Quotes About Specie

Every one, even the richest and most munificent of men, pays much by cheque more light-heartedly than he pays little in specie.

since Roman times, Europe had been exporting gold and silver to the East: the problem was that Europe had never produced much of anything that Asians wanted to buy, so it was forced to pay in specie for silks, spices, steel, and other imports.

Possession is not only when the devil plays hide and seek in your brain or poison your medula oblongata with negativity, but it is also when you are under the influence of the same specie as you!

Originally, Congress provided in 1793 that all foreign coins circulating in the United States be legal tender. Indeed, foreign coins have been estimated to form 80 percent of American domestic specie circulation in 1800.

The expansionary operations of the Second Bank of the United States, coupled with its laxity toward insisting on specie payment by the state banks, impelled a further inflationary expansion of state banks on top of the spectacular enlargement of the central bank. Thus, the number of incorporated state banks rose from 232 in 1816 to 338 in 1818.

In Clay's time the federal government issued only metal money: gold and silver coins, called specie. Paper currency was the responsibility of banks, which promised to redeem their notes in specie.

se comprenderá entonces cómo la diferencia de hombre a hombre debe ser menor en el estado de naturaleza que en el de sociedad, y cómo la desigualdad natural debe aumentar en la especie humana por la desigualdad de educación.

Every one, even the richest and most munificent of men, pays much by cheque more light-heartedly than he pays little in specie.

While everyone else must pay their debts or go bankrupt, the banks are permitted to refuse redemption of their receipts, at the same time forcing their own debtors to pay when their loans fall due. The usual name for this is a "suspension of specie payments." A more accurate name would be "license for theft;" for what else can we call a governmental permission to continue in business without fulfilling one's contract?