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.

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.

Modern money is almost altogether credit money.

Large sums were paid for the use of money, because the available amount of gold and silver was far less than was needed to carry on the commercial transactions of the times.

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.

At present, financial crises occur, chiefly because the paper currency is redeemable in gold only.

But egoism is more than this. It is the realization by the individual that he is above all institutions and all formulas; that they exist only so far as he chooses to make them his own by accepting them.

Paper currency has hitherto been regarded with suspicion, as insecure.

Not an old woman that buys a paper of pins, without yielding a part of the price to the banks as interest!

There is never enough gold to redeem all the currency in circulation.