Saturday, November 23, 2024 Text is available under the CC BY-SA 3.0 licence.

Anonymous

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In God we trust. The rest must pay cash. (US Depression saying.)

 
Anonymous

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To the existence of banks of discount for cash... there can be no objection, because there can be no danger of abuse, and they are a convenience both to merchants and individuals. I think they should even be encouraged, by allowing them a larger than legal interest on short discounts, and tapering thence, in proportion as the term of discount is lengthened, down to legal interest on those of a year or more. Even banks of deposit, where cash should be lodged, and a paper acknowledgment taken out as its representative, entitled to a return of the cash on demand, would be convenient for remittances, travelling persons, etc. But, liable as its cash would be to be pilfered and robbed, and its paper to be fraudulently re-issued, or issued without deposit, it would require skilful and strict regulation.

 
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By virtue of depression, we recall those misdeeds we buried in the depths of our memory. Depression exhumes our shames.

 
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