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CHAPTER X. Of a Double Standard, and Subsidiary Coins.

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§ 1. The influence of bank notes, bills, and cheques, on price, a

part of the influence of Credit, . . . . . .
2. Credit a purchasing power similar to money, . . .
3. Effects of great extensions and contractions of credit. Phe-

nomena of a commercial crisis analyzed, . . . .
4. Bills a more powerful instrument for acting on prices than

book credits, and bank notes than bills, . . . .

5. – the distinction of little practical importance, . . .

6. Cheques an instrument for acting on prices, equally power-

ful with bank notes, .

7. Are bank notes money? . . . . . . .

8. No generic distinction between bank notes and other forms

of credit, . . . . . . . . . .

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CHAPTER XIII. Of an Inconvertible Paper Currency.

§ 1. The value of an inconvertible paper, depending on its quan-

tity, is a matter of arbitrary regulation, . . . . 88

2. If regulated by the price of bullion, an inconvertible cur-

rency might be safe, but not expedient, . . ; .
3. Examination of the doctrine that an inconvertible currency

is safe if representing actual property, . . .

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CHAPTER XVIII. Of International Values.

§ 1. The values of imported commodities depend on the terms of

international interchange,

Tational interchange, . . . . . .

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