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p26
Exchequer Note Cause of
Causes. Paper Money - why not circulated by
Government without Interest
as well as by Individuals.
The contract between the terms on which Bank 1
Cases of the disadvantage,
what.
It can not be any
inferiority of government
in respect
of credit
Paper is Notes are received and those on which Government
Paper is received has been already broughtnoticed. underto
view. The inferiority of the latter can never be owing
to any inferiority in print of credit. The credit
of the Bank of England can never be greater than
that of the Government of Great Britain. One reason
that may save the looking out for others is this,
that the capital of the Bank having been the greatest
part of it laid out in the purchase of Government
Annuities the Bank Dealers in that company as to so much can never pay distribute
over those annuities in the shape of its dividends to amongst the Stock holders any further than as
they have received them from Government. A man
