In this fashion the foreign money, whereas maintaining its high quality, has been vastly expanded; in order that the precise foreign money (counting checks) circulating within the United States to-day is probably one hundred occasions what it was in 1845. Banks and the use of checks also save the loss of gold arising from shipwreck and different accident, and, by storing it quietly in vaults, save the loss by abrasion which would happen if it were truly used in business. Fifty years since compa...