On the economic crisis:
From The Rules of Discipline of the Religious Society of Friends (Quakers), 1806:
"We warn our members against a pernicious practice amongst the trading part of the community, which has often issued in the ruin of those concerned therein, viz. That of raising and circulating a kind of paper credit, with indorsements, to give it an appearance of value, without an intrinsic reality; a practice which, as it appears to be inconsistent with the truth we profess, we declare our disapprobation of, and entreat every member of our society to avoid and discourage."
"We warn our members against a pernicious practice amongst the trading part of the community, which has often issued in the ruin of those concerned therein, viz. That of raising and circulating a kind of paper credit, with indorsements, to give it an appearance of value, without an intrinsic reality; a practice which, as it appears to be inconsistent with the truth we profess, we declare our disapprobation of, and entreat every member of our society to avoid and discourage."
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