THE PRINCIPLES ADVOCATED IN THIS PAMPHLET are:‐
“THAT NO COMMODITY can fulfil the functions of money, be it diamonds, gold, or silver. That money is in its nature arepresentationof wealth,and notreal wealth,asabillof lading, or a warehouse warrant, are representations of cargo, or of' goods warehoused ; and like these instruments must be documentary, or paper.”
“THAT THE STATE alone can issue Such paper money.”
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