national-bank notes and those known as "fotos porno gratuitas legal-tenders" is nearly seven
hundred millions. While it is urged by some that this amount should be
increased, others contend that a decided reduction is absolutely essential
to the best interests of the country. In view of these diverse opinions, it
may be well fotos porno gratuitas to ascertain the real value of our paper issues when compared
with a metallic or fotos porno gratuitas convertible currency. For this purpose let us inquire
how much gold and silver could be fotos porno gratuitas purchased by the seven hundred millions
of
paper money now in circulation. Probably not more than half the amount
of the latter; showing fotos porno gratuitas that when our paper currency is compared with gold
and silver its commercial value is compressed fotos porno gratuitas into three hundred and fotos porno gratuitas fifty
millions. This striking fotos porno gratuitas fact makes it the obvious duty of the fotos porno gratuitas Government,
as early as may be consistent with the principles of sound political
economy, to take such measures as will enable the holders of its notes fotos porno gratuitas and
those of the fotos porno gratuitas national banks to convert them, without loss, into specie or
its equivalent. A reduction fotos porno gratuitas of our paper circulating medium need not
necessarily follow. This, however, would depend upon the law of fotos porno gratuitas demand and
supply, though it should be borne in mind that by making legal-tender and
bank notes convertible into coin or its equivalent fotos porno gratuitas their present specie
value in the hands of their holders would be enhanced 100 per cent.
Legislation for the
accomplishment of a result so desirable is demanded by
the highest public considerations. The fotos porno gratuitas Constitution contemplates that the
circulating medium of the country shall be uniform in quality and value. At
the time of fotos porno gratuitas the formation fotos porno gratuitas of that instrument the country had just emerged
from the War of the Revolution, and was suffering from the effects of a
redundant and worthless paper currency. The sages of that period were
anxious to protect their posterity from the evils which they themselves had
experienced. Hence in providing a circulating medium they conferred upon