Quotations from U. S. MINT* & COINAGE ACTS by Charles. Weisman
In re to PUBLIC STATUTES & "Biblical Money"!
* Copyright 1987, revised 1991 ISBN 1-929205-01-5
Quoting Daniel Webster from the Congressional Record:
"Of all the contrivances for cheating the working classes of mankind, none has been found more effectual than that which deludes them with paper money."
Cite Richard Henry Lee writ. to George Mason 15 May/1787: “Knaves assure, & fools agree, that calling paper ’money’ & making it ’tender’ is the way to be rich & happy; thus the national mind is kept in continual disturbance by the intrigues of wicked men for fraudulent purposes, for speculating designs.” Note: Lee named on 2 Apr, 1792 Mintage Act re U. S. Money of *Account.
Quoting Geo. Washington from a letter to a citizen of Rhode Island in 1787:
"Paper money has had the effect that it ever will have, to ruin commerce, OPPRESS the HONEST, and open a door to every species of FRAUD and injustice."
Cite William Paterson in 1786: “An increase of paper money if it be a tender, will destroy what little credit is left; will bewilder conscience in the maze of dishonest speculations,…will turn vice into legal virtue; & will sanctify iniquity by law.”
Cite James Madison in #44 of the FEDERALIST PAPERS: "...The extension of the prohibition to Bills of Credit [paper money] must give pleasure to every citizen in proportion to his love of justice and his knowledge of the true springs of public prosperity."
Cite Thom. Jefferson: [1816] "I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a money aristocracy that has set the government at defiance. The issuing power [of money] should be taken from the banks, and restored to the people to whom it belongs..."
Citing from FAREWELL ADDRESS by Pres. Andrew Jackson [4 March, 1837] in part,
"The Constitution of the United States unquestionably intended to secure to the people a circulating medium of gold and silver... The paper system being founded on public confidence and having of itself no intrinsic value, it is liable to great and sudden fluxuations, thereby rendering property insecure and the wages of labor unsteady and uncertain...
Some of the evils which arise from this system of paper press with peculiar hardship upon the class of society least able to bear it...The paper-money system may be used as an engine to undermine your free institutions, and those who desire to engross all power in the hands of the few and to govern by corruption or force are aware of its power and prepared to employ it...The mischief springs from the moneyed interest derives from a paper currency which they are able to control...
The distress and sufferings inflicted on the people by the bank are some of the fruits of that system of policy which is continually striving to enlarge the authority of the Federal Government...You have already had abundant evidence of the banking institution's power to inflict injury upon the agricultural, mechanical, and laboring classes of society..."
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