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?©d?©ric, 1801-1850

"Essays on Political Economy"


B. No one can dispute that.
F. This is the time, then, to analyse the true function of cash,
independently of mines and importations. You have a crown. What does it
imply in your hands? It is, as it were, the witness and proof that you
have, at some time or other, performed some labour, which, instead of
profiting by it, you have bestowed upon society in the person of your
client. This crown testifies that you have performed a _service_ for
society, and, moreover, it shows the value of it. It bears witness,
besides, that you have not yet obtained from society a _real_ equivalent
service, to which you have a right. To place you in a condition to
exercise this right, at the time and in the manner you please, society,
by means of your client, has given you an acknowledgment, a title, a
privilege from the republic, a counter, a crown in fact, which only
differs from executive titles by bearing its value in itself; and if you
are able to read with your mind's eye the inscriptions stamped upon it
you will distinctly decipher these words:--"_Pay the bearer a service
equivalent to what he has rendered to society, the value received being
shown, proved, and measured by that which is represented by me._" Now,
you give up your crown to me. Either my title to it is gratuitous, or it
is a claim. If you give it me as payment for a service, the following is
the result:--your account with society for real satisfactions is
regulated, balanced, and closed.


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