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Documents Printed by Order of the Legislature of the State of Maine During Its Session, 1835-1849 Volume 2

Documents Printed by Order of the Legislature of the State of Maine During Its Session, 1835-1849 Volume 2


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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1839 Excerpt: ...and wants, and thus secures to all, an equality in the market, and maintains individual credit on a par with bank paper or specie. While in New-England, men are every where distrusted and undervalued, --individual credit of the best men is placed below par when put in contrast with currency or bank credits. Under the specious pretence of " con6ning the circulation within just and proper limits, and to keep the value of the currency to a uniform standard," a system of rapacity and extortion has been countenanced, to a degree, totally subversive of individual rights and security for property, and disgraceful to civilized society. I- old England the people individually are free from debt for small sums; for there, no note is given, check drawn, or account made, for a less sum than five pounds, or $24,25; while in New England, indebtedness, for the smallest sums, and in every variety of form, presses upon all classes with the iron hand of despotism, and from which there is no hope of escape but in the overturning of the - Suffolk System." The difference which we have shown to exist between the condition of the people of Old England and New England, in respect to currency, is the result of a wise combination of sound principles of political economy, with sound principles of government, judiciously administered to promote the interests of commerce and advance the arts of civilized life, in the former; while in the latter, an adherence to the " Suffolk System," has violated every sound principle, whether of economy or government, and has retarded commerce and the arts. We may not have gone back, it is true, but then we have not gone ahead--the energies of the people have been repeatedly paralyzed, clogged, fettered, and tied down ...


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Product Details
  • ISBN-13: 9781130762679
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 82
  • Spine Width: 4 mm
  • Width: 189 mm
  • ISBN-10: 113076267X
  • Publisher Date: 01 Mar 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 163 gr

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Documents Printed by Order of the Legislature of the State of Maine During Its Session, 1835-1849 Volume 2
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