Qu. Whether a bank of national credit, supported by public
funds and secured by Parliament, be a chimera or impossible thing?
And if not, what would follow from the supposal of such a bank?
205. Qu. Whether the currency of a credit so well secured would not
be of great advantage to our trade and manufactures?
206. Qu. Whether the notes of such public bank would not have a more
general circulation than those of private banks, as being less
subject to frauds and hazards?
207. Qu. Whether it be not agreed that paper hath in many respects
the advantage above coin, as being of more dispatch in payments,
more easily transferred, preserved, and recovered when lost?
208. Qu. Whether, besides these advantages, there be not an evident
necessity for circulating credit by paper, from the defect of coin
in this kingdom?
209. Qu. Whether the public may not as well save the interest which
it now pays?
210. Qu. What would happen if two of our banks should break at once?
And whether it be wise to neglect providing against an event which
experience hath shewn us not to be impossible?
211. Qu. Whether such an accident would not particularly affect the
bankers? And therefore whether a national bank would not be a
security even to private bankers?
212. Qu. Whether we may not easily avoid the inconveniencies
attending the paper-money of New England, which were incurred by
their issuing too great a quantity of notes, by their having no
silver in bank to exchange for notes, by their not insisting upon
repayment of the loans at the time prefixed, and especially by their
want of manufactures to answer their imports from Europe?
213.
Pages:
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49