Spencer Heath Archive

Item 2856

Carbon of a page presumed to have been composed and typed by

Heath, relating to his friend E.C. Riegel’s monetary ideas.

No date

 

 

 

 

HYPOTHETIC EXAMPLE

of the spreading use of the valun

Start with 100 business concerns, each of which remit to their suppliers each month an average of 10,000 checks, an aggregate of 1,000,000 checks. Assume that these remitt- be conveyed by val-dol checks and that half of the recipients prefer valuns, in whole or part. This would bring into the Valun System 500,000 new participants.

 Assume that these 500,000 use val-dol checks, averaging 100 each, — aggregating 5,000,000 and that of the recipients, half preferred valuns in whole or part. This would bring participants, as follows.

From initiating group   500,000

From secondary group   2,500,000

Total                 3,000,000