Taxation Under Every Form Presents But A

Every Transaction In Commerce Is An Independent Transaction.

There Is No Way Of Keeping Profits Up But By Keeping Wages Down.

For Price Is Everywhere Regulated By The Return Obtained By This Last Portion Of Capital, For Which No Rent Whatever Is Paid.

Experience, However, Shows That Neither A State Nor A Bank Ever Have [sic] Had The Unrestricted Power Of Issuing Paper Money Without Abusing That Power; In All States, Therefore, The Issue Of Paper Money Ought To Be Under Some Check And Control; And None Seems So Proper For That Purpose As That Of Subjecting The Issuers Of Paper Money To The Obligation Of Paying Their Notes Either In Gold Coin Or Bullion.

The Demand For Money Is Regulated Entirely By Its Value, And Its Value By Its Quantity.