The price which he pays for it, therefore, is paid likewise for a real value. The price of the receipt, and the price of the bank money, compound or make up between them the full value or price of the bullion.

Upon deposits of the coin current in the country, the bank grants receipts likewise as well as bank credits; but those receipts are frequently of no value, and will bring no price in the market.

Upon ducatoons, for example, which in the currency pass for three guilders three stivers each, the bank gives a credit of three guilders only, or five per cent below their current value. It grants a receipt likewise entitling the bearer to take out the number of ducatoons deposited at any time within six months, upon paying one-fourth per cent for the keeping. This receipt will frequently