Front Page Titles (by Subject) 3. Minimum Reserve. - Money and the Mechanism of Exchange
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3. Minimum Reserve. - William Stanley Jevons, Money and the Mechanism of Exchange 
Money and the Mechanism of Exchange (New York: D. Appleton and Co. 1876).
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3. Minimum Reserve.
One mode of guaranteeing the payment of notes, which might be suggested, would consist in obliging the issuers to keep on hand a stock of specie, which is never to be allowed to fall below a certain fixed amount. This would be like recommending a man to avoid impecuniosity by always keeping a shilling in his pocket. The fact that the minimum amount must be kept in the vaults renders it unavailable for meeting demands when they come. There can be no use in such a reserve unless there be a power exercised by the legislature or executive government, of arbitrarily suspending the operation of the law when there is a run upon the banks.