pay their notes when demanded in Bank of England notes。 This
would be a sufficient security against the possibility of their
being able too much to augment the paper circulation。 There would
be no temptation to melt the coin; and consequently the labour
which has been so uselessly bestowed by one party in recoining
what another party found it their interest to melt into bullion;
would be effectually saved。 The currency could neither be clipped
nor deteriorated; and would possess a value as invariable as gold
itself; the great object which the Dutch had in view; and which
they most successfully accomplished by a system very like that
which is here recommended。
The End
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