The fresh palpable simple truth is that the advocates of establish “National” currency program,-that is, the newest stockholders in the current “National” financial institutions,-do not wish for specie money. Once the a reason for this, it profess an effective interest in specie money; and also at the same time behavior the imposture off claiming that specie payments could be hopeless, when your quantity of new money be increased.

However, all of this was sheer falsehood and you can fraud. It’s, definitely, impossible to have specie payments, provided the only real currency issued is actually granted of the an excellent bodies who has got nothing to get having, and also no aim of redeeming; and by banking institutions which are not even needed to get.