Thus if currency notes were to be deprived of their liquidity-premium by the stamping system, a long series of substitutes would step into their shoes-bank-money, debts at call, foreign money, jewellery and the precious metals generally, and so forth.

因此，如果印花系统剥夺了纸币的流动性溢价，那么一系列替代品就会进入它们的鞋子——银行货币、活期债务、外国货币、珠宝和一般贵金属，等等.