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44 is one of equal importance, whatever may be the constitution of the State; while the second question—namely, "Who are the holders of the store?" involves the discussion of the constitution of the State itself.

The first inquiry resolves itself into three heads: 1. What is the nature of the store?

2. What is its quantity in relation to the population? 3. What is its quantity in relation to the currency? The second inquiry into two:

1. Who are the Holders of the store, and in what proportions? 2. Who are the Claimants of the store (that is to say, the holders of the currency), and in what proportions?

We will examine the range of the first three questions in the present paper; of the two following, in the sequel.

47. I. What is the nature of the store? Has the nation hitherto worked for and gathered the right thing or the wrong? On that issue rest the possibilities of its life. For example, let us imagine a society, of no