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A paper money, consisting in bank notes, issued by people of

undoubted credit, payable upon demand, without any condition,

and, in fact, always readily paid as soon as presented, is, in

every respect, equal in value to gold and silver money, since

gold and silver money can at anytime be had for it. Whatever is

either bought or sold for such paper, must necessarily be bought

or sold as cheap as it could have been for gold and silver.