regularorirregularin
theirrepaynts,acrdingastheircircutancesareeitherthrivingordecliningaprivatenoneyto
perhapshalfadozenoradozenofdebtors,y,eitherbyhielforhisagents,observeandinquirebothnstantlyandbuta
bankingpany,oneytoperhapsfivehundred
differentpeople,andofheattentionisntinuallyoccupiedbyobjectsofaverydifferentkind,canhavenoregularinfortionnceingthenductandcircutancesofthegreaterpartofitsdebtorsbeyonditso
inrequiringfrequentandregularrepayntsfrolltheircustors,thebankingpaniesofstlandhadprobablythisadvantageinview
sendly,bythisattentiontheysecuredtheelvesfrohepossibilityofissuingrepapeeythanthecirculationoftheuntryuldeasilyabsorbandeloyheyobservedthatoderateperiodsoftitherepayntsofa
particularcustorostoccasionsfullyequaltotheadvan,theyghtbeassuredthat
thepapeeyhadnotatany
tiexceededthequantityofgoldandsilverhhewouldotherforanswering
oands;andthat,nsequently,thepapeey,
eans,hadnotatanyti
exceededthequantityofgoldandsilverhwouldhaveoneythe
frequenentswould
suffiountoftheiradvanceshadat
notiexceededthatpartofhiscapitalhhewouldotheruneloyedandin
readyneyforansands;thatis,forthe
purposeofkeepingtherestofhiscapitalinnstanteloyntitisthispartofhiscapitalonlyhin
derateperiodsofti,isntinuallyretuingtoeverydealerintheshapeofney,herpaperorin,and
ntinuallygoingfrointhesashapeiftheadvancesofthebankhadnlyexceededthispartofhiscapital,theordinaryauntofhisrepayntsuldnot,oderateperiodsofti,haveequalledtheordinaryauntofitsadvancesthestreaansofhisdealings,was
ntinuallyrunningintotheffersofthebank,uldnothavebeenequaltothestreaansofthesadealings,
inuallyrunningouttheadvancesofthebankpaper,byexceedingthequantityofgoldandsilverherebeennosuchadvances,hefor
ansands,ghtsoooexceedthewhole
quantityofgoldandsilverrcebeingsupposedthesaedintheuntryhadtherebeenno
papeey;andnsequentlytoexceedthequantityheploy;and
theexoneydiatelyhaveretued
uponthebankinordertobeexchangedforgoldandsilverthissendadvantage,thoughequallyreal,perhapssowellunderstoodbyallthedifferentbankingpaniesofstlandasthefirst
lybythenveniencyofdisuntingbills,and
partlybythatofcashacunts,thecreditabletradersofanyuntrycanbedispensedfrohenecessityofkeepinganypartoftheirstooneyfor
ansands,theycanreasonablyexpectno
fartherassistancefroanksandbankers,heyhavegohusfar,cannot,nsistentlyhtheiroerestandsafety,gofartherabankcannot,nsistentlyhitsowninterest,advancetoatraderthehegreaterpartofthecirculatingcapitalhrades;because,thoughthatintheshapeof
ney,andgoingfrointhesashape,yetthehe
retusistoodistantfroheheoutgoings,andthesufhisrepayntsuldnotequalthesufitsadvancesoderateperiodsoftiassuitthenveniencyofabankstillless,uldabankaffordtoadvancehinynsiderablepartofhisfixedcapital;ofthecapitalheundertakerofanironforge,forexale,eloysinerectinghisforgeandsltinghouse,hishe
den,etc;ofthecapitalhe
undertakerofaneeloysinsinkinghisshafts,inerectingenginesfordraakingroadsand
c;ofthecapitalhepersonakes
toirovelandeloysinclearing,draining,enclosing,nuring,andploughingeanduncultivatedfields,inbuildingfarouses,halltheiecessaryappendagesofstables,granaries,etctheretusofthefixedcapitalareinalstallcaseschslohanthoseofthecirculatingcapital;andsuchexpenses,evenhthegreatestprudenceandjudgnt,veryseldoetutotheundertakertillafteraperiodofnyyears,aperiodbyfartoodistanttosuitthenvenienay,no
doubt,hgreatpropriety,carryonaverynsiderablepartoftheirprojectsoneyinjusticetotheir
creditors,hoheiroalought,inthiscase,tobesuffiaysayso,thecapitalofthose
elyirobablethatthose
creditorsshouldincuranyloss,eventhoughthesuccessoftheprojeuchshortoftheexpectationofthe
projectorsevenoneyhis
borroeantshouldnotberepaidtillaftera
periodofseveralyears,oughtnottobeborro
oughttobeborroortgageofsuchprivatepeopleasproposetoliveupontheinterestoftheieyhouttakingthetroubletheelvestoeloythecapital,andwhoareuponthatacuntolendthatcapitaltosuchpeopleofgoodcreditasarelikelytokeepitforseveralyearsabank,indeed,oneyped
paper,orofattoeysfeesfordraortgages,andentupontheeasyterofthebanking
paniesofstland,,beaverynvenient
creditortosuchtradersandundertakersbutsuchtradersandundertakersostinnvenientdebtorstosucha
bank
itisnoorethanfiveandtyyearssincethepaperneyissuedbythedifferentbankingpaniesofstlandwasfullyequal,orrathereorethanfullyequal,tothecirculationoft
