THE CURRENCY: ITS EVILS— THEIR REMEDY. 27 



excellence of the notes furnished by the borrower, so that, 

 if there is anything to be paid for this guaranty, it ought to 

 be paid to the borrower himself, and not to any other person. 

 We will not prolong this exposition, since a multiplicity of words 

 would serve only to darken the subject. We invite the reader to 

 reflect for himself upon the matter and to form his own conclu- 

 sions. AVe repeat that we do not advocate a bank of the nature 

 here described, since we conceive that such an institution would be 

 eminently unsafe and dangerous, and for a hundred reasons among 

 which may be counted the inordinate power that would be con- 

 ferred on the bank's oflficers; but, as we said before, it may serve 

 for illustration. Neither do we propose this plan as a theoretical 

 solution of the difficulties noticed in the preceeding chapters as 

 inseparable from the existing currency. We reserve our own plan, 

 and shall submit it to the reader at the end of the next chapter. 



