| Show mm is ELASTIC the existing quantity may be transferred froni one section to another but there Is no way of increasing the bulk when needed in the country when a large amount is gathered up at one po nt other places aro disturbed balth is 11 e product of labor and if clery store house in 11 world were with coin no more of it mould lind its any into empty i dockets unless the owners of the lid some 11 ing to in eibl ingo for it As tinaa brei cy is coi acri d it require it deiy little for alie business of 11 e 0 O es cn lo ilus ind imong alie of ti ido tin bulk of lie i mants ire in ade ly tru stirs is not currency in 1 united aites to nutt two weeks ply ments in the city of new ork ilone where froin one to decd ni illion dollars i daiy diy of bucl ars i iss thio gh the cle arii g ho ise I 1 en the refill tride tr ide is i little usual i firgir of required for i i inputs mide over the counter but tl e needs foi thia purpose arc limited than is corn conly lie ainsil moe in tie does n quire ail ii ere isad volume bojt currency eliat may i iss from 1 ind to hind in 11 e city the i of eich daiy diy go bick into alie hands of tl e binks for reissue re issue but in the country alie keener keeps die money for ml lie it kist in his i bocket and a lugar ly is i itter of irime necessity lie one greit of our i recent monc tiry absence of ill islon for aliis emergenci currency is not elastic in any sei so lie existing quantity quint ity may be transferred from one section to mother b it 11 ere is i way of increasing inci easing tl built vl in it is need ed or of il lowing tl volume to shrink by a natural process it is ant 1 en a dirgo amount is gillier cd up at tl e centers for use in the outer districts tl ere is al ays a pressure ind i disturb inco seriously ind tins il excitement it not in my ny be relieved without duncing dunging af the currena cur V b inking system il ich should permit issue of notes on adit would ex telly meet tl e dill culty 1 ho currency in creise is corn marce ind sl rink vl en tl e by tl e operation of a a nril liw tilt or violence lie s ib tiei sury project of II 11 e f tt not in WIT ll 11 i furj ose 11 e currency lo 10 inca ay ll 11 L government on leal cst ito mould jc in t aid tie loins on 0 o ild lot like bank issues drafts for lie cof aliu TOIS meliin alie t 1 ey bould be on miel anso etli of alio dalily about besides it bould not 1 cli 1 airmen to hem to store up ml leold pro luce io scein discs w is cvar by lit agn g to 1 is aroi s V tl ex n n ilion of tl dillni s still show 1 it 11 i icci va sells tl iced of it is for arket bo acl in tie long run 1 in alie 01 e wl Is ablo to 1 aird 1 is products iro ducts in alio loje of ligler apices ahe min alio v ints more money mill ind no roy il roid to alie he cov its no patent for its acquini ion lie must give something for it to mike it honestly 1 is own ind the mm wl sets immelt earnestly eirnest ly to do tl is artill lind tl at all fin inci tl systems liend to 1 is conquering mill I 1 M en allu i for jay |
