Paper when substituted for specie constitutes a standard of value by which the operations of society are regulated, and whatsoever causes its depreciation affects society to an extent nearly, if not quite, equal to the adulteration of the coin.
Tyler warns that the depreciation of paper currency can have societal impacts similar to coin adulteration.
Share
More from John Tyler
I communicate to you an extract of a dispatch from Mr. Hall to the Secretary of State, which has been received by me since my message of the 3d instant, containing the pleasing intelligence that the indemnity assumed to be paid by the…
Under every view which I have been able to take of the subject, I think that the interests of our common constituents the people of all the States, and a love of the Union, left the Executive no other alternative than to negotiate the…
The negotiation failed, however, in this particular, out of no disinclination to abide by the terms of the treaty on the part of the Zollverein, but from a belief that it would not fully comport with its dignity to do so.
I also with equal strength resist the idea that it falls within the Executive competency to decide in controversies of the nature of that which existed in Rhode Island on which side is the majority of the people or as to the extent of the…
Other voices in this conversation
