Excerpt from A Popular Treatise, the Currency Question: Written From a Southern Point of View The publishers are interested in presenting to the public this essay of Judge Hughes, which contains an able and forcible argument against the inflationists, who demand an unlimited issue by the government of an irredemable currency, and a clear and convincing statement of the service rendered to the country by the national banking system, in reply to those who would destroy this system, and would replace it by a return to the old method of irresponsible State banks, the unguaranteed notes of which would be, as before, uncurrent beyond the immediate neighborhood of their place of issue. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.