CHAPTER V

"C" purchases with $3,300 ("B's" money) which he borrows from The Bank , a copper-mine, depositing the title which he receives from the seller with The Bank as collateral for the $3,300. After purchasing he arbitrarily calls the copper-mine worth $10,000—arbitrarily because his act is not controlled nor regulated by any of the laws of the land—arbitrarily because the actual cost, $3,300, is his secret and his alone. Then, arbitrarily, "C" organizes his $3,300 of copper property into the Arbitrary Copper Company, and issues to himself a piece of paper, which he arbitrarily stamps "10,000 stock dollars." This he takes to The Bank , and by loan or other device exchanges it for the remaining $6,700 belonging to "B," and thereafter "C" conducts his affairs on the basis that he is the possessor of $6,700, his "made dollars" in the transaction. At this stage there is actually in use among the people $16,700 where "B," the legitimate factor, and his kind, the people, suppose there is but 10 , 000 — 10,000 which is recorded, known and legal, being used by the legitimate factors, "B" and The Bank , and $6,700 which is unrecorded and unknown to any but "C" and The Bank , being used