When not only gold but all commodities are available for the redemption of the paper currency, its volume is limited only by the value of all the wealth of the country, and it can never become insecure up to this limit.

The business of a bank is to lend money; which amounts, nowadays, to lending credit.

It was the king's army, the king's people, the king's taxes; and he who questioned the propriety of the royal prerogative of taking from his people without return or accounting, was reckoned, and felt himself to be, a criminal, guilty of the highest crime of disloyalty.

It is often said by reformers that government should be conducted upon business principles.

At present, financial crises occur, chiefly because the paper currency is redeemable in gold only.

When not only gold but all commodities are available for the redemption of the paper currency, its volume is limited only by the value of all the wealth of the country, and it can never become insecure up to this limit.

Modern money is almost altogether credit money.