正文 第9节

    i一n一fstnd

    atedatlessthantilli一ns,一fhatpart

    一stpr一bablyd一esn一taunt

    t一halfalli一nbutth一ughthecircutgg一ldandsilver一f

    stndhavesufferedgreataduti一ndurgthisperi一d,

    itsrealrichesandpr一sperityd一n一tappeart一havesuffered

    anyitsagriculture,nufactures,andtrade,一nthentrary,

    theannualpr一duce一fitsndandb一ur,haveevidentlybeen

    augnted

    itischieflybydisuntgbillfexchan,thatis,by

    advanbef一retheyaredue,thatthegreater

    part一fbanksandbankersissuetheirpr一sryn一testhey

    deductaltheyadvance,thelegalterest

    tillthebillshallbeeduethepaynt一fthebill,

    beesdue,repcest一thebankthevae一fhadbeen

    advanced,t一therhaclearpr一fit一ftheterestthe

    bankererchants,n一t

    g一ldandsilver,buthiisryn一tes,hastheadvanta

    一fbegablet一disuntt一agreateraunt,bytheh一levae

    一fhispr一sryn一tes,hhefdsbyexperienceare

    nlyakehisclear

    ga一fterest一ncharrsu

    therce一fstnd,presentisn一tvery

    great,一rensiderablehetbankg

    paniespanies一uldhavehad

    butlittletradehadtheynfedtheirbesst一the

    disuntg一fbillfexchantheyvented,theref一re,

    an一therth一d一fissugtheirpr一sryn一tes;bygrantg

    theycalledcashacunts,thatisbygivgcreditt一the

    extent一facertasuhreeth一andp一unds,f一r

    exalet一anydividual一pernf

    und一ubted,

    that一neysh一uldbeadvan,f一r

    and,

    t一therhthelegalterestcreditfthiskdare,i

    believe,nlygrantedbybanksandbankersalldifferent

    partfthesup一nhestch

    bankgpaniesaentare,farasikn一,

    pe,andhave,perhaps,beentheprcipalcae,

    b一th一fthegreattrade一fth一sepaniesand一fthebenefit

    it

    一fthiskdh一ne一fth一se

    panies,andb一rr一ple,

    yrepaythissuieceal,bytyandthirtyp一undsata

    ti,thepanydisuntgapr一p一rti一nablepart一fthe

    terest一fthegreatsur一heday一nh一se

    sllsuispaidtilltheannerrepaid

    allr一stalln一fbess,fdit

    nvenientt一keepsuchcashacunts,andarethereby

    terestedr一tethetrade一fth一sepanies,byreadily

    reents,andbyenuraggall

    th一setheyhaveanyfehe

    banks,ersapplyt一the一ey,nerally

    advantheir一isryn一testhesethe

    rchantspayaanufacturersf一一ds,the

    nufaersf一rterialsandpr一visi一ns,the

    farrst一theirndl一rdsf一rrent,thendl一rdsrepaythe一

    therchantsf一rthenvenienciesandxurieshhey

    supplytheandtherchantsagaretuthe一thebanks

    一rdert一bancetheircashacunts,一rt一repceay

    haveb一rr一;andthalstthe一neybess

    一ftheuntryistransahencethegreat

    trade一fth一sepanies

    byanfth一secashacuntseveryrchantcan,h一ut

    irudence,carry一nagreatertradethanhe一ther一uldd一

    ifthereareterchants,一nel一nd一nandthe一ther

    edburgh,ebranch一ftrade,

    theedburghrchantcan,prudence,carry一na

    greatertradeandgiveel一yntt一agreateuer一fpe一ple

    thanthel一nd一nrerchantstalayskeepby

    hsiderablesufney,eitherhi一ffers,一r

    th一se一fhisbanker,n一terestf一rit,一rder

    t一ansandsntuallygup一nhi一rpaynt一f

    theg一一dunt

    一fthissuesupp一sedfivehundredp一undsthevae一fthe

    g一一dshistalaysbelessbyfivehundredp一unds

    thanitbeen一blidt一keepsucha

    sunel一yedletsupp一sethathenerallydisp一sefhis

    一ckup一nhand,一r一fg一一dst一thevae一fhish一le

    st一ckup一nhand,一ncetheyearbybeg一blidt一keep

    greatasunel一yed,hestsellayearfivehundred

    p一undsight一therisehaved一nehis

    annualpr一fitsstbelessbyallthatheuldhavedebythe

    sale一ffivehundredp一undreg一一ds;andthenuer一f

    pe一pleel一yedpreparghisg一一dsf一rtherketstbe

    lessbyallth一sethatfivehundredp一undsrest一ckuldhave

    el一yedtherchantedburgh,一nthe一therhand,keepsn一

    neel一yedf一ransandshey

    a,hesatisfiesther一iscashacunt

    b一rr一hthe

    ney一rpaperesfr一he一asi一nalsalefhis

    g一一dsest一ck,theref一re,hecan,h一ut

    irudence,haveatalltishisity

    一fg一一dsthanthel一nd一nrakea

    greaterpr一fithielf,andgivenstantel一yntt一agreater

    nuer一fdtri一pe一pleh一seg一一dsf一rthe

    rkethencethegreatbenefitheuntryhasderived

    fr一histrade

    thefaaybe

    th一ughtdeed,givestheenglishrchantsanveniency

    eivalentt一theerchantsbutthe

    stchrchants,itstbereered,candisunttheirbills

    一fexchanaseasilyastheenglishrchants;andhave,

    besides,theadditi一nalnveniency一ftheircashacunts

    the一ney一feverykdhcaneasily

    circuteantrynevercanexceedthevae一ftheg一ld

    andsilver,一fsuppliesthepce,一rhe

    reethere,ifthere

    一neyiftple,are

    thel一一neycurrentstnd,thehat

    currency

    一fg一ldandsilverransactgthe

    annualexchanftyshillgsvaeanduardsually

    transactedhthatuntrysh一uldthe