Show credit currency the advanced system of banking in the present day supplies the people with n large volume of currency based on credit which answers the purpose of actual money for example the comptroller of currency curre ocy stave the bank deposits of the country in 1893 at against which the banks held in lawful money only on that small basis then the banks had built ap a confide nea currency doing service among the of more than nine times their deposits so long as taft equilibrium of trade is kept up the credit currency does no harm but it can be easily disturbed it is in the power of only a few men to disturb it from tha official figures it would appear that every dollar of actual rooney is capable of creating ten dollars in credit currency the one dollar of ultimate redemption and ten dol lara credit currency ia destroyed withdraw a hundred million dollars and one killion dollars of trade confidence currency is destroyed banks cau soon bring on a panic then it will be seen by calling in their funds in 1891 england begab unloading securities on this country and shipping across the ocean our gold when fifty million dollars or mora had been secured our confidence currency became stranded people rushed to the baneg for their money and the banks went under thera will always be a large proportion of the trade of a country based upon confidence though the banks of new york may be full of money it is seldom brought out in actual business if it bad to ba employed instead of the confidence currency or bank paper it would require more ex pressmen than it now takes clerks to transport the coina from bank to bank the fact of the cartter is that there are many times more business done every day than the money in the banks but the confidence of all this trade rests in coin of the realm the money of ultimate redemption is to trade what the is to the ship A little deviation actual money to one side or the ather is likely to change the coarse of the ship of commerce com mirce it is in the science of finances that bankers excel and when the volume of money is small the trade of a country 19 most an their mercy when the volume of monay of ultimate redemption demp tion is carpe tho people are mora independent in thia country we need more money tco much of our trade is based on the confidence we have in each other we have only about eighteen dollars per capita while in trance they have over forty dollars per free coinage of silver i the only way we can get more money there is not gold enough in the whole world to furnish money sufficient bior all gold standard atan dard nations the bankers got silver demonet izad in order that they might more fully have the commerce of the world in their power the masses will ore long rend asunder their golden chains of slavery speed the day |