Bank-Note Currency in Great Britain And in the United States
Bank-Note Currency in Great Britain And in the United States
S Dana Samuel Dana Horton
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One might say the ten- dency of civilization isfirom **paymentof money in full" to payment of a "cheque for balance in fuU." The amount of "money" used reaches but a very small percentage of the regular business.of a bank. The savings banks, State banks^^mate banks, the deposits ii| th«$e %JfA ^^ ^^ I^ftional bas^, the cl€Jinng;-bcra^ ^tem*. the entire credit ji^s- , Digitized by Google t«m^ vl^ch atliiiB» 'pnymtnt to iwfescrilmble avKMmtff wHhoot MIT" XBonef »% aM, in facttbe mtm^j-^yf'acceQfi...^ tniBinsltons of • the v^ei& coutttiyafe-eithtr in^ludcdftitir'inteFWeveii with tlw iMiBiness of bitnlilD^f aavA ^tn a^um • total'or ciedit compared with ivhtehfhe ^otionat B^u^^ notes are as a river to the oceaa. By vr^asi license, poetic- or rbetortcd^ can. the BDndrxfe^sitedin ^WasfaingtOB be deseriMdas^ **basls" Ibr all ttifa? Is the bed of the MiisiSBippt the basis of the Gulf of Mexico or of the Atlantic? Again, the facts do not warrant the literal ac- ceptation of the statement- that in the TJbited States the privilege ofissuinj?
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