348 
MAGICK WITHOUT TEARS 
the Banks to change any coins soever for their equivalent in 
freshly-minted money-that's 
what those queues are-and 
"every one is happy again." "But," I objected, "I see you 
have some old coins." He laughed. "Those one-eyed mules at 
the Banks! All foolishness! Days ago we all agreed to take 
any money without question-and as long as we all do that, 
why, nobody's hurt!" 
I am not pretending that there is anything new about any 
of this; the whole theory of credit implies the probability of 
some such happenings. 
When I first landed in the U.S.A. (1900) I noticed 
instantly that practically everybody seemed to have money 
to bum, defying statistics. "Oh, that's simple!" explained a 
banker to whom I mentioned it; "in this country we reckon 
that money circulates 9 times as fast as in England. One 
dollar does the work of nine." Then, a year later at San 
Francisco, everything seemed very dear. Why? In S.F. one 
hardly ever saw a copper coin; the nickel (2Yzd) was the 
smallest in practical use. Going on to Honolulu, it was twice 
as bad; and there the dime (5d) was the smallest coin one 
ever saw. Somehow, it made for stickiness. When one 
hesitates to pay money out, one cannot expect other people 
to feel otherwise. 
So everything becomes increasingly 
constipated. I am not denying the virtues of thrift, but it's a 
long and tedious business; and all the big fortunes are made 
by shrewd gambling. Even if your policy be "small profits," 
it is a failure unless it ensures "quick returns." This is the 
deeper meaning of the proverb "Time is money." 
Now, then expand your thought; from the consideration 
of money (which we chose merely for convenience of 
discussion) apply these principles to the spheres of all the 
other planets. You will very soon heighten the enjoyment of 
life beyond all measure and belief! 
Love is the law, love under will. 
Yours fraternally, 
666