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A SPEECH ON THE PRINCIPLES OF FINANCE,
BY
VICTORIA C. WOODHULL,
DELIVERED AT
COOPER INSTITUTE, NEW YORK CITY,
THURSDAY, AUGUST 3, 1871.
NEW YORK: WOODHULL, CLAFLIN & CO., No. 41 BROAD STREET. 1871.
THE PRINCIPLES OF FINANCE.
MONEY! IS IT A PRINCIPLE OR A PROPERTY?
To the careful student of history, there is a very great deal more to be considered than the mere political facts that stand as landmarks along the path of progress which the nations have traversed since the plains of Iran poured forth their hosts westward. These facts are the mere externals that adorn the pages of historic lore, and embellish the memories of the great men who have lived in and moved the world at various times in various nations, or which clothe the lives of tyrants and usurpers with their just reward.
It has never been pretended, so far as I know, even by the profoundest political economists, who are sticklers for the gold standard, that any financial systems the world has ever known were developed by the scientific application of self-evident truths, which is the nature of principles.
Therefore I shall present no principals, per cents. and compounded amounts, except, perhaps, as examples to illustrate the mathematical impossibilities of the fallacious theories by which financiers have attempted to dazzle the world, but who have only succeeded in accumulating in the hands of a very select few that which by an exact justice should belong to, and be distributed among, the people generally.
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