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more conveniently laden and unladen in the quiet dock than 

 in the surging and streaming river. Yet they have a proper 

 connexion and means of communication. May it not be 

 possible, then, to make an improvement, by providing a me- 

 dium of exchange appropriate for foreign purposes, and another 

 for domestic purposes, so connected, and yet so divided, that 

 the variations of the one shall not derange or evert the other? 

 While the waters that float the vessel at home are undivided 

 from the open sea, they are liable to toss her to and fro, and 

 leave her inconveniently aground ; and we cannot command 

 them. 



"We have adverted to two kinds of money, one of nature, 

 and one of policy. The metals, that have their value by their 

 use and natural limit; and money, winch has its value and use, 

 by its limit, from lawful authority. Could we not connect, 

 and use appropriately, both these kinds of money; make 

 them Lie together as two parallel lines, or electrified ribbons ; 

 the one always stretched, and fast at both ends, at home; 

 the other fastened to the same point at one end, but loose at 

 the other, and long enough to stretch abroad as far as it could 

 be drawn. 



"An authoritative money might be kept equable at home, 

 because there would be no motive to take it but to pay debts. 

 The metallic money will be taken away as a commodity. That 

 can be made of the quantity, suited by intelligence, to the 

 exigences of the nation ; the quantity of this is all a chance. 

 That would only circulate, and be valuable at home ; this is 

 valuable everywhere. Then why not take advantage of the 

 capability of an authoritative money, to be controlled and ad- 

 justed to meet the constant requirements of domestic business. 

 And for the business abroad, take advantage of the universal 

 currency of the metals. There is no necessary incompatibility 

 in an arrangement like this. There is no impossibility 

 that a paper money may rest indifferently upon the public 

 wealth, or upon metallic substance, and yet be separable from it, 



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