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Title:  The decline & fall of the English system of finance: By Thomas Paine, author of Common sense, American crisis, Age of reason, &c. [One line of quotation]
Author: Paine, Thomas, 1737-1809.
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that government; that is, by individually demanding payment at the bank for every bank note that comes into their hands. Why should Pitt and Greenville expect that the very men whom they insult and injure should at the same time continue to support the measure of Pitt and Green∣ville, by giving credit to their promissory notes of payment? No new emissions of bank notes could go on while payment was demanding on the old and the cash in the bank wasting daily away; nor any new advances be made to government or to the emperor to carry on the war; nor any new emission be made of exche∣quer bills."The bank," says Smith, (book ii. ch. 2.) "is a great engine of state." And in the same paragraph he says, "The stabili∣ty of the bank is equal to that of the Bri∣tish government;" which is the same as to say that the stability of the government is equal to that of the bank, and no more. If then the bank cannot pay, the arch∣treasurer of the holy Roman empire) S. R. I. A. Part of the inscription on an English guinea.) is a bankrupt. When folly in∣vented