The Continental Monthly, Vol. 4, No. 2, August, 1863: Devoted to Literature and National Policy — John Shaqi
The Continental Monthly, Vol. 4, No. 2, August, 1863: Devoted to Literature and National PolicyVarious
History
The Continental Monthly, Vol. 4, No. 2, August, 1863: Devoted to Literature and National Policy
Various
Literature, Modern -- 19th century -- Periodicals; United States -- Politics and government -- 19th century -- Periodicals
a knowledge of the purity of intention and loftiness of purpose of
political opponents. The evils of sectional feeling and sectional
legislation, so clearly manifested in present events, will be avoided in
the future, as the Maelstrom current which sucks in the stoutest bark to
inevitable destruction: and while we shall still retain that natural
love of home which binds us most closely to the place of our abode, the
principle will be recognized that the well-being of the whole can only
lie in the soundness and prosperity of each particular part, and we
shall know no dividing lines in our love of country, but all become
members of one great brotherhood, citizens of one common and united
country. The experience of the past will teach us to religiously avoid
the snares and pitfalls that beset our path, the hidden rocks and shoals
upon which our bark had wellnigh stranded; and the science of politics
will henceforward have a broader sweep, a loftier appreciation of
national responsibility, a purer benevolence, a sublimer philanthropy.
Among the influences which will greatly modify the future of American
politics, not the least is the lately enacted banking law. Hitherto we
have been divided in our finances as no nation ever was before. Every
individual State has had not only its own system of banking, but its own
separate and distinct currency; a currency oftentimes based upon an
insufficient security, and possessing only a local par value. The
traveller who would journey from one portion of the country to another
was driven to the alternative of converting his funds into bills of
exchange, or of shopping from broker to broker to procure the currency
of the particular localities which he proposed to visit. Not to mention
the inconvenience of such a state of things, it is productive of many
dire evils, which it is not my purpose to enumerate, since they are
already familiar to the majority of my readers. Suffice it to say that
such a diversity in a point so vital to all enlightened nations, is
antagonistic to the very spirit of our institutions, under a government
whose existence depends upon the principle of unity, in a land whose
prosperity depends upon the consolidation of all its constituent parts
into one homogeneous whole. Not only is this diversity in the money
market forever destroyed by the establishment of a uniform currency, but
from the peculiar nature of the law, the stability of the Government is
made a matter of direct self-interest to every individual citizen, than
which no surer or more enduring bond of union can be devised. For
self-interest, the Archimedean lever that moves the world, loses no jot
of its influence when even honor and patriotism have withered away.
Every dollar of the security upon which the currency is based must be
deposited in the treasury vaults: in other words, the wealth of every
individual citizen is under Government lock and key. Should, then, in
Public-domain text, read in full here on John Shaqi.
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