“By common consent of the nations, gold and silver are the only true measure of value. They are the necessary regulators of trade. I have myself no more doubt that these metals were prepared by the Almighty for this very purpose, than I have that iron and coal were prepared for the purposes in which they are being used.”
Quote by Hugh McCulloch
Work
Men and Measures of Half a Century; Sketches and Comments
This book offers a glimpse into the thoughts and observations on various aspects of life during the first half of the 20th century, including social dynamics, cultural shifts, and personal reflections. more
Author
Hugh McCulloch
Former United States Secretary of the Treasury, born on December 7, 1808, and died on May 24, 1895. more
You May Also Like
“Although gold and silver are not by nature money, money is by nature gold and silver.”
Source: Capital: An Abridged Edition
“The modern mind dislikes gold because it blurts out unpleasant truths.”
Source: Casuals of the Sea: The Voyage of a Soul
“Gold opens all locks, no lock will hold against the power of gold.”
“Foul cankering rust the hidden treasure frets, but gold that's put to use more gold begets.”
Source: Twelfth Night: Or, What You Will
“Gold were as good as twenty orators.”
Source: Dictionary of Shakespearian Quotations: Exhibiting the Most Forcible Passages, Illustrative of the Various Passions, Affections and Emotions of the Human Mind