Excerpt from Currency: Or the Fundamental Principles of Monetary Science Postulated, Explained, and Applied Finding in the present systems of issuing and supply ing paper money, so much that is at variance with cor rect scientific principles, I have devoted much space to attacking the prejudices and ignorance which uphold them. No sound system can be established in any coun try without rooting out the vested rights of those who make a profit out of issuing paper money. I have, therefore, vigorously assailed the plan of delegating the right to issue paper money to the Bank of England and National Banks of the United States, on securities or otherwise. The result of my deductions has been the evolvement of a purely automatic method of supplying both coined and paper money, - supply and demandbeing the only motive power to be used in keeping the automaton in motion. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.