 This currency, as we manage it, is a wonderful machine. It performs its office when we issue it ; it pays and clothes troops, and provides victuals and ammunition, and when we are obliged to issue a quantity excessive, it pays itself off by depreciation.  The Works of Benjamin Franklin - Page 325by Jared Sparks - 1844Full view - About this book
 | Benjamin Franklin - 1817 - 524 pages
...iinouey, and how we could pay with paper that had no -previously fixed fund appropriated specifically to redeem it. This currency as we manage it is a wonderful , machine. ,,,Jt performs its office when we issue it ; it pays and clothes troops-, and provides victuals and... | |
 | Benjamin Franklin - 1818 - 542 pages
...money, and how we could pay with paper that had no previously fixed fund appropriated specifically to redeem it. This currency, as we manage it, is a...pays and clothes troops, and provides victuals and ammuintion ; and, when we are obliged to issue a quantity excessive, it pays iteelf off by -depreciation.... | |
 | Benjamin Franklin - 1834 - 682 pages
...money, and how we could pay with paper, that had no previously fixed fund appropriated specifically to redeem it This currency as we manage it, is a wonderful...when we are obliged to issue a quantity excessive, t pays itself off by depreciation. " Our affairs in general stand in a fair licht throughout Europe.... | |
 | Benjamin Franklin - 1859 - 680 pages
...money, and how we could pay with paper, that had no previously fixed fund appropriated specifically to redeem it. This currency as we manage it, -is a...its office when we issue it ; it pays and clothes troopp, and provides victuals ща ammunition ; and when we are obliged to issue a quantity excessive,... | |
 | United States. Supreme Court - 1909 - 746 pages
...without money, and how we could pay with paper, that had no previously fixed fund appropriated specially to redeem it. This currency, as we manage it, is a...when we issue it; it pays and clothes troops, and proOpinion of Bradley, J., concurring. vides victuals and ammunition."* In a subsequent letter, of... | |
 | United States. Supreme Court - 1872 - 192 pages
...without money, and how we could pay with paper, that had no previously fixed fund appropriated specially to redeem it. This currency, as we manage it, is a...troops, and provides victuals and ammunition."— (Franklin's Works, vol. 8, p. 329.) In a subsequent letter, of 9th October, 1780, he says : "They [the... | |
 | United States. Supreme Court - 1884 - 966 pages
...without money, and low we could pay with paper, that had no previously fixed fund appropriated specially to redeem it. This currency, as we manage it, is a...clothes troops, and provides victuals and ammunition." Franklin's Works, Vol. 8, p. 329. In a subsequent letter, of 9th October, 1780, he says: "They (the... | |
 | William Graham Sumner - 1890 - 312 pages
...money, and how we could pay with paper that had no previously fixed fund appropriated specifically to redeem it. This currency, as we manage it, is a...quantity excessive, it pays itself off by depreciation." 8 He ought to have added, " and leaves us utterly helpless when the process is ended." Such was the... | |
 | William Graham Sumner - 1892 - 338 pages
...how we could pay with paper that had no previously fixed fund [ie revenue] appropriated specifically to redeem it. This currency, as we manage it, is a...quantity excessive, it pays itself off by depreciation." He asserted that the depreciation acted as a tax according to the time that each man kept the money... | |
 | Frank Parsons - 1898 - 208 pages
...without money, and how we could pay with paper that had no previously fixed fund appropriated specially to redeem it. This currency, as we manage it, is a...clothes troops, and provides victuals and ammunition.' (Franklin's Works, Vol. 8, p. 329). In a subsequent letter of 9th October, 1780, he says: 'They (the... | |
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