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[Page 7]
interest for money deposted in their Banking houses, from the Day on which it is Lodged with them, till it is drawn out
in ancient times Kings have Granted to some of their most opulent & Powerfull subjects, the Right of Coining money, always however on Condition of Rendering to the Royal mint a most perfect & Compleat account of all moneys Issued by them & Generaly with an original Limitation as to the amount. This custom was soon provd to be an improvident indulgence & it has been in Consequence Long ago abolishd, in England indeed it never Existed prevaild to any Extent.
The Right of Issueing Paper money without Limitation or Controll is exactly similar to this Abolishd Privelege only that as Bills may be Issued within Limitation or Controll only that the Issues have been far more Excessive in our times than they ever were before at any other, we suffer at this moment all the inconvenience that Led to the ancient abolition that determind our ancestors to Abolish the Custom in a tenfold degree, There must be Some Limitation to the increase of the value of Commodities & the decrease in that of the Circulating medium must exist in nature the nature of things & who is it that tho no one Can tell where that