...circulate promifory notes, have -not contributed, " in any confiderable degree, to our prefent dif" trefs." The many which .ftopt, the many that . paufed, all...whole number of country banks in England was unknown j their capitals, and characters, were unknown. Their imprudence only was known, which had already...

...stopt, the many that paused, all demonstrate how greatly they contributed to our commercial misery. The whole number of country banks in England was unknown;...Their imprudence, only was known, which had already shaken their own credit. And suspicion fastened upon all, though the event has proved, that they were,...

...stopt ; some of which, however, afterwards went on, in their usual course of punctual payments." — " The whole number of country banks in England was unknown...their imprudence only was known, which had already shaken their own credit *." Mr. Macpherson, in his Annals of Commerce, speaking of the commercial convulsion...

...ever depend on the near proportion of the demand to the supply. The whole number of country bankers in England was unknown, their capitals and characters were unknown ; their imprudence only was known." In this universal increase the Bank of England was not behind ; it enlarged its note issues from £6,000,000...

...ever depend on the near proportion of the demand to the supply. The whole number of country bankers in England was unknown, their capitals and characters were unknown; their imprudence only was known." In this general increase the Bank of England took part. It enlarged its issues from £6,7$8,000 in...