A Solution of Interests Dependent Upon Money Subsidiary Money Currency Emerge
A Solution of Interests Dependent Upon Money Subsidiary Money Currency Emerge
Charles Albert Long
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Third: All that is necessary to protect the gold coins from currency use, place the Nation in a position to liquidate its bonds and above ever having to borrow, is simply to limit the coinage of gold to a denomination which will render them impractical as a currency. 26 CURRENCY AND BANKING Fourth : That to protect gold coins from waste (even when handled by the Govern- ment), they must be encased in some manner. Fifth : That to provide unlimited credit for silver, or any other subsidiary, the ...Nation must make its currency and subsidiary coins the only medium of exchange. Sixth : That to protect the Subsidiaries in their rights, they must be given a proportion of business that will constantly employ their coins and currency. If silver coins and cur- rency are made the only permanent issues of less denominations than $100. 00, will there ever be a lack of demand ? Seventh : To provide for the liquidation of our interest-bearing bonds, we must place our money to our public credit. Eighth: To retire, and reissue all present currency, is the only way of knowing how much we have in circulation.
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