Land is capable of improvement, and the demand for it may be greater; so it may be more valuable. silver cannot be suppos’d to be apply’d to any other uses, than it is now apply’d to; or that the demand will encrease more than the quantity. Land cannot lose any of its uses, so will not be less valuable; silver may lose the use of money it is now apply’d to, so be reduc’d to its value as a metal. It may likewise lose a part of its uses as a metal, these uses being supply’d by other goods: so loses a part of its value as a metal. but nothing can supply the uses of land. Land may be convey’d by paper, and thereby has the other qualities necessary in money, in a greater degree than silver. Land has other qualities fitting it for the use of money, that silver has not. Land apply’d to the use of money, does not lose any of the other uses it is apply’d to: silver cannot serve the use of money, and any of its other uses as a metal. Trade and money depend mutually on one another; when trade decays, money lessens; and when money lessens, trade decays. power and wealth consists in numbers of people, and magazines of home and foreign goods; these depend on trade, and trade on money. so while trade and money may be effected directly and consequentially; that which is hurtful to either, must be so to both, power and wealth will be precarious. If a money is establish’d that has no intrinsick value, and its extrinsick value to be such, as it will not be exported; nor will not be less than the demand for it within the country: wealth and power will be attained, and be less precarious. money not being liable to be lessen’d directly, nor consequentially; and trade not liable to decay consequentially. so the power and wealth of that country will only be precarious, from what may be directly hurtful to trade. The paper money propos’d being always equal in quantity to the demand, the people will be employ’d, the country improv’d, manufacture advanc’d, trade domestick and foreign will be carried on, and wealth and power attained. and not being liable to be exported, the people will not be set idle, &c. and wealth and power will be less precarious. From whence it is evident, that land is more qualified for the use of money than silver; and preferable for that use tho’ silver were the product of Scotland: being more certain in its value, and having the qualities necessary in money, in a greater degree: with other qualities that silver has not; so more capable of being the general measure by which goods are valued, the value by which goods are exchanged, and in which contracts are taken. If 2000 lib. of paper money, is equal to the property of land worth 2000 lib. in silver; then that 2000 lib. of paper money, is equal to 2000 lib. of silver.