The Jeffersonian cyclopedia; a comprehensive collection of the views of Thomas Jefferson classified and arranged in alphabetical order under nine thousand titles relating to government, politics, law, education, political economy, finance, science, art, literature, religious freedom, morals, etc.; |
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6349. PAPER MONEY, Contraction.—[further continued]. |
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6349. PAPER MONEY, Contraction.—[further continued].
That in the present state
of the circulation the banks should resume payments
in specie, would require their vaults
to be like the widow's cruse. The thing to
be aimed at is, that the excesses of their
emissions should be withdrawn gradually,
but as speedily, too, as is practicable, without
so much alarm as to bring on the crisis
dreaded.—
To Charles Yancey. Washington ed. vi, 516.
Ford ed., x, 3.
(M.
Jan. 1816)
| The Jeffersonian cyclopedia; | |