No matter how good the cause, how patriotic the People, an inconvertible paper money is sure to run down at the heel.
This is especially likely to be true of an inconvertible money.
The consistent advocates of inconvertible paper money in England, therefore, sought refuge in the ideal measure of money.
An inconvertible paper money is only another name for unfulfilled promises.
In short, the value of inconvertible paper can be but little affected by legal-tender powers.
This was just an inconvertible paper currency; and its issue immediately after the battle of Cannæ saved the Roman empire.
As Pitt had allowed the system of inconvertible paper, the Tories generally applauded and were ready to perpetuate it.
And there was no limit to this conversion of public land into inconvertible paper.
inconvertible, they must go to a discount with gold or with the money of outside countries using gold.
These seventy-five millions are the security of the people against the dangers of a depreciated and inconvertible paper money.