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
Some object that the very numerous and intricate methods to which resort
would be required would prove _unmanageable_, and that _corruption_
would _inevitably_ creep in and undermine its usefulness. Let such
consider our almost perfect postal system, and how _well balanced_ are
all its movements and checks, and find therein their answer. Would there
be more intricacy in the proposed system than there now is in the
present? Do not all national banks, though nominally distinct, _really_
have a common fountain head in government? Does not all their currency
come from government? Suppose all these banks, instead of being
independent institutions, were an organized system, having a common
head, as the banks of New York City virtually have in the Clearing
House, would not that be a condition so nearly related to the system
which would be required as to show its entire practicability?
Indeed, there is scarcely need that there should be a new department
inaugurated to bring such a currency home to the people. Perhaps there
never was a system operated in which there was _less_ proportionate loss
through its executive officers than in our postal system. And this is
because the _responsibility_ comes _home_ to the people. The postmaster
is _always_ a resident of the _place_ in which he officiates, and,
either with or without a civil service law, should be the _appointee_ of
the citizens whom he is to serve; and, of course, would be a person
possessing their special confidence. To such persons might the _care_ of
the public money well be intrusted; and in _all places_ except cities a
_single_ person could perform both the services of postmaster and of
United States financial agent.
Means can be easily devised to make all post offices offices for
loaning, as they now sell post office stamps and money orders.
In all that I have said my only purpose has been to endeavor to arrive
at a proper understanding of the most important feature of governmental
justice and uniform equity among all the people. All past systems have
failed to secure this. The world has constantly witnessed the proceeds
of the labors of the millions _aggregated_ in the hands of the few. This
advantage which one class has possessed over another cannot long exist
under the rapid spread of intelligence, which marks the present
generation; and it behooves _this_ people to give _due_ consideration to
_any_ scheme which proposes to lessen this advantage. And _most
especially_ does it become the duty of the people, if there be such a
thing as _principles_ of _finance_, to _find_ them out and cause them to
be practically applied.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account