Publisher's Synopsis
Excerpt from Observations on Paper Money, Banking, and Overtrading, Vol. 2: Including Those Parts of the Evidence Taken Before the Committee of the House of Commons, Which Explain the Scotch System of Banking
Although the Bank of England was esta blished in the year the amount of its notes formed but a small part of the ciro culation; but few country banks were esta blished and paper money seems to have had no considerable in?uence in promoting the speen lations of trade until the close of the American war, a period when the commerce of the country began to make great progress.
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