FINANCIAL ADMINISTRATION

다국어 초록 (Multilingual Abstract)

I DO not purpose, on this occasion, to dwell upon the infinite evils and disgrace of irredeemable paper money; nor to add one to, or enforce any one of the numerous expedients which, a priori, are to lead us gently back to specie payments. All of these, so far as they are worthy of a moment's attention, involve contraction, their variety consisting in the method of performing that operation without pain. I have no faith in the efficacy of any such anaesthetics. The first issue of Government legal tender notes came upon a country more in need of, and more fitted to render available a national paper money than any in the history of the world.