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Future Paper Money of This Country

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Discusses future U.S. paper money: convertible, specie-backed government notes can be sound; warns that inconvertible legal-tender and excessive bank credit cause inflation and panics.
Archive ⬩ Economics, Employment, and Work, Money, Possessions, and Stewardship
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Lyman Hotchkiss Atwater (February 23, 1813 – February 17, 1883) was an American Presbyterian philosopher, theologian, and educator who served as a long-time professor of logic, moral and intellectual philosophy at the College of New Jersey (Princeton) and lectured at Princeton Theological Seminary. Born in Cedar Hill, New Haven, Connecticut, he graduated from Yale, ministered for twenty years in Fairfield, Connecticut, and became a prolific writer and contributor to The Princeton Review. Throughout his life he remained deeply involved in Presbyterian scholarship and church affairs, and was honored with an LL.D. from Yale in 1871.

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