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Specie payments
having been once resumed by the Government and banks, all notes or bills
of paper issued by either of a less denomination than $20 should by law
be excluded from circulation, so that the people may have the benefit
and convenience of a gold and silver currency which in all their
business transactions will be uniform in value at home and abroad.
Every man of property or industry, every man who desires to preserve
what he honestly possesses or to obtain what he can honestly earn, has a
direct interest in maintaining a safe circulating medium--such a medium
as shall be real and substantial, not liable to vibrate with opinions,
not subject to be blown up or blown down by the breath of speculation,
but to be made stable and secure. A disordered currency is one of the
greatest political evils. It undermines the virtues necessary for the
support of the social system and encourages propensities destructive of
its happiness; it wars against industry, frugality, and economy, and it
fosters the evil spirits of extravagance and speculation.


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