id author title date pages extension mime words sentences flesch summary cache txt 34187 Spooner, Lysander A New Banking System The Needful Capital for Rebuilding the Burnt District .txt text/plain 17416 750 67 inasmuch as the use of the real estate as banking capital, would not The use of this real estate as banking capital would break up all furnishing a great amount of currency, that would be equal in value to relatively to specie; for no possible amount of paper currency, every dollar of which is equal in value to specie, _can_ inflate prices above issued for circulation as currency, as our bank bills are now. paper currency is made payable in specie, _on demand_, very little of it of paper would be equal in value to a dollar of gold; specie an abundant paper currency--that is equal in value to gold--raises the circulation, without a dollar of capital (Productive Stock) in bank, an average, to the capital of the present "National" banks. Even though the banks should _pay_, on currency Or if the currency should remain in circulation three months, the banks ./cache/34187.txt ./txt/34187.txt