COIN'S FINANCIAL SCHOOL.
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cannot strain the proportion beyond such amount without making the danger imminent, and the lack of confidence great.
"If there is one thousand million dollars of redemption money in the United States—in its treasury, its banks, and among its people—then one thousand millions of credit money can be safely used and not more.
"If you want to increase the currency, you must in safety do it by adding to the redemption money, and for each dollar so added one dollar of credit money may be added.
DIGGING OUT THE FOUNDATION.
"If it is wished to vitiate the currency, increase the credit money beyond its normal quantity, or dig out the foundation from under it by lessening the supply of redemption money.
