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A banking company which issues more paper than can be employed in

the circulation of the country, and of which the excess is

continually returning upon them for payment, ought to increase

the quantity of gold and silver which they keep at all times in

their coffers, not only in proportion to this excessive increase

of their circulation, but in a much greater proportion; their

notes returning upon them much faster than in proportion to the

excess of their quantity. Such a company, therefore, ought to

increase the first article of their expense, not only in

proportion to this forced increase of their business, but in a

much greater proportion.