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The Evolution of Money (Paperback) Loot Price: R348 Discovery Miles 3 480
The Evolution of Money (Paperback): Percy Kinnaird
The Evolution of Money (Paperback): Percy Kinnaird

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The Evolution of Money (Paperback)

Percy Kinnaird

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Loot Price R348 Discovery Miles 3 480

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Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: CHAPTER VI. HE graft embodied in the two systems of banking created factions?known as parties?that have struggled for the control of the United States. The history of this country is the history of the varying fortunes of the two factions, as they have contended under varying and changing alignments. The change in the government from an intended Republic to a plutocracy, has been caused by the legal abuses necessary to sustain the right of the gold and silver owners to the exclusive enjoyment of "use-value," intrinsic-value, and the Legal-Tender power of the government. In other words, the change has been necessary to secure to the gold and silver owners?and now the gold owners alone?the exclusive enjoyment of all the benefits that necessarily accrue from the exercise of the sovereign power to issue money?the most dominant of all the sovereign powers of a people. The first abuse was in support of the First Bank of the United States, and was judicial. The State of Georgia assessed a branch of the First Bank. The bank refused to pay the tax. The sheriff collected it by force. The bank sued the sheriff for the return of the money. The State Courts gave judgment in favor of -the sheriff. The bank then sued the sheriff in one of the inferior United States Courts. It dismissed the case on the ground that it had no jurisdiction. The bank appealed to the Supreme Court of the United States. The issue in the case was, whether a corporation?such as the bank?was a citizen. If not, the United States Courts had no jurisdiction, for their jurisdiction was limited, in controversies arising between the people, to the citizens of different States. The word citizen was also selected to exclude the corporations of one State from being entitled to the rights, privileges...


Imprint: Rarebooksclub.com
Country of origin: United States
Release date: May 2014
First published: May 2014
Authors: Percy Kinnaird
Dimensions: 246 x 189 x 6mm (L x W x T)
Format: Paperback - Trade
Pages: 108
ISBN-13: 978-0-217-79728-3
Barcode: 9780217797283
Categories: Books
LSN: 0-217-79728-8

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