Bank of Venice and fiat money debate revival in Congress
The article discusses Congress debate on legal tender notes and fiat money theories. It cites Venetian bank notes and the premium on bank credits, contrasting coinage with irredeemable paper, and notes European monetary practices while examining risks of unrestricted currency issuance. It also mentions naval expansion by England and Italy, and various proverb lines.
MENTIONED IN THIS ARTICLE
Bank of Venice
Gréeiback
Gilderoy
Fol Wong
Bank of Vouig
Chicago Tribune
Bank of Vertice
Hugbank
Europe
Venice
Bank 4
Opposed to an Irreducible Currency Quotes from Eminent Men
A fragmentary 1882 clipping presents opinions from Daniel Webster Salmon P. Chase Lord Macaulay and others on currency policy. It argues for a return to specie payments, defend convertibility into coin, and warns against depreciated paper money as harming labor and leading to financial instability. The text references reforms and constitutional anchors, noting the enduring tension between monetary value and political economy.
MENTIONED IN THIS ARTICLE
Jon Stuart Milt
Bes’ Nevin
Lincoln
Azminal Mes
Salmon P. Chase
Mer
Englene
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Asia
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Fred M. Mayburn
En Proupset Av
Milwaukee
Wis
America
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Prustel
Alan A To. W. Richards
Mora J. Richards
Recorders
Stevenson County
State of
Illinois
Frederick Bartlett
William Walton
James L. Neff
William C. Wright
William H Mitchell
Miner Michael
D. Cochran
Anid
Gald
Ot Stephenson
Forthwest
Joseph M. Baiuhy
John Reber
Polly
Recorder of Deeds
Stephenson County
Ilinois
Hee
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Freeport
Tilirols
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O. Taylor
Babson
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Itfa al- 50
Fairchild
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Caupripox, IL
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Holman
C. N. Canter
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Ive
Jane
Bates & Muley
J. Wuenen
Teania
Madison St
Chicago
Mechanics Block
Detroit
Mich
Hall
Toledo
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Northern Illinois College
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Board OF
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Canal
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State St
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Wilted
Ieee
Erie Railway Company
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Nile Company
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Menett
Anid Despate
Rae
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Ant
Batanta
German- Americas National Bank
Washington, D. C
Suaedieh
Norewegian
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