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JB/002/339/001

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17 Cause &

11
The comparative
for general
circulation makes
it proportionably
useful for being
by Bankers own cash

It might be thought that though the £100 an Exchequer Bill
is for the reasons above mentioned pointed out not every body's money
not the money of so many people as the £100 Bank
note, still it wouldmight be worth asso many peoples money
as to bear the same price or nearly the same
price. I would for example be the money of Bankers
for example of money dealers in general, of
Bankers for example. It certainly is the money of
Bankers to a degree yet still not to the same degree
as whe Bank note: it is their money upon
a footing more nearly approaching to that in which so much
stock is their money than that on which the Bank
note is their money. A Banker They may lay out their money
in this way for the purpose of making it produce
an interest: that isand thence he they may lay out in this way
such part of their his receipts as they allowhe allows themselves
to lay out for theirhis own benefit. But theyhe can
not will lay out in this way as he may in Bank notes any part or at
had any considerable part of themoney property which theyhe
deems it necessary to keep by in readiness to
answer draughts: for because as has already been
shewnobserved he can not be equally sure of a customers
taking suchthe Exchequer note's being taken byaccepted of a person
who comes with a draught as he can of the Bank <kb/> notes' being so accepted of.

He can keep it therefore upon
no other footing than that of a titletitle deed in evidence to a principal sumbearing

12
As it cannot perfectly
answer their
purpose


Metadata:JB/002/339/001

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