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[Page 7]

had of a diminution of the weight of Coins or of the proportion of the Precious metal to the alloy has been uniformly an unfair & dishonest attempt of the government to defraud the people of a part of the value which professd to be given & this was soon discoverd & the Real value of the Precious metal only allowd in Trade in this Case however as the Real value of the Precious metal could actualy be given no sure design could be attributed to government nor any Justifiable Reason alledged for an increase of the Price of Commodities

March 22, 05
The Precious metals in Circulation in any Country are circumstanced in respect to the Bullion in Trade exactly as water Pennd up in a Reservoir is, relieve to the River this Producd it as Long as the water remains in the Reservoir the amount of the current below is diminishd so the amount of Billion in Trade is always decreased by the accumulation of the Circulating medium or reservoir of Bullion into which Bullion is always cast as soon as the Price falls low enough

Every Country that wishes to have an abundant metallic Circulation must fix a Price on Bullion proportionally high to bring it to the mint in Considerable Quantities M de Celorne

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