The following passage from Fullarton shows the want of clearness on the pan of even the best writers on money, in their comprehension of its various functions: That, as far as concerns ourdomestic exchanges, all the monetary functions which are usually performed by gold and silver coins, may be performed as effectually by a circulation of inconvertible notes paying no value but that factitious and conventional value they derive from the law is a fact which admits, I conceive, of no denial.