On the record
It had only increased the dangers of inflation by the stimulus it imparted and the protection it afforded to the circulation of State bank notes.
Source
gutenberg.orgJames Blaine: “It had only increased the dangers of inflation by the stimulus it imparted and the protection it afforded to the…”
Editor's note · Context
Blaine highlights the inflationary risks associated with the Legal-tender Bill.
Share
More from James Blaine
If it be true that war cannot be declared, nor a system of general hostilities carried on by the Central Government against a State, then it seems to follow that an attempt to do so would be ipso facto an expulsion of such State from the…
If this view of the subject be correct, as I think it is, then the Union must utterly perish at the moment when Congress shall arm one part of the people against another for any purpose beyond that of merely protecting the General…
But what if the feeling in any State against the United States should become so universal that the Federal officers themselves (including judges, district attorneys, and marshals) would be reached by the same influences, and resign their…
The States are colleagues of one another, and if some of them shall conquer the rest, and hold them as subjugated provinces, it would totally destroy the whole theory upon which they are now connected.
Other voices in this conversation
