Ivan Mironov had to spend the night in the police-station, in the company of drunkards and thieves. It was noon of the next day when he was summoned to the police officer; put through a close examination, and sent in the care of a policeman to Eugene Mihailovich’s shop. Ivan Mironov remembered the street and the house. The policeman asked for the shopkeeper, showed him the coupon and confronted him with Ivan Mironov, who declared that he had received the coupon in that very place. Eugene Mihailovich at once assumed a very severe and astonished air. “You are mad, my good fellow,” he said. “I have never seen this man before in my life,” he added, addressing the policeman. “It is a sin, sir,” said Ivan Mironov. “Think of the hour when you will die.” “Why, you must be dreaming! You have sold your firewood to some one else,” said Eugene Mihailovich. “But wait a minute. I will go and...
The Redemption of Paper Money Excerpted from the book; Individual Liberty: Selections From the Writings of Benjamin R. Tucker Vanguard Press, New York, 1926 Kraus Reprint Co., Millwood, NY, 1973. In a paper entitled "Banking and the State," read before the Single Tax Club of Chicago, Mr. A. W. Wright took the position, which he considered of the greatest importance, that paper money must always be subject to immediate redemption, the sole reason assigned for that contention being that nothing but public confidence can make paper money possible. The editor of Liberty took issue with him on that point: It remains to be proved that immediate redemption is essential to public confidence. It is, of course, true that certainty of ultimate redemption is such an essential. But this is the most that can be claimed. A run on a bank o...
An Inquiry into the Principle of Right and of GovernmentPreface. The following letter served as a preface to the first edition of this memoir: — “To the Members of the Academy of Besançon. “PARIS, June 30, 1840. “GENTLEMEN, — In the course of your debate of the 9th of May, 1833, in regard to the triennial pension established by Madame Suard, you expressed the following wish: — “ ‘The Academy requests the titulary to present it annually, during the first fortnight in July, with a succinct and logical statement of the various studies which he has pursued during the year which has just expired.’ “I now propose, gentlemen, to discharge this duty. “When I solicited your votes, I boldly avowed my intention to bend my efforts to the discovery of some means of ameliorating the physical, moral, and intellectual condition of the mere numerous and poorer classes. This idea, foreign as it m...