On the record
Here I put the practical question, Can any national bank issue and maintain a circulation of coin notes with a reserve of only twenty-five per cent., so long as gold commands a premium?
Source
gutenberg.orgCharles Sumner: “Here I put the practical question, Can any national bank issue and maintain a circulation of coin notes with a reserve…”
Editor's note · Context
Sumner questions the feasibility of national banks maintaining a currency with a low reserve during a gold premium.
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