An Essay on the General Principles and Present Practice of Banking, in England and Scotland: With Observations Upon the Justice and Policy of an . the Measures to Be Pursued in Order to Effect

Excerpt from An Essay on the General Principles and Present Practice of Banking, in England and Scotland: With Observations Upon the Justice and Policy of an Immediate Alteration in the Charter of the Bank of England, and the Measures to Be Pursued in Order to Effect It

The large balances which the merchants in London must keep with their Bankers, would not only with Public Companies be safe, but productive. At pre sent they get nothing for them but their Banker's good word; while with such Companies they would also be allowed three or four per cent. Interest.

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