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[nor are such larger notes ever issue to any one who
chooses rather to have the smaller notes]. The small
notes of the Bank it may be observed in reply afford
no advantage to facility to the circulation of the large notes of the same
company that the Exchequer Bills of Government do
not equally possess: for though admitting that the value
of the an Exchequer Bill of £100 would not be quite so great as those
of a setting aside the interest the article of interest
as that of a Bank note to the same nominal amount,
still the Exchequer Bill has a known value
and a value in the market as experience
shews not much less than that of the Bank note.
It ought therefore to be as easy to find were this all change for
£100 Exchequer Bill in Bank notes, as for a £100
Bank note. [But to this it may be rejoined that the
facility on the two cases is not in truth alike. Every
body being equally acquainted with Bank notes, any body
who has £100 to keep for a little while before he
will have to change it will as readily take it in
a single £100 Bank note as in ten £10 notes : for though
he may never have seen such a thing as £100
Bank note before in his life yet the perfect resemblance
it bears in every respect but the quantity of
paper and engraving and writing to the ten £10 notes
makes it so long as he does not want to change it, exactly
the same thing to him: the security is the same,the