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735. BANKS, Scarcity of Medium and.—

Instead of yielding to the cries of scarcity
of medium set up by speculators, projectors
and commercial gamblers, no endeavors
should be spared to begin the work of reducing
it by such gradual means as may give


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time to private fortunes to preserve their
poise, and settle down with the subsiding
medium.—
To J. W. Eppes. Washington ed. vi, 246. Ford ed., ix, 417.
(M. Nov. 1813)