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Title:  Essays upon several projects: or, effectual ways for advancing the interest of the nation.:
Author: Defoe, Daniel, 1661?-1731.
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self; for I am sure no Bank by the simple Improvement of their single Stock, can ever make any consider|able Advantage.I confess a Bank who can lay a Fund for the Security of their Bills, which shall produce, first an Annual Profit to the Owner, and yet make good the Passant-Bill, may stand, and be advantageous too, because there is a Real and a Supposititious Value both, and the Real always ready to make good the Supposititious; and this I know no way to bring to pass, but by Land, which at the same time that it lies Transferr'd to secure the Value of every Bill given out, brings in a separate Profit to the Owner; and this way no question but the whole King|dom might be a Bank to it self, tho' no ready Money were to be found in it.I had gone on in some Sheets 0