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must be abandoned, and the issue regulated simply to supply the community want of the com. very exceptional circumstances. in
In making this suggestion for the consideration of the Secretary of State, and without pledging themselves absolutely to its adoption, My Lords wish it to be understood that Their views on the subject of issues by small Communities, proposing a special measure to meet a special emergency, have not modified.
It has been urged that it is true commercial policy to ensure small notes in order that trade may be "diffused among the many" in preference to being amassed among "the few Capitalists". It is aped to My Lords that such theories are of dangerous tendency.
The duty of the State, in the regulation of the coinage, is not to consider the interest of any class, large or small, but to found its legislation on the assured and simple principle, that such legislation will be in...