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Paper Money

Paper Money image
Parent Issue
Day
26
Month
December
Year
1842
Copyright
Public Domain
OCR Text

General Washington saya,in regard to paper money: "The wisdom of man, in my humble opinión, cannot devise a plan by wbich ihe credit of papor issues would be long supportcd. consequent!)' depicciation keeps pace with tbe qunrility of the emission, ariicles for whicb it is'éxchanged rise in a greater ratio thcn the sinkiiiif value of money; vvherein, then, js the armer, the planter, or the artizan benefitted ? Great is the door it immedintely opens for sprculntion, by which the least design iuL, and perhaps the niost vahmble part of the communiiy are pnycd vpon by the more knowing and CFafty sueculator."

Article

Subjects
Signal of Liberty
Old News