, and a train of successful industry, accumulating wealth in many centuries, than the colonies of yesterday...
Pagina 12 - Waiving the question of the constitutional authority of the Legislature to establish an incorporated bank as being precluded in my judgment by repeated recognitions under varied circumstances of the validity of such an institution in acts of the legislative, executive, and judicial branches of the Government, accompanied by indications, in different modes, of a concurrence of the general will of the nation...
Pagina 25 - It cannot be doubted, that the more complete our internal resources, and the less dependent we are on foreign powers, for every national, as well as domestic purpose, the greater and more stable will be the public felicity. By the increase of domestic manufactures will the demand for the rude materials at home be increased, and thus will the dependence of the several parts of our Union on each other, and the strength of the Union itself, be proportionably augmented.
Pagina 365 - State shall make any thing but gold or silver coin a tender in payment of debts, or pass a law impairing the obligation of contracts. If congress shall not have passed a law providing for the removal of such a suit to the courts of the United States, must not the state court proceed to hear and determine it?
Pagina 68 - The parent storms, the child looks on, catches the lineaments of wrath, puts on the same airs in the circle of smaller slaves, gives a loose to the worst of passions, and thus nursed, educated, and daily exercised in tyranny, cannot but be stamped by it with odious peculiarities. The man must be a prodigy who can retain his manners and morals undepraved by such circumstances.
Pagina 100 - Its capital is government debts ; the amount of its issues will depend on government necessities ; government, in effect, absolves itself from its own debts to the bank, and by way of compensation absolves the bank from its own contracts with others. This is, indeed, a wonderful scheme of finance. The government is to grow rich, because it is to borrow, without the obligation of repaying, and is to borrow of a bank which issues paper without liability to redeem it.