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Uncommon Sense

Pithy sayings and brilliant observations

Tag: George Bancroft

(1800-1891) American historian, U.S. Secretary of the Navy (1845-1846), established the United States Naval Academy at Annapolis in 1845.

Paper money not legal

Madison, agreeing with the journal of the convention, records that the grant of power to emit bills of credit was refused by a majority of more than four to one. The evidence is perfect; no power to emit paper money was granted to the legislature of the United States.

Author Greg RavenPosted on August 20, 2015November 1, 2018Format QuoteCategories moneyTags George Bancroft

“Perhaps the sentiments contained in the following pages, are not yet sufficiently fashionable to procure them general favor; a long habit of not thinking a thing wrong, gives it a superficial appearance of being right, and raises at first a formidable outcry in defense of custom. But the tumult soon subsides.” — Thomas Paine

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“There can be no public or private virtue unless the foundation of action is the practice of truth.” — George Jacob Holyoake

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