But, gradually, the country recognised that the prosperity of a nation is not increased in proportion to the quantity of paper money issued, unless such currency be maintained at its full value, convertible, at pleasure, into hard cash--the money standard of the world.
This quote articulates a crucial economic principle regarding the relationship between currency and national prosperity.
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Referring to the fraudulent practices, he said: "No one claims, no one believes, that I had lot or part therein, or previous hint or suspicion thereof.
In accepting the Democratic nomination Cleveland had the great advantage of not being obliged to refer to anything of which he was ashamed.
He writes of the Filipinos as he found them, and with the knack of the true investigator, has avoided falling in with the political views of any party or faction.
A keen, exhaustive and merciless criticism of the whole Philippine experiment....
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