A Speech on the Principles of FinanceWoodhull, Victoria C. (Victoria Claflin)
General
A Speech on the Principles of Finance
Woodhull, Victoria C. (Victoria Claflin)
Money -- Miscellanea
Heretofore there has been no inquiry made by the rulers of the people
into the general principles of government. It was sufficient that there
was a government maintained, the governors caring for little but the
power to compel the people to do their bidding. But it is beginning to
dawn upon the minds of those who have something more than a selfish
interest in humanity that there _is a science_ of government; aye, even
that there is a science of society: and such minds are endeavoring by
the deepest researches to discover the principles of these sciences.
In our government, the principle of individual rights is theoretically
held, though in its application government still interferes with those
rights. The legitimate functions of a government, based upon the rights
of every individual over whom its power is exercised, are limited to the
_duties_ that will best _subserve_ and _protect_ the interests of
individuals. The proper understanding and practice of these functions is
the most important thing for a people to arrive at, but, having arrived
at this as the basis of all the relations of the people, the scientific
construction of the various departments of the complete superstructure
which is to cover all the public interests of all the people, as well as
to maintain their private interests intact, can be begun.
After the general principles of government are properly formulated in
Constitutions and vitality given them by laws, a correct, a scientific
financial system stands _next_ in importance. If a country have a true
system of _government_, and do not have a true system of _finance_, it
can never attain to any _permanent_ prosperity. Literally speaking,
finance is a _part_ of government; since, in organizing it, means for
its support are among the first considerations. Hence it is plain, if
there are principles of government, so must there also be principles of
finance.
It has never been pretended, so far as I know, even by the profoundest
political economists, who are sticklers for the gold standard, that any
financial systems the world has ever known were developed by the
scientific application of self-evident truths, which is the nature of
principles.
The various systems of which use has been made were simply
_experimental_, devised for _politic_ reasons, as the _best_ methods to
meet the exigencies of the times in which they were required. Instance
the Greenback, the necessity for which was such as to shake the nation
to its very centre, and to fill the minds of all patriots with a dread
foreboding.
Public-domain text, read in full here on John Shaqi.
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