Money and trade considered : $b With a proposal for supplying the nation with moneyLaw, John
General
Money and trade considered : $b With a proposal for supplying the nation with money
Law, John
Banks and banking -- Scotland; Currency question -- Great Britain
Considering the benefit the nation will have by this addition to the
money; that the land will be improv’d, so be more valuable, rents
be well payed, and that debitors by paying a value equal to what is
contracted for, may free their persons and estates from the danger they
are now exposed to.
2. That the money’d man will receive punctual payment, in a money of a
more certain value than silver or any other goods, and be in no danger
of confusion.
3. That trade will flourish, and these who depend on it be encouraged.
4. That the condition of the other degrees of the people will be
better’d.
5. That the nation will be able to maintain itself in order, and resist
its enemies.
These reasons considered, the question then will be, whether we will
improve the country as much as it is capable, without being at any
expence for a measure of trade, or continue as we are in hopes of
silver from other nations.
It will be a great advantage to this nation, that by the register we
are capable of putting this proposal in execution, and enjoying the
benefit of it; when other nations, tho’ they resolv’d upon it, would
for some years be incapable of it. tho’ for the general good of Europe
it were to be wish’d England were as capable of it as we are.
I have not had time to put my thoughts in that order they ought to have
been, and am forc’d to leave out answers I design’d to have given to
some objections I have heard made against this proposal; but if the
parliament think good to enter upon the consideration of it, I don’t
doubt but it may be made appear to be of great and certain advantage;
that it cannot possibly be any way hurtful to the country in general,
and that it may be so ordered, as not to be hurtful to any person, but
on the contrair.
FINIS.
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