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"The dances selected involved many contractions of the large muscular masses of the body and had therefore a great effect on respiration, circulation and nutrition. Such movements, moreover, when done as dances, could be carried on three or four times as long without producing fatigue as formal gymnastics.
But paper money, whether made by a government or made by authorized corporations, may be issued and put in circulation almost at will, and again be withdrawn at will. We do not mean that the issue and withdrawal of it are wholly unchecked, but that the checks, as the entire history of banking would seem to prove, are comparatively inefficient and delusive.
At that time there was a cheap edition of Byron's works in contemplation, meant to bring them into circulation among the masses, and the pathos arising from the story of his domestic misfortunes was one great means relied on for giving it currency.
Changes from State systems to the national system are rapidly taking place, and it is hoped that very soon there will be in the United States no banks of issue not authorized by Congress and no bank-note circulation not secured by the Government. That the Government and the people will derive great benefit from this change in the banking systems of the country can hardly be questioned.
Ask our friend, the bee-hunter, in what condition he finds himself to struggle with a Teton boy, after so many hours of bondage; much less with a dozen merciless and bloodthirsty squaws!" "Truly, old trapper," returned Paul, stretching his limbs, which were by this time entirely released, and endeavouring to restore the suspended circulation, "you have some judgmatical notions in these matters.
They are not responsible for the existing anomaly that a Government endowed with the sovereign attribute of coining money and regulating the value thereof should have no power to prevent others from driving this coin out of the country and filling up the channels of circulation with paper which does not represent gold and silver.
He inquires into the statistics of the Exchange, and discovers that even that is inadequate; and, as a last resource, concludes that the whole world is tributary to this Queen of Cities. It is the heart of the Universe. All the circulation centres here, and hence are derived all those streams that give life and strength to the extremities.
Edward Grundy and a friend from Bury called, and informed me that there was a report in circulation in Manchester, that it was the intention of the Magistrates to have me apprehended, under the plea of having committed some political offence, in order to interrupt the proceedings of the meeting; but these gentlemen assured me that they would become my bail to any amount, if it should be so.
This does not increase the amount of money in circulation, as for every one issued just so much coin is withdrawn and stowed away in the Treasury. The certificates are used simply for convenience, and in order to avoid the necessary wear of the coin if in constant use. These certificates are of the denomination of $20.
It would have been a great relief to have moved even so much as a finger, but being bound so tightly it was impossible to stir, and the thongs had in a great measure impeded the circulation, so that as I lay on my back, gazing pathetically at my feet, it seemed as if they were the appendages of another person, and that my tortures had begun by my being deprived of all that part of my body below my knees.
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