The Natural Law of Money: The Successive Steps in the Growth of Money traced from the Days of Barter to the Introduction of the Modern Clearing House and Monetary Principles examined in their Relation to Past and Present Legislation

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An analysis of money and banking from the free banking perspective, i.e. by privately owned banks which issue their own currency.

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The Natural Law of Money: The Successive Steps in the Growth of Money traced from the Days of Barter to the Introduction of the Modern Clearing House and Monetary Principles examined in their Relation to Past and Present Legislation (New York: G.P. Putnam’s Sons, 1896).

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