The volume of currency in a country is not limited by the amount of gold that a country may possess.
Editor's note · Context
Boutwell emphasizes that a country's currency volume is not solely dependent on its gold reserves.
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General Grant was not indisposed to see the territories of the Republic extended, but his love of justice and fair dealing was such that he would have used only honorable means in his intercourse with other nations.
To protect the national honor, every dollar of Government indebtedness should be paid in gold, unless otherwise expressly stipulated in the contract. . . .
In truth, gold plays a small part only in actual business.
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