"This movement had its origin in the West where the people were more inclined to think for themselves, but the benefits were so decided and so easily secured, that it spread rapidly. The first exchanges demonstrated that the use of money could be very largely minimized, and banks were established as depositories for all the money that came into their hands, and to facilitate their financial relations with unorganized communities where money was still a necessity. These savings of money, were held as a sacred trust, to enable the members to pay taxes, and debts, in cases where the creditor could not be induced to take products at a fair price. Among themselves they used exchange certificates which were issued on the deposit of products or money, and for necessary labor. These certificates being issued on values which were seeking a market and redeemed in products needed for consumption and cancelled, constituted an ideal currency that was always just equal to the demand,--neither more nor less. "The people learned by experience how easy it was to minimize the use of money, and the tendency of this decrease in the demand for money, was to relatively increase the amount in circulation. It was easy now, for the most unfamiliar with business methods, to understand how the large operators, under the old system, had enriched themselves by making their settlements through great clearing houses where one obligation cancelled another and only two or three per cent. of money had been used to pay balances; and they could see how even this balance among wealth producers, could take the shape of a check against future production and money be entirely eliminated as a medium in the exchange of wealth.