Quotes About Finance

During one ghastly period in 1779, the continental dollar shed half its value in three weeks.

In its thirty-year existence, the GEB dispensed $130 million, equal to more than $1 billion today.

At the start of 1799, both of the banks in New York City happened to be the brainchildren of Alexander Hamilton: the Bank of New York and the local branch of the Bank of the United States.

No longer at the mercy of unpredictable economic forces, he thrived even in recessions.

What really disturbed him was not so much making money but spending it.

My change is five cents short," Rockefeller declared.

Following his father's example, he recorded every expense in his little book

Rockefeller had positioned himself exactly where he wished to be—poised to profit from either surplus or scarcity and all but immune to the vagaries of the marketplace.

Harper made an appeal for more money, despite the previous year's shortfall.

He endorsed the dollar as the basic currency, divided into smaller coins on a decimal basis. Because many Americans still bartered, Hamilton wanted to encourage the use of coins. As part of his campaign to foster a market economy, Hamilton suggested introducing a wide variety of coins, including gold and silver dollars, a ten-cent silver piece, and copper coins of a cent or half cent.

it was a more auspicious time for an American banker than it had been when Peabody

But you must keep this contract secret even from your wife. When you begin to make more money, don't let anybody know it. Don't put on any more style.

so the bank had a heavy stake in the status quo.

Politely firing the man, he took charge of financial matters and pored over stacks of incomprehensible bills.

I can see him now, going over the long French bills, studying each item, many of them being unintelligible to him.

Undeterred by these extreme gyrations, both Rockefeller and Andrews wanted to borrow heavily and expand, while Clark favored a more circumspect approach.

On May 19, Representative Elias Boudinot of New Jersey, Hamilton's old patron from Elizabethtown, proposed that Congress establish a department of finance.

Then it dropped 400 points on a single trade.

he had positively no gift, except that of making money.

Had the action not been taken, more than half the brokerage houses on Wall Street might have gone belly-up.

he "taught men how to use money and how not to be its slave.

It came about not because bankers were strong but because companies were still weak.

Not for the last time, Pierpont contemplated retirement.

the power balance has tilted dramatically away from the bankers.