Publisher's Synopsis
Excerpt from An Inquiry Into the Real Difference Between Actual Money, Consisting of Gold and Silver, and Paper Money of Various Descriptions
Fity, or luxury. And fecondly, it is alfo evi dent, that. Paper money, though not afford ing thofe advantages, as to intrinfic value, which is derived from actual money, has yet circum?ances attendant upon it, which ren der it, in many cafes, more beneficial, both to the public and to the Rate; and of greater convenience to the commercial world in general: but the principle of perfect con fidence is requifite to give it its full advan tages, which can, of courfe, extend no fur ther than where the parties iffuing the paper are fully known; for the firanger, with his bank 'bill, or bill of exchange, of another country, will not procure what he requires, until, by the intervention of a third perfon, or fome other means, he makes known, and p'rocures confidence, as to the real value of the fecurity.
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