Proceedings and Debates of the Convention of the Commonwealth of Pennsylvania: To Propose Amendments to the Constitution, Commenced ... at Harrisburg, on the Second Day of May, 1837, Τόμος 6
Packer, Barrett, and Parke, 1838
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adopted amendment amount argument banking system banks believe bill body brought called capital carry cause cent charge charter circulation citizens committee commonwealth consequence consideration constitution convention corporations course currency delegate desire dollars duty effect evil existence fact favor feeling five gentleman from Susquehanna give gold hands hope hundred important improvement increase individual institutions interests introduced issues labor leave legislative legislature less look matter means measure millions motion necessary never notes object offered operation opinion party passed Pennsylvania persons Philadelphia political present President produce proper proposed proposition provision question Read reason receive reference regard relation resolution restrictions result specie payments suppose suspension taken thing tion true United vote whole wish York
Σελίδα 119 - ... at the greatest elevation, may command the whole property and industry of the community, and control its fiscal operations. The banking system concentrates and places this power in the hands of those who control it, and its force increases just in proportion as it dispenses with a metallic basis.
Σελίδα 190 - Banks properly established and conducted are highly useful to the business of the country, and will doubtless continue to exist in the States so long as they conform to their laws and are found to be safe and beneficial. How they should be created, what privileges they should...
Σελίδα 85 - Out of thine own mouth will I judge thee, thou wicked servant. Thou knewest that I was an austere man, taking up that I laid not down, and reaping that I did not sow : 23 Wherefore then gavest not thou my money into the bank, that at my coming, I might have required mine own -with usury?
Σελίδα 190 - ... laws and are found to be safe and beneficial. How they should be created, what privileges they should enjoy, under what responsibilities they should act, and to what restrictions they should be subject are questions which, as I observed on a previous occasion, belong to the States to decide. Upon their rights or the exercise of them the General Government can have no motive to encroach.
Σελίδα 59 - The circulation of every country may be considered as divided into two different branches ; the circulation of the dealers with one another, and the circulation between the dealers and the consumers.
Σελίδα 119 - The currency of a country is to the community what the blood is to the human system. It constitutes a small part, but it circulates through every portion, and is indispensable to all the functions of life. The currency bears even a smaller proportion to the aggregate capital of the community than what the blood does to the solids in the human system.
Σελίδα 119 - ... our free republican institutions, to the industry and business of the country, and, above all, to our moral and intellectual development, the great object for which we were placed here by the Author of our being. Can it be doubted what must be the effects of a system whose operations have been shown to be so unequal on free institutions, whose foundation rests on an equality of rights 1 Can that favor equality which gives to one portion of the citizens and the country such decided advantages...
Σελίδα 59 - The commerce and industry of the country, however, it must be acknowledged, though they may be somewhat augmented, cannot be altogether so secure, when they are thus, as it were, suspended upon the Daedalian wings of paper money, as when they travel about upon the solid ground of gold and silver.
Σελίδα 241 - Banks properly established and conducted, are highly useful to the business of the country, and doubtless will continue to exist in the states so long as they conform to their laws, and are found to be safe and beneficial. How they should be created, what privileges they should enjoy, under what responsibilities they should act, and to what restrictions they should be subject, are questions which, as I observed on a previous occasion, belong to the states to decide.
Σελίδα 119 - ... the blood does to the solids in the human system. What that proportion is, has not been, and perhaps cannot be, accurately ascertained, as it is probably subject to considerable variations. It is, however, probably between twenty-five and thirty-five to one. I will -assume it to be thirty to one. With this assumption, let us suppose a community whose aggregate capital is $31,000,000 ; its currency w,ould be, by supposition, one million, and the residue of its capital thirty millions. This being...