Can't Export Laws

No civilized country can confine its oitizens within its own territory or prohibit all commercial intercourse with other conntries. Every country, therefore, needa money which can be used in purchase from and in payment of its debts to other countries. Yet, howsoever great a country may be, and however absolute may be the power of its government, its laws can have no extraterritorial effect. No government, therefore, can prescribe the standard by ■which its currency shall be valued in any other country, or compel the citizens of another country to receive its currency save at the bullion value of that currency in the markets of the world.