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The Pennsylvania Gazette, George Washington, James A. Garfield


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"Since the federal constitution has removed all danger of our having a paper tender, our trade is advanced fifty percent. Our monied people can trust their cash abroad, and have brought their coin into circulation."

-- The Pennsylvania Gazette

December 16, 1789

http://quotes.liberty-tree.ca/quote_blog/The.Gazette.Quote.B173

"As a very important source of strength and security, cherish public credit. One method of preserving it is to use it as sparingly as possible, avoiding occasions of expense by cultivating peace, but remembering also that timely disbursements to prepare for danger frequently prevent much greater disbursements to repel it, avoiding likewise the accumulation of debt, not only by shunning occasions of expense, but by vigorous exertion in time of peace to discharge the debts which unavoidable wars may have occasioned, not ungenerously throwing upon posterity the burden which we ourselves ought to bear. The execution of these maxims belongs to your representatives, but it is necessary that public opinion should co-operate."

-- George Washington

(1732-1799) Founding Father, 1st US President, 'Father of the Country'

Source: George Washington's Farewell Address, September 19, 1796

http://quotes.liberty-tree.ca/quote_blog/George.Washington.Quote.4D33

"The chief duty of the National Government in connection with the currency of the country is to coin money and declare its value. Grave doubts have been entertained whether Congress is authorized by the Constitution to make any form of paper money legal tender. The present issue of United States notes has been sustained by the necessities of war; but such paper should depend for its value and currency upon its convenience in use and its prompt redemption in coin at the will of the holder, and not upon its compulsory circulation. These notes are not money, but promises to pay money. If the holders demand it, the promise should be kept."

-- James A. Garfield

(1831-1881) 20th President of the United States (1881)

Source: Inaugural Address, March 14, 1881.

http://quotes.liberty-tree.ca/quote_blog/James.Garfield.Quote.EB92

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