The Truth About Money
Financial Falacies A complete history of all the want, misery, crime and distress brought to the humanity by the means of financial panics brought about by the suspension of specie payments and bank failures would fill volumes with records of untold suffering. Upon every page would be inscribed the wail of starving children, the breaking hearts of women, and the blighting despair which comes to manhood when the toil of his best years has been swept away forever. Humanity has been desolated by what is commonly termed a financial panic, which has brought ruin and robbery to hundreds and thousands of its people. Millions upon millions of dollars’ worth of property have been consigned to the hands of a receiver and sacrificed under the sheriff’s hammer. Millions more have been foreclosed at one-third its real value. The hard earnings of a lifetime have been swept away, and the aged and despoiled have found their only solace in the comforts of a county poorhouse. Men, women and children h