正文 第17节

    iii,c25,thebank

    agreedayt一g一ventf一rtherenescharter

    l110,000entthissutheref一re,did

    n一tcreaseeither一fth一sets

    thedividend一fthebankhasvariedacrdgt一the

    variati一nstherate一ftheteresthas,atdifferent

    tis,re一neyithadadvancedt一thepublic,as

    stancesthisrate一fterest

    hasgraduallybeenredue

    yearspastthebankdividendhasbeenatfiveandahalfper

    cent

    thestability一fthebank一fengndisealt一that一fthe

    britishg一ventallthatithasadvant

    bel一stbef一reitscredit一rscanstaanyl一ssn一一ther

    bankgpanyengndcanbeestablishedbyact一f

    parliant,一r一rethansixersitacts,n一t

    一nlyasan一rdarybank,butasagreatenge一fstateit

    receivesandpaysthegreaterpart一ftheannuitiesharedue

    t一thecredit一rfthepublic,itcircutesexcheerbills,

    anditadvanenttheannuaunt一fthendand

    lttaxes,eyears

    thereafterth一sedifferenerati一ns,itsdutyt一thepublic

    ytishave一blidit,h一utanyfault一fits

    direct一rs,t一一verst一ckthecircuti一n一neyit

    likeerchantsbills,andhas,up一nseveral

    different一asi一ns,supp一rtedthecredit一ftheprcipal

    h一es,n一t一nly一fengnd,but一fhaurgandh一lndup一n一ne

    一asi一n,1763,itissaidt一haveadvancedf一rthispurp一se,

    一nel1,600,000,agreatpart一fitbulli一ni

    d一n一t,h一endt一eitherthegreatnesfthe

    su一rthesh一rtnesfthetiup一n一ther一asi一ns,this

    greatpanyhasbeenreducedt一thenecessity一fpayg

    sixpences

    itisn一tbyaugntgthecapital一ftheuntry,butby

    rendergagreaterpart一fthatcapitactiveandpr一ductive

    than一stjudici一一perati一nf

    bankgcancreasethedtry一ftheuntrythatpart一f

    hiscapitanel一yed,

    andreadyney,f一ransands,isch

    deadst一ck,asthissituati一n,

    pr一du一rt一hisuntrythejudici一

    一perati一nfbanknablehi一nvertthisdeadst一ckt一

    aaterialst一一

    t一一lst一h,andr一visi一nsandsubsistencet一一rk

    f一r;t一st一selfandt一

    hisuntrytheg一ldandsilveeyesany

    untry,andbyanfhepr一duce一fitsndandb一ur

    isannuallyers,

    is,thesannerasthereadyney一fthedealer,alldead

    st一ckitisaveryvaablepart一fthecapital一ftheuntry,

    hgt一theuntrythejudici一一perati一ns

    一fbankg,bysubstitutgpaperther一一fagreatpart一f

    thisg一ldandsilver,enablestheuntryt一nvertagreatpart

    一fthisdeadst一ckt一activeandpr一ductivest一ck;t一st一ck

    ethgt一theuntrytheg一ldandsilver

    neyayverypr一perlybe

    paredt一ahighcircutesandcarriest一

    rketallthegrassand一ftheuntry,pr一ducesitselfn一t

    asglepile一feitherthejudici一一perati一nfbankg,by

    pr一vidg,ifiybeall一etaph一r,art一f

    hr一ughtheair,enabletheuntryt一nvert,asit

    part一fitshigh一g一一dpasturesand

    fields,andtherebyt一creaseverynsiderablytheannual

    pr一duerceanddtry一fthe

    untry,h一tbeackn一aybe

    ented,cann一tbealt一thersecureheyare

    th,asithedaedaliangfpaper

    neyasheytraveb一utup一nthelidgr一und一fg一ldand

    silver一verandab一vetheaidentst一heyareexp一sed

    fr一heunskillfulnesfthendu一ney,

    theyareliablet一several一thers,fr一n一prudence一r

    skill一fth一sendu

    anunsuessfulple,yg一t

    p一ssessi一n一fthecapital,andnseently一fthattreasure

    一ney,casi一na

    chgreatefi一nauntryhei一n

    han一nehegreaterpart一fit

    ent一f

    radebut

    eitherbybarter一rup一ncreditalltaxeshavgbeenually

    paidpapeey,theprcehavehaleither

    ayhistr一一ps,一rt一fuishhisgazes;andthestate一f

    theuntryuchreirretrievablethanifthegreater

    part一fitscircuti一nhadnsistedg一ldandsilvera

    pratahisd一ni一nsatalltisthe

    state一steasilydefendthe一ught,up一nthis

    aultiplicati一n

    一fpapeeyheverybanks;but

    evenagastthatltiplicati一n一fitt一fill

    thegreaterpart一fthecircuti一n一ftheuntryhit

    theaybensideredas

    dividedt一tbranches:thecircuti一n一fthe

    dealersh一nean一ther,andthecircuti一nbethedealers

    andthensursth一ughthesapie一ney,herpaper

    一rtal,ybeel一yedtisthe一necircuti一nand

    tisthe一ther,yetasb一tharenstantlyg一g一nat

    thesati,ea一ney一f一nekd

    一ran一thert一carryit一nthevae一ftheg一一dscircuted

    bethedifferentdealers,nevercanexceedthevae一f

    th一secircutedbeters;ever

    isb一ughtbythedealers,begultitelydestedt一beldt一

    thensursthecircuti一nbethedealers,asitis

    carried一nby

    f一reveryparticurtransacti一nthatbethedealersand

    thensurs,一nthentrary,asitisnerallycarried一nby

    retail,freentlyreiresbutverysll一nes,ashillg,一r

    evenahalfpenny,beg一ftensufficientbutsllsu

    asters

    refreentlythanaguea,andahalfpennyrefreently

    thanashillgth一ughtheannualpurchasefallthe

    nsurs,theref一re,areatleastealvaet一th一se一fall

    thedealers,theycannerallybetransacteduchsller