“He who tampers with the currency robs labor of its bread”

Entry in progress—B.P.
 
Wikipedia: Daniel Webster
Daniel Webster (January 18, 1782 – October 24, 1852) was a leading American senator from Massachusetts during the period leading up to the Civil War. He first rose to regional prominence through his defense of New England shipping interests. Webster’s increasingly nationalistic views, and his effectiveness as a speaker, made him one of the most famous orators and influential Whig leaders of the Second Party System. He was one of the nation’s most prominent conservatives, leading opposition to Democrat Andrew Jackson and the Democratic Party. He was a spokesman for modernization, banking and industry, but not for the common people who composed the base of his enemies in Jacksonian Democracy. “He was a thoroughgoing elitist, and he reveled in it,” says biographer Remini. During his 40 years in national politics, Webster served in the House of Representatives for 10 years (representing New Hampshire), in the Senate for 19 years (representing Massachusetts), and was appointed the United States Secretary of State under three presidents.
 
Webster took part in several key U.S. Supreme Court cases which established important constitutional precedents that bolstered the authority of the federal government. As Secretary of State, he negotiated the Webster-Ashburton Treaty, which established the definitive eastern border between the United States and Canada. Chiefly recognized for his Senate tenure, Webster was a key figure in the institution’s “Golden days”. Webster was considered the Northern member of a trio known as the “Great Triumvirate”, with his colleagues Henry Clay from the West (Kentucky) and John C. Calhoun from the South (South Carolina). His “Reply to Hayne” in 1830 was regarded as “the most eloquent speech ever delivered in Congress.”
     
Wikiquote: Respectfully Quoted
Following are quotes from Respectfully Quoted: A Dictionary of Quotations (1989), a public domain compilation of quotes in the book produced by the U.S. Congressional Research Service, and containing quotes for which research was requested by members of Congress. These quotes generally need to be formatted and integrated into the appropriate articles. The headers were selected by the Library of Congress, and editors may well feel that some quotes do not fit neatly into the topic provided.
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MONEY
He who tampers with the currency robs labor of its bread.
. Daniel Webster, speech delivered at Niblo’s Saloon, New York City, March 15, 1837.—The Works of Daniel Webster, 10th ed., vol. 1, p. 377 (1857).
 
Google Books
The Elgar Dictionary of Economic Quotations
Edited by Charles Robert McCann
London: Credo Reference Ltd.
2009
Pg. 213:
Daniel Webster (1782-1852)
American politician
He who tampers with the currency robs labor of its bread. He panders, indeed, to greedy capital, which is keen-sighted, and may shift for itself; but he beggars labor, which is honest, unsuspecting, and too busy with the present to calculate for the future. The prosperity of the working classes lives, moves, and has its being in established credit, and a steady medium of payment. All sudden changes destroy it. Honest industry never comes in for any part of the spoils in that scramble that takes place when the currency of a country is disordered. Did wild schemes and projects ever benefit the industrious? Did irredeemable bank paper ever enrich the laborious? Did violent fluctuations ever do good to him who depends of his daily labor for his daily bread? Certainly never. All these things may gratify greediness for sudden gain, or the rashness of daring speculation, but they can bring nothing but injury and distress to the homes of patient industry and honest labor.
. ‘Reception at New York (Speech at Niblo’s Saloon, New York, 15 March 1837); 377
 
Dictionary of Quotes
He who tampers with the currency robs labor of its bread. -Daniel Webster
7 mar 2014   | Quotes of the day