"A financier, asked for a loan, carries out a diligent summing-up of the debtor’s assets, to ensure that the loan shall be secured by something of worth," Eliza continued. "You have gold. This gold could be weighed, to find its worth. There could be no better security for a loan. But there is a complication. You are not using the gold as gold . You are using it as a medium for storage of information. Or I might say it thus: you are informing it. Once informed by the card-punching organ, it possesses value—to you, at least—that it did not have before. If it were to be melted down, it would lose that value. The only like procedure that I can call to mind, is that whereby blank disks of gold are informed by the blow of a die at the Mint, making ’em into guineas, and thereby imbuing ’em with additional worth— seigneurage , they name it. And so I say that your organ at Bridewell is like a little Mint, and your punched cards are the Coin of a new Realm."