Various authors

“ A Safe But Expensive Policy To purchase gold or silver bullion and to issue certificates thereon, dollar for dollar, would not obviate the great objection to a large part of the present circulation, viz.: the useless storing away of too much of the wealth of the country in the vaults of the Treasury, a policy, however safe it may be, which is expensive, as taking out of productive enterprises a needless amount of capital. ”

“ The metallic reserve might with safety consist of one-half of gold and one-half of silver, the latter at its market value, and the notes be redeemed either in gold or its equivalent in silver, under such regulations as may be deemed necessary to keep them at par and to give no advantage to either metal. ”

“ If there is any gain in issuing notes, there is a demand, not without justice, that it should be shared in by all the citizens of the Republic, not exclusively by the holders of State or National bank stocks. ”

“ Their use is not yet fully understood or appreciated, but they are rapidly revolutionizing all methods of exchanges, and this country cannot refuse to recognize their superiority over the clumsy machinery of the last century. ”

“ The policy of removing the tax upon the issue of States banks, and allowing variegated bills of that character, at best never at par, except in the immediate vicinity of their issue, to again flood the country, meets with little favor in any section. There is, also, a general feeling that when the option on the four per cent. bonds expires, the government should not issue in their place bonds of a lower rate on which national banks may continue their circulation. ”