Before the end of October, 1839, I had an opportunity of selling out my stock of goods to a couple of English merchants, which relieved me from the delays, to say nothing of the inconveniences attending a retail trade: such, for instance, as the accumulation of copper coin, which forms almost the exclusive currency in petty dealings. Some thousands of dollars' worth are frequently accumulated upon the hands of the merchant in this way, and as the copper of one department is worthless in another, except for its intrinsic value, which is seldom more than ten percent of the nominal value, the holders are subjected to a great deal of trouble and annoyance.
Josiah GreggRelated topics
almost coin couple currency deal department end english goods great instance intrinsic merchant nominal nothing october opportunity selling ten trade trouble value way worth dealings handsRelated quotes
Do everything simply and meekly. Do nothing with an ulterior motive. Don't say, I'll do this in order to have that result, but do it naturally, without taking cognizance of it. That is, pray simply and don't think about what God will bestow on your soul. Don't make any calculations. You know, of course, what God bestows when you enter into communion with Him, but it is as if you don't know. Don't discuss the matter even with yourself. So when you repeat the prayer, "Lord Jesus Christ, have mercy on me”, say it simply and ingenuously and think of nothing other than the prayer. These are very delicate matters and the intervention of the grace of God is required.
Porphyrios of Kafsokalyvia
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.
Alan Greenspan
Corporations are properly associated with mercantilism, rather than capitalism. Mercantilism is a system under which government grants special status to one or more company at the expense of its competitors. The British East India Company, for example, possessed an exclusive, royally-granted 'right' to conduct trade between India and China, on the one hand, and the British Empire for more than 250 years.
Private capitalism, by contrast, is a system under which various enterprises compete in the marketplace by offering the highest quality goods and services they can, at the lowest possible prices. Progress occurs as individuals and companies strive to raise quality and lower prices.
L. Neil Smith
Trade has passed out of the hands of British merchants, and into the hands of the Greeks, Swiss, or Germans, all belonging to countries that have no navy to protect them at all. This is the fact; and what is the inference? It may be that English merchants are not educated sufficiently in foreign languages. But it may be also that Englishmen carry with them their haughty and inflexible demeanour into their intercourse with the natives of other countries. The noble Lord [Palmerston] inscribes "Civis Romanus sum" on our passports, which may be a very good thing to guard us in our footsteps. But "Civis Romanus sum" is not a very attractive motto to put over the door of our counting-houses abroad.
Richard Cobden
I. The Jews, as a class, violating every regulation of trade established by the Treasury Department, and also Department orders, are hereby expelled from the Department.
II. Within twenty-four hours from the receipt of this order by Post Commanders, they will see that all of this class of people are furnished with passes and required to leave, and any one returning after such notification, will be arrested and held in confinement until an opportunity occurs of sending them out as prisoners unless furnished with permits from these Head Quarters.
III. No permits will be given these people to visit Head Quarters for the purpose of making personal application for trade permits.
Ulysses S. Grant