Phrase by 'John Buchanan Robinson'
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At present, financial crises occur, chiefly because the paper currency is redeemable in gold only.
Author: John Buchanan Robinson - American PoliticianOnly , Gold , Financial , Present
There is never enough gold to redeem all the currency in circulation.
Author: John Buchanan Robinson - American PoliticianNever , Gold , Enough , Currency
Accordingly, when the supply of gold runs short, the security behind the notes is diminished, the loaning of notes is restricted or suspended, and the panic follows.
Author: John Buchanan Robinson - American PoliticianShort , Gold , Security , Behind
Paper currency has hitherto been regarded with suspicion, as insecure.
Author: John Buchanan Robinson - American PoliticianBeen , Paper , Suspicion , Currency
When not only gold but all commodities are available for the redemption of the paper currency, its volume is limited only by the value of all the wealth of the country, and it can never become insecure up to this limit.
Author: John Buchanan Robinson - American PoliticianNever , Value , Gold , Country
It was the king's army, the king's people, the king's taxes; and he who questioned the propriety of the royal prerogative of taking from his people without return or accounting, was reckoned, and felt himself to be, a criminal, guilty of the highest crime of disloyalty.
Author: John Buchanan Robinson - American PoliticianPeople , Army , King , Royal
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