栗子网
www.lizi.tw小说站
www.xsz.tw台湾小说网
www.192.twbeenpaidinatseveraldifferentinstalnts.
agreatpartoftheproprietors,heypaidintheirfirst
instalnt,openedacashaththebank;andthe
direselvesobligedtotreattheirown
proprietorseliberalityhheytreatedall
othern,alloanyoftheoborrohiscashat
ents.such
paynts,therefore,onlyputintoo
beforebeeofanother.buthadtheffersofthis
bankbeenfilledeversoust
haveetiedtheasterthantheyuldhavebeenreplenishedby
anyotherexpedientbuttheruinousoneofdrawinguponlondon,
andedue,payingit,togetherhi
andssion,byanotherdraftuponthesaplace.itsffers
havingbeenfilledsoveryill,itissaidtohavebeendrivento
thisresourthsafteritbegantodo
busiheestatesoftheproprietorsofthisbankh
severalllions,andbytheirsubscriptiontotheinalbond
orntractofthebank,werereallypledgedforansweringall
itses.byansofthegreatcredita
pledgenecessarilygaveit,ithstandingitstoo
liberalnduorethantwo
years.ostop,ithadinthecirculation
aboutthousandpoundsinbanknotes.io
supportthecirculationofthosenotesinually
retuinguponitasfasttheyhadbeen
nstantlyinthepracticeofdrahangeupon
london,ofberandvalueinually
increasing,and,ououpwardsofsix
huhousandpounds.thisbank,therefore,had,inlittle
rethantheurseoftodifferentpeople
uphuhousandpoundsatfivepert.upon
thethousandpoundscirculatedinbank
hisfivepertght,perhaps,bensideredasclear
gain,houtanyotherdedubesidestheexpenseof
.butuponuphousandpounds,for
inuallydrahangeuponlondon,
itssion,upwardsof
eightpert,ahanthreeper
orethanthreefourthsofallitsdealings.
theoperationsofthisbankseeohaveproducedeffects
quiteoppositetothoseeheparticular
personstohaveintended
tosupportthespiriteduakings,forassuchtheynsidered
theecarryingonindifferentpartsof
theuntry;andatthesati,bydrahewholebanking
busiotheelves,tosupplantalltheotherstks,
particularlythoseestablishedinedinburgh,kwardness
indisuntingbillsofexgehadgivensooffehis
bank,nodoubt,gavesoteoraryrelieftothoseprojectors,
andeheocarryontheirprojectsforabouttwoyears
lohantheyuldotherittherebyonly
eheogetsochdeeperi,sothat,whenruin
andupontheir
creditors.theoperationsofthisbank,therefore,insteadof
relieving,iyaggravatedinthelongruress
selvesandupon
theiruntry.ituselves,
their
beenobligedtostopthauallydid.the
teoraryrelief,hohisbankaffordedtothose
projearelieftotheother
stks.allthedealersincirculatingbillsofexge,
esobag,
hadreursetothisneheyhopen
ar.thoseotherbanks,therefetvery
easilyoutofthatfatalcircle,froeyuldnot
otherselveshoutincurringa
nsiderableloss,andperhapstooevensodegreeofdiscredit.
inthelongrun,therefore,theoperationsofthisbank
increasedtherealdistressoftheuo
relieve;andeffectuallyrelievedfrreatdistress
thoserivalsitanttosupplant.
atthefirstsettingoutofthisbank,itheopinionof
sopeoplethathoightbeetied,it
ghteasilyreplenishtheyraisingneyuponthesecurities
ofthosetoithadadvaspaper.experience,i
believe,soonnvinoney
uchtooslooansheirpurpose;andthatffers
ptiedtheelves
soveryfast,uldbereplenishedbynootherexpedientbutthe
ruinousoneofdrae
due,payiherdraftsuponthesaplaceh
acculatediandssion.butthoughtheyhadbeen
ablebythisthodtoraiseneyasfastastheyedit,
yet,insteadofkingaprofit,theysthavesufferedaloss
byeverysuusthave
ruiheelvesasartilepany,though,perhaps,not
sosoonasbythereexpensivepracticeofdrawingand
redraadenothingbytheiof
thepaper,thecirculationof
theuntryuldabsorbandeloy,retuedupontheinorder
tobeexgedfoldandsilver,asfastastheyissuedit;
andforthepayntofselvesntinually
obligedtoborrooney.orary,thewholeexpenseof
thisborroployiolookoutforpeoplewho
hadolend,ofiatinghthosepeople,andof
draent,sthavefallenupon
theandhavebeensochclearlossuponthebalaheir
ats.theprojectofreplenishingtheirffersinthis
nnerybeparedtothatofan
inuallyrunningout,andintohno
streanuallyrunning,butokeepit
alployinganuerofpeopletogo
ntinuallyelesdistan
ordertertorepleni**.
butthoughthisoperationhadprovednotonlypracticable
butprofitabletothebankasartilepahe
untryuldhavederivednobefrot;but,onthe
ntrary,sthavesufferedaverynsiderablelossbyit.this
operationuldnotaugntinthesllestdegreethequantity
ofobelent.ituldonlyhaveerectedt
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