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The Daily Dispatch: April 8, 1864., [Electronic resource], Peace Coming through bankruptcy — a Blast from a "Suppressed" Press. (search)
s of the people? Repudiation, therefore, is not a question of right or wrong, but of necessity. All must agree that repudiation is a very bad thing, but this general condemnation does not remove its inevitability. Death is an unwelcome visitor to all but all must nevertheless submit to it. The wretch who should advise men, in their lives, to ignore the fact that they must die, has a mate in the fool who would prevent men from discussing this question, so vital to a nation's life. Moran, in his, in most respects, excellent work on money, says: "Government paper money cannot successfully, for any length of time, perform the functions of money, because it is invariably issued as a financial resource in moments of emergency, generally when war is ruthlessly destroying both life and property. Government paper money, instead of representing existing results of labor, ready to redeem the paper money on demand of the holders, only represents property and lives already consumed or